Category: Fisher & Paykel

Fisher & Paykel Appliances Holdings Limited yesterday announced it had entered into an agreement with Haier for the supply of components and technology, predominately motors says Reuters.

Fisher & Paykel shares have plunged the most in almost 15 months in Wellington trading after reducing its earnings forecast because of deteriorating operating conditions. Fisher & Paykel fell 8.8% to 52 New Zealand cents, the biggest decline since September 25, 2009. The stock earlier tum…

Fisher & Paykel Appliances delivered a double-whammy of downgrades at the weeked, prompting an angry sell-down of its stock by disappointed investors. Its shares opened at 63c, but after delivering an $84.2 million loss for the half year to September, the stock was trading 9% down at 59c duri…

Chinese appliance manufacturing giant Haier’s 20% buy-in to Fisher & Paykel Appliances has led to it being removed from the stock exchange’s top 15 companies list, to be replaced by Freightways. Shares in F&P Appliances yesterday traded flat, around 75c, while Freightways’ shares opened a…

Haier, China’s largest domestic appliance maker, and Fisher & Paykel (F&P), the premium appliance manufacturer, are exploring opportunities to cross market their products in the United States. The move would extend a strategic partnership formed last May when Haier purchased a 20 percent …

Fisher & Paykel Appliances finally reported some good news this week when it said that 350 refrigeration assembly workers in Auckland will return to a 40-hour week. The company paid tribute to both the Government and the Engineering, Printing and Manufacturers Union for supporting arrangement…

There have been changes at the top of Fisher & Paykel Appliances in the wake of the Chinese firm Haier taking a stake of 20% in the company. Haier’s chief financial officer, Tan Lixia and chief marketing officer, Zhou Yunjie will join the board of the appliance maker.

The New Zealand Herald has reported that US private equity company Texas Pacific Group had a casual look at buying a stake in Fisher & Paykel Appliances but was not the main rival to Chinese manufacturer Haier. The whitegoods maker confirmed last week that Haier would buy a 20 per cent stake …

It is now confirmed that, as we reported yesterday, that Haier has bought a 17% stake in Fisher & Paykel Appliances who’s shares jumped by a record in Wellington trading after the deal with Haier Group was confirmed and arranged new bank funding. Shares in the company, before today the second…

Haier will buy a 20 percent stake in Fisher & Paykel as part of capital raising, the New Zealand Herald has reported, without saying where it got the information. Haier, China’s largest maker of refrigerators, will invest about NZ$40 million, while as much as NZ$160 million will be raised fro…