Juken NZ looks to halve Gisborne mill staff in bid to drive profitability
By Rebecca Howard Jan. 23 (BusinessDesk) - Juken New Zealand, a unit of Japan's WoodOne Ltd, is consulting workers at its Gisborne wood-processing mill on a plan that may see it halve the mill's workforce as it struggles to return to profitability in a highly competitive marke...
NZ services sector activity outshines manufacturing in December slowdown
By Rebecca Howard Jan. 23 (BusinessDesk) - New Zealand's services sector activity, which accounts for about two-thirds of the economy, eased in December but held up better than its sister manufacturing index, suggesting the sector is less concerned about the new government. ...
NZ dollar unchanged in local trading as markets watch US developments
By Rebecca Howard Jan. 22 (BusinessDesk) - The New Zealand dollar was unchanged in the local session as investors took a wait-and-see stance on developments in Washington after the US federal government shut down and legislators remained at an impasse on a temporary funding ag...
New spray dryer planned at Waikato Innovation Park as sheep milk ramps up
By Rebecca Howard Jan. 22 (BusinessDesk) - A new $45 million food spray dryer is being planned for Food Waikato as demand from the sheep milk industry ramps up, says Waikato Innovation Park chief executive Stuart Gordon. Food Waikato, which is located at Waikato Innovation...
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