Raxo - Newsline - MSC NewsWire

Official Cash Rate unchanged at 2.0 percent

Statement by Reserve Bank Governor Graeme Wheeler: The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.0 percent. Global growth is below trend despite being supported by unprecedented levels of monetary stimulus. Significant surplus capacity remains across many economies and, along with low commodity prices, is suppressing global inflation. Volatility in global markets has increased in recent weeks, with government bond yields rising and equities coming off their highs. The prospects for global growth and commodity prices remain uncertain. Political uncertainty remains. Weak global conditions and low interest rates relative to New Zealand are placing upward pressure…

Semtech to Power New Zealand IoT Network

Semtech Corporation, a supplier of analog and mixed-signal semiconductors, has announced that its LoRa Wireless RF Technology will be featured in a new low power, wide area network (LPWAN) currently covering more than half the population of New Zealand. The LoRaWAN-based network was designed by IoT network and software providers KotahiNet and Loriot. It uses gateways and sensors embedded with Semtech LoRa Technology to create a smart sensing network infrastructure so businesses, local governments and conservation groups can collect and analyze data from thousands of connected devices and make more informed decisions about their business operations. “Our rapid deployment of…

Financial Risks and Currency Need Continued Focus - NZMEA

Looking towards the Reserve Bank of New Zealand’s (RBNZ) OCR decision tomorrow, the exchange rate remains at a level that is putting a lot of pressure on manufacturers and exporters. Building financial stability issues, here and abroad also present a significant future risk, say the New Zealand Manufacturers and Exporters Association (NZMEA). NZMEA Chief Executive Dieter Adam says, “The exchange rate remains overvalued, adding significant pressure to manufacturing and exporting businesses, hitting margins and competitiveness, both in our vital export markets such as Australia, and for those competing against imports in New Zealand. “We need to see the downward correction…

Technology set to play big part in NZ agriculture

Christchurch – Ultimately, for New Zealand to diversify its export base, technology will play a critical role in improving value-add in agricultural exports, a leading New Zealand agri-tech expert says. Craige Mackenzie, chair of Precision Agriculture Association of New Zealand (PAANZ), says precision agriculture has a lot to offer the bright future of the second biggest New Zealand industry sector. “There is growing interest in the benefits of precision agriculture for environmental and financial viability of our New Zealand farms but we have a challenge ahead to get greater engagement with more farmers and companies in this sector. “We are…

Rolls-Royce Secures Milestone Contract with Hyundai Heavy Industries for First Naval Environship

The Royal New Zealand Navy’s new logistic support ship will be built by Hyundai in Korea, using an innovative front section design licensed by Rolls-Royce, which will also supply the power plant and related systems. Rolls-Royce has secured a milestone contract with Hyundai Heavy Industries (HHI) to provide a concept design based on the Rolls-Royce Environship Leadge Bow. This marks the first reference for the award-winning wave-piercing hull form in the naval sector. Rolls-Royce will also equip this new 23,000t Polar-class logistics support vessel, which will replace the New Zealand Defence Force’s 30-year-old tanker HMNZS Endeavour. The prime contractor HHI…

Rolls-Royce Secures Milestone Contract with Hyundai Heavy Industries for First Naval Environship

Muddy Boots Software celebrates its 100th employee.

An expanding county company, with an office in Pukekohe, is celebrating hiring its 100th employee. Muddy Boots Software is predominantly based in Phocle Green, near Ross-on-Wye in the UKbut their workforce extends to Australia, New Zealand, Germany, Kenya and Egypt. Over the past four years it has grown both financially and in headcount and is not only one of the county’s leading technology businesses, but also one of the world’s primary developers of food supply chain software solutions. Jack Evans, head of commercial at Muddy Boots, said: "Our mission is to produce food industry software and apps that deliver visibility,…

Dechra Pharmaceuticals to Acquire Apex Laboratories

NORTHWICH, UNITED KINGDOM–(Marketwired – Sep 16, 2016) – Dechra Pharmaceuticals PLC (LSE: DPH) is pleased to announce that it has agreed terms to acquire the business and assets of Apex Laboratories Pty Ltd (‘Apex’), a privately owned veterinary pharmaceutical company which manufactures, markets and sells branded non-proprietary prescription and other related companion animal products in Australia and New Zealand (the ‘Acquisition’). The Acquisition includes the purchase of Apex’s manufacturing site. Apex is ultimately controlled by Mr Anthony McGloin who is a descendant of the founder of Apex. The Acquisition will provide Dechra with direct access to the established and growing…

New Zealand is the Best Place on Earth to Launch Your Satellite

New Zealand is a small island nation in the middle of nowhere, and that makes it the perfect location for launching rockets. A new deal between space company Rocket Lab and the state-owned Airways—which takes care of air traffic control services—means New Zealand could soon be leading the world in space launches. Rocket Lab plans to soon launch up to 100 rockets a year from its remote site on Mahia Peninsula, on the East Coast. The potential economic impact of Rocket Lab has been valued at $1.5 billion over the next 20 years. Airways chief operating officer Pauline Lamb says…

The Warehouse Group Selects CBX Cloud to Optimize Product Lifecycle

AUCKLAND, NEW ZEALAND and HONG KONG, CHINA--(Marketwired - September 19, 2016) - CBX Software, the leader in Total Sourcing Management announced today that The Warehouse Group, the largest retail group operating in New Zealand, has selected CBX Cloud to streamline its product development and global sourcing operational processes. The Warehouse Group is made up of some of New Zealand's most iconic retail brands, including flagship, The Warehouse brand, along with Warehouse Stationery, Noel Leeming and Torpedo7. Together, the Group brands provide New Zealanders with products and services that stretch from the basic to the premium. The Warehouse Group is expanding…

Using wood fuel is heating up

With the continual growth in the use of wood fuel for heating the Bioenergy Association is increasing its support for wood fuelled heat plant operators and maintenance staff, helping plant owners improve the performance of their plant and encourage others to move from coal to wood fuel. “The amount of wood fuel replacing coal is growing each year and we want to ensure heat plant operating and maintenance staff are well supported,” says the Association’s Executive Officer Brian Cox. The Bioenergy Association is holding a forum for heat plant owners, operators and maintenance staff in Christchurch on 27 September. “The…

Argenta celebrates 10 years in business

Argenta, the New Zealand company dedicated to the creation, development and manufacture of products for the health of animals, is celebrating its 10th birthday this year. Originally a small, South Auckland-based contract research company, Argenta is now a highly innovative and profitable international business with four locations in the US and New Zealand and 300 staff globally. Argenta was borne out of a vision to create a company that could both invent, research and manufacture products for the global animal health industry – something that no other company was doing at the time. This specialty remains unique 10 years on.…