Latest from Manufacturing

Current account surplus swung by $1.7b earthquake claims
New Zealand had a current account surplus of $35m in the September quarter Statistics New Zealand said today, due largely to Canterbury earthquake insurance claims.

Meat workers pay not docked - CEO
Silver Ferns Farms has hit back at complaints that workers at its Te Aroha plant had their pay deducted for observing a two-minute silence to remember the Pike River miners.

Failed discount plan behind F&P earnings downgrade
An unsuccessful discounting strategy contributed to poor trading results that forced Fisher & Paykel Appliances to downgrade earnings guidance today.

Pay cut for two-minute silence
Staff at a North Island freezing works had their pay cut for the official two-minute silence to remember the 29 miners killed in the Pike River mine.

80 jobs axed at Ohakune sawmill
Another 80 job losses announced today in a third sawmill unable to profitably export timber suggests the wood industry is in crisis, says a union representing workers in the sector.

Anzac Day poppies to be made offshore
Anzac Day Poppies will be made offshore, New Zealand's Returned Service Association has announced.

<i>Success:</i> Timber maker in the right groove
Gearing down for the recession proves a wise decision...

Wellington Drive shares halve as it looks for more cash
Shares in Wellington Drive Technologies have halved in value after the company said it was looking to raise $8.4m to fund operations.

Insulation fibre's a bottler
How a NZ firm is turning bottles into a fibreglass alternative...

Reserve Bank powerless in currency fight, says Key
Prime Minister John Key says NZ and its central bank are effectively powerless when it comes to checking the strength of the kiwi dollar.