The NZ Herald reports Chinese whiteware maker, Haier, may take a 20% stake in Fisher & Paykel.
F & P announced just over a year ago it was closing whiteware manufacturing in New Zealand and Australia and moving production to Thailand, Mexico and Italy.
That would be a different twist: A Chinese manufacturer owning production facilities in Thailand, North America and Europe. A potentially smart move for Haier if protectionist impulses rise to the fore in those markets.
Showing posts with label Haier. Show all posts
Showing posts with label Haier. Show all posts
Tuesday, May 26, 2009
Subscribe to:
Comments (Atom)