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Pengxin picks up former Fonterra executive Romanos for NZ Milk role, report says

Pengxin picks up former Fonterra executive Romanos for NZ Milk role, report says

March 26 (BusinessDesk) – Shanghai Pengxin has hired Gary Romano, who resigned from Fonterra Cooperative Group last year during the botulism scare, to oversee the Chinese company’s overseas operations including its New Zealand farms, the NZ Herald reports. Romano’s Linked In pr...

26 Mar 2014
Nuplex cut to ‘hold’ at Craigs on steeper-than-expected Australian manufacturing downturn

Nuplex cut to ‘hold’ at Craigs on steeper-than-expected Australian manufacturing downturn

By Suze Metherell March 26 (BusinessDesk) – Nuplex Industries was winded by a steeper-than-expected cyclical downturn in Australia’s manufacturing sector, says Craigs Investment Partners, which cut the specialty chemicals manufacturer to ‘hold’ from ‘buy’ following its first-ha...

26 Mar 2014
Carter Holt Harvey fined $1.85M for timber price fixing agreement with Fletcher in Auckland

Carter Holt Harvey fined $1.85M for timber price fixing agreement with Fletcher in Auckland

March 26 (BusinessDesk) – Carter Holt Harvey, the wood company owned by Graeme Hart’s Rank Group, was fined $1.85 million by the High Court for price fixing in the Auckland commercial timber market. Carter Holt was ordered to pay the penalty, and its former manager Dean Dodds f...

26 Mar 2014