Kōrero: International economic relations

Haier’s purchase of 20% of Fisher and Paykel, 2008

Haier’s purchase of 20% of Fisher and Paykel, 2008

The Chinese whiteware manufacturer Haier bought a 20% stake in New Zealand whiteware maker Fisher & Paykel in 2008. For Fisher and Paykel, which had increasingly internationalised its production and marketing, but which faced financial difficulties with the world-wide economic downturn, it was an opportunity to gain entry into the rapidly expanding Chinese market. This Fisher & Paykel plant in Mosgiel, Dunedin, was closed in 2008.

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Otago Daily Times
Photograph by Stephen Jaquiery

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Me pēnei te tohu i te whārangi:

Malcolm McKinnon, 'International economic relations - China and New Zealand', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/mi/photograph/24832/haiers-purchase-of-20-of-fisher-and-paykel-2008 (accessed 20 August 2019)

Story by Malcolm McKinnon, published 11 Mar 2010