Archive for August, 2010

KiwiRail and IBM sign $3 million management software deal, IBM to offer software and services designed to improve visibility and management to KiwiRail’s tracks, bridges

Comments Off | 08-31-2010

KiwiRail and IBM Monday announced the signing of a deal that will see the US based firm supply KiwiRail with software and services customized for enhancing visibility and management of KiwiRail’s tracks, bridges and other network assets. The two firms announced Monday that they had signed a $3 million management software deal.
Monday’s signing is the [...]

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Posted in Foreign Direct Investment/FDI New Zealand, General | Read More

Toyota, Hyundai and Mitsubishi win five-year deal to supply cars to government departments in New Zealand

Comments Off | 08-30-2010

In a deal that may harm smaller manufacturers in the country, The New Zealand government announced it had awarded three global auto majors a deal that will see them supply $200 million worth of cars for the government. Smaller manufacturers in New Zealand have already sounded the alarm reiterating that the deal might harm their [...]

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Posted in Foreign Direct Investment/FDI New Zealand, General | Read More

South Canterbury Finance halts its securities from trading on the New Zealand stock exchange debt market pending an announcement on a new investor

Comments Off | 08-28-2010

South Canterbury Finance halted the trading of its securities on the New Zealand stock exchange debt market as it prepares to announce a new investor. John Draper, South Canterbury Finance spokesman, said the company was close to concluding an agreement on a deal with new investors.
The halt is targeted at enabling the terms of the [...]

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Posted in Finance New Zealand, Foreign Direct Investment/FDI New Zealand, General | Read More

New Zealand’s Overseas Investment Office (OIO) thumbs up to the sale of Cedenco Foods to Japanese company CDC Foods Ltd.

Comments Off | 08-27-2010

New Zealand’s nodal agency for foreign investments into the country, the Overseas Investment Office, Thursday reported that it had given permission for the go ahead of the sale of Cedenco Foods to Japanese firm; CDC Foods Ltd. Cedenco Foods Ltd is one of New Zealand’s foremost and largest processors of fruit and vegetables.
The firm was [...]

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Posted in Food and Drinks, Foreign Direct Investment/FDI New Zealand, General | Read More

Singapore based company Olam International announces launch of counter bid for NZ Farming Systems Uruguay

Comments Off | 08-26-2010

Pursuant to its last offer made early August for the takeover of NZ Farming Systems Uruguay (NFSU), Singaporean firm, Olam International announced that it is upping its offer. The move will see the firm up its stake in NFSU to nearly 37% after upping its takeover bid to 70 cents for every NFSU share. The [...]

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Posted in Agriculture New Zealand, Foreign Direct Investment/FDI New Zealand, General | Read More

New Zealand’s Environment Protection Authority may receive infrastructure project applications worth $6 billion

Comments Off | 08-25-2010

New Zealand’s Environment Protection Authority reported that it expects to obtain $6 billion worth of infrastructure project applications by the end of 2011. New Zealand’s Environment Minister, Nick Smith, said the authority may receive infrastructure applications totaling over $6 billion by the end of the coming year. He further said the increased applications come as [...]

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Posted in Foreign Direct Investment/FDI New Zealand, General, Infrastructure NZ | Read More

American company Skype goes into partnership with New Zealand based firm Wi-Fi firm Tomizone

Comments Off | 08-24-2010

New Zealand based wireless services provider, Tomizone, announced that it has gone into a partnership with US based Skype in a move the firms said is targeted at enhancing Skype’s new web access product to New Zealanders. Tomizone, based in Auckland, operates around 20,000 Wi-Fi hotspots spread all over New Zealand, Australia, China, India and [...]

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Posted in Foreign Direct Investment/FDI New Zealand, General | Read More

Dairy NZ and Fonterra welcome New Zealand government funding for Research and Development of the Dairy Industry

Comments Off | 08-23-2010

The New Zealand government last week announced its plans for funding the Dairy industry in the country through research financing that will spur investments and development. In the plans, the government will back a $170 million research program aimed at driving change in the Dairy industry. DairyNZ and Fonterra welcomed the plan, reiterating that it [...]

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Posted in Dairy Investment NZ, Foreign Direct Investment/FDI New Zealand, General | Read More

Sky TV mulling commencement of an online presence in New Zealand

Comments Off | 08-21-2010

In a bid to reintroduce its online presence after it shut down last year, Sky TV reported that is mulling an online presence through provision of streaming services. The online presence will entail streaming sports channels, a 100 title movie catalogue and an on demand viewing of the most preferred shows over a standard broadband [...]

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Posted in Foreign Direct Investment/FDI New Zealand, General | Read More

New Zealand meat processor Affco tells small shareholders to reject Talleys takeover bid

Comments Off | 08-20-2010

New Zealand meat processor, Affco Holdings, has asked its shareholders to turn down a bid for a possible takeover from Talleys Group, terming the offer as not reflective of the firm’s true value. Affco Holdings is a listed meat processor in New Zealand and the rejected offer from Talleys Group stood at 37 cents per [...]

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Posted in Foreign Direct Investment/FDI New Zealand, General | Read More