Apr 24 -The Struthers family, which founded the Avanti bicycle brand and built Sheppard Industries into the largest cycling company in Australasia, has cut its final ties to the business, selling its remaining shareholding to a Switzerland- based company, Scott Sports. The family sold most of its shareholding in the business to Scott Sports in 2015, and exited its remaining holding in December for an undisclosed sum. Kim Struthers, the son of founder John Struthers, stepped down as New Zealand country manager last month and the Struthers family no longer has any connection with the business.
Aluminium use in automobiles and light trucks marks the highest growth from all other aluminium applications, in any segment of use. Aluminium remains “the fastest growing automotive material over competing materials and is entering its most unprecedented growth phase since we’ve been tracking the shifting mix of automotive materials,” the latest survey of automakers by Ducker Worldwide showed.
The report, ‘Beyond commodities: Manufacturing into the future’ released today by the Ministry of Business, Innovation and Employment provides great insight into New Zealand’s manufacturing sector, showing the value it brings to our economy, the potential it holds for future growth and the challenges it faces.
Key parts of manufacturing are moving beyond commodities into value-added products, a new report released today by Economic Development Minister David Parker shows.
The 150 page report, Beyond Commodities: Manufacturing into the Future, is the most comprehensive on New Zealand manufacturing to be published in a decade.
It was launched at the Manufacturer’s Forum hosted by EMA, in association with the Manufacturer’s Network and Callaghan Innovation.
“This report shows the huge diversity of manufacturing in New Zealand, from core household goods like cleaning products, to building products, furniture and steel,” Mr Parker says.
The report also identifies a number of challenges for manufacturers, including difficulty finding skilled tradespeople and a lack of scale relative to international competitors.
“The continued lack of productivity growth remains troubling and limits opportunities for development,” Mr Parker says.
“Manufacturing is crucial to boosting jobs and growing our exports, particularly where New Zealand enjoys a comparative advantage. The sector’s potential is clear and we need to devote more of the country’s resource it.”
“The Government’s Tax Working Group and reforms we are making to the Reserve Bank Act are important steps on the path to a more productive economy.”
A key finding in the report is the degree to which production and export of high-value products is starting to gain real traction. Medical equipment, pharmaceuticals and agritech machinery and systems collectively generate $1 billion of exports. Infant formula and innovative foods such as nutraceuticals are generating double digit growth.
The report, part of the Sectors Reports Series, confirms that manufacturing will continue to play a major role in the economy, particularly in the regions.
Manufacturing provides 221,000 jobs, generates $36 billion in exports, and spends $670 million on research and development.
“Manufacturing has borne the brunt of changing global dynamics and these changes have resulted in increased competition for Kiwi firms.
“However, the globalised economy has also increased opportunities for local firms to target valuable niches,” Mr Parker says.
“Value-added products can offer higher returns and efficiencies for New Zealand businesses and allow for more productive land use with a lower impact on the environment.”
The report will help provide the information government and industry needs to adapt to emerging domestic and global opportunities.
Apr 17 - Twenty-seven years after the Porter Project recommended New Zealand should pursue a "clusters" strategy to develop its manufacturing base, a government study of the manufacturing sector has found there are "few economically significant manufacturing clusters in New Zealand".
Apr 05, 2018 - New Zealand carpet maker Cavalier Corp is emerging from a “tough” period after an influx of cheaper synthetics forced it to restructure its business to compete. It has now streamlined its operations and with most of the pain now behind it, is stepping up investment in innovation and marketing as it eyes rising consumer demand for natural woollen products.