Showing posts with label New Zealand Herald. Show all posts
Showing posts with label New Zealand Herald. Show all posts

Tuesday, May 26, 2009

Haier to buy chunk of F&P?

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.
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