Long-established Dunedin foundry Giltech is closing in May with the loss of 13 jobs, citing continuing increases in material costs and decreasing order volumes.
Otago is one of the "hot beds" of New Zealand’s innovation sector, New Zealand Hi-Tech Trust chairman David Downs told those attending Dunedin’s first-ever NZ Hi-Tech Awards event yesterday.
The bar needs to be raised on regional governance skills and experience to enable local businesses to grow strongly and sustainably, Southland businesswoman Prue Halstead believes.
Silver Fern Farms’ strong financial performance - an after-tax profit of $189.3m for the full year, up $85.5m on the previous year’s result - is allowing its largest-ever investment programme.
A Malaysian-based company has received consent under the Overseas Investment Act to buy a 286ha sheep and beef farm at Tuatapere to convert to a commercial plantation pine forest.
In an interview yesterday, Craigs Investment Partners investment director Mark Lister said a recession was "absolutely possible, if not likely" but it would not necessarily be like the global financial crisis.
Gore farmer Hugh Gardyne intends moving a vote of no confidence in the board of Beef + Lamb New Zealand at the organisation’s annual meeting in New Plymouth on Thursday.