...Fisher & Paykel Appliances Holdings Limited FPA Stock Exchange Release ASX/NZX 17 April 2008 Fisher & Paykel Appliances Announces Global Manufacturing Strategy Fisher & Paykel Appliances today unveiled its new global manufacturing strategy. As announced earlier today, the Company has acquired land and buildings and a refrigeration manufacturing plant located in Reynosa, Mexico. The new global manufacturing strategy involves shifting three of the Company’s manufacturing facilities to a combination of existing sites in Thailand and Italy and its recently purchased facility in Mexico. Inclusive of the Reynosa acquisition and the new North American DishDrawer line announced late last year, the financial benefits arising from the new strategy are expected to be in the vicinity of $50 million per annum, at a one off cost of approximately $50 million, both at a pre tax level. Capital expenditure is estimated at approximately $100 million. The cost of the moves will be substantially funded from the sale of what will become surplus property in New Zealand and Australia, which is expected to realise approximately $100 million. Additional savings are also anticipated from the sourcing of components from the respective local vendors. Working capital required for the shifts will be globally neutral. The one off costs of the relocations will be substantially provisioned for in the 2008/09 financial year. The Range & DishDrawer factory in Dunedin, New Zealand, along with the refrigerator...
Words: 1299 - Pages: 6
...Fisher & Paykel 1934 Company founded in Auckland by Woolf Fisher and Maurice Paykel to import Crosley refrigerators, Maytag washing machines and Pilot mantle radios. 1938 Sales agreement signed with Kelvinator Corporation, Detroit. 1939 Manufacture of refrigerators and wringer washing machines. 1953 Installation of first washing machine conveyer line. 1955 First stage of Mt Wellington plant starts production of refrigeration and laundry products. 1956 Manufacture of rotary clothes dryers designed and patented by company. Formed association with HE Shacklock, Dunedin. 1957 Allied Industries Ltd established to manufacture Murphy radios and radiograms and later (1960) television receivers. This was the forerunner of Fisher & Paykel Electronics. 1958 Fisher & Paykel open a London office. 1965 Agreement signed with Matsushita Electric for sole distributorship in New Zealand. 1966 Head Office moved to Mt Wellington. Champion Spark Plug New Zealand established. Allied Industries began manufacturing Waikato electric fence controllers. 1969 Allied Industries began manufacturing television tubes. 1970 First respiratory humidifier sold. 1971 Agreement with Matsushita Electric for marketing and eventual manufacture of National Panasonic products. Manufacture of respiratory humidifier(the beginnings of Healthcare). 1972 East Tamaki refrigerator manufacturing plant opens. 1974 One millionth refrigerator and one millionth laundry unit produced. Allied Industries...
Words: 2234 - Pages: 9
...business around the world. Are the environmental challenges and ethical dilemmas Fisher & Paykel currently face outsourcing manufacturing to a developing country beneficial to Australia? Globalisation can be described as the intertwining processes of the world. It is not only an economic process, which involves rising communication and integration of all countries’ economies through the growth in international trade and investment, but also the rapid cultural, social, technological and industrial exchange between nations (IYP, 2002, p. 11). Globalisation presents significant opportunities, as well as many challenges, for business around the globe. Many companies are currently making the decision to move production offshore to lower expenditure and increase profits. However, there are numerous environmental challenges, as well as ethical dilemmas involved with outsourcing. Throughout this essay I will show how globalisation is connected with the present issue of New Zealand’s ‘Fisher & Paykel’ (F&P) Brisbane plant outsourcing manufacturing of their whitegoods to Thailand. Shown by exploring the reasons and challenges involved both in the business environment and ethical arena. Such ethical issues under scrutiny at present are the loss of Australian jobs and the replacement of low wage employment offshore. After the analysis of various sources of information, it will be clear that the move by Fisher & Paykel, to commence production offshore, is in fact beneficial to the Australian economy...
Words: 3913 - Pages: 16
...1.INTRODUCTION As per the tin 100 rankings in the years 2011 to 2013 Fisher and Paykel Appliances stands first (tin100.co.nz/tin100/rankings This prestigious company started designing products since from 1934 and made a remarkable growth in to a global company operating in 50 countries and its manufacturing in New Zealand and China and challenged conventional appliance design to deliver products to human needs (https://www.fisherpaykel.com/nz/company/about/) (fisher and paycel appliances ltd NZ) Fisher and paycel concentrating more fundamental principles of sustainable design and developing as a global premium brand within the groups stable. Fisher and Paykel company specializing in European cooking products. 2. INTERNAL ENVERONMENTAL ANALYSIS 2.1 values and company culture Fisher and paykal image has genuine substance and is conveyed with trustworthiness by normal individuals with additional customary aptitude and responsibility to construct associations with our clients through trust and reputation.( www.fisherpaykel.com/nz/company/about/ )and thinks about clients, kin and our planet and have an eagerness and soul of openness all through business. Life speaks the truth normal as much as it speaks the truth the unforeseen, and provides food for both. Clients are individuals with schedules and customs, desires and shocks, occupied and calm times, delights and...
Words: 392 - Pages: 2
...CASE STUDY AUSTRALIAN WINE INDUSTRY 1. Identify Company’s (Witchmount Estate) objectives. [pic] Corporate - To be one of the top 3 wine estates in Victoria within 5 years. - Produce well known varieties of wine, such as, Chardonay, Sauvignon blanc, Shiraz & Cabernet sauvignon. - Develop new varieties like Pinot Gris. - Expansion & development of the winery, by building new modern wine manufacturing & tasting facilities. Build new restaurant. Build Conference and accommodation facilities. - A more recognisable logo “W”. - Wine produced to be divided into separate lines, and to sell in different price categories to cater for a wider market, pricing to be below & above $20 price point. Marketing - On-site and in the local community - Invite well known Australian performers to perform concerts within the winery. Advertising - Local media (newspapers & radio) within 20km radius. - Industry magazines - Conferences - Festivals - In other wine regions of Victoria - The closet winery to Melbourne CBD • Develop relationships with City hotel concierges • Offer their patrons Wine tasting package, Tour to the winery for a meal and wine tasting, with buses arranged by Witchmount to transport patrons. 2. Define the problem ...
Words: 2449 - Pages: 10
...HLT 362V Exercise 36 Questions to be graded 1-10 1. The researchers found a significant difference between the two groups (control and treatment) for change in mobility of the women with osteoarthritis (OA) over 12 weeks with the results of F ₍₁‚ ₂₂₎ = 9.619, p=0.005. Discuss each aspect of these results. Answer: The F value at 5% level of significance shows a significant difference between the control and the treatment groups. Therefore, the null hypothesis should be rejected because the p value 0.005 is less than 0.05 which means that the control and the treatment groups are different. 2. State the null hypothesis for the Baird and Sands (2004) study that focuses on the effect of the GI PMR treatment on the patients’ mobility level. Should the null hypotheses be rejected for the difference the two groups in change in mobility scores over 12 weeks? Provide a rationale for your answer. Answer: The null hypothesis would be that the means between the two groups, the control group and the treatment group will be equal. Since the p value is 0.005 0.01, the result is not statistically significant. Therefore, I would accept the null hypothesis because there is no difference between the control group and the treatment group. 6. Can ANOVA be used to test proposed relationship or predicted correlations between variables in a single group? Provide a rationale for your answer. Answer: No. ANOVA cannot be used to test proposed relationship or predicted correlations...
Words: 682 - Pages: 3
...Individual Assignment: Understanding Business Research Terms and Concepts: Part 3 Instructions Please highlight (like I just did) the correct answer and upload the entire document to the Assignments link by the due date in the syllabus. This is the only version of the assignment that will be graded. Do not use the matching shown on the Materials tab page for Week 5! 1 Which of the following shapes best represents a normal distribution as it is depicted graphically? A. Square B. Bell C. Triangle D. Star E. Hat For questions 2 through 4, consider the following array of numbers: 5 6 7 7 7 8 8 9 9 9 10 15 19 20 21 2. In the array provided, what is the mode? A. 7 B. 9 C. 10 D. 15 E. Both A and B 3. In the array provided, what is the median? A. 7 B. 9 C. 10 D. 15 E. Both A and B 4. In the array provided, what is the mean? A. 7 B. 9 C. 10 D. 15 E. Both A and B 5. The difference between the smallest and the largest values in a distribution is the _____. A. mean B. median C. mode D. range E. deviation 6. Which of the following is a bar chart arranged in increasing order by size? A. Control chart B. Simple bar chart C. Pareto diagram D. Histogram 7. Which of the following hypotheses is a null hypothesis? A. There is no difference in the monthly grocery bills of families with one child and families with two children B. Grocery bills vary according to the number of meals eaten outside the home C. Families with two children...
Words: 445 - Pages: 2
...1) Estrategia de mercadotecnica: Producto: Caracteristicas que buscan las ninas que tenga su muneca: 1) Que este de moda y que sea la mas innovadora, para obtener reconocimiento en su circulo social. 2) Que cuente con una amplia variedad de accesorios y ropa. 3) Que muestre un rostro de ternura caracteristico de los bebes. 4) Que sea lo mas real posible con mecanismos que les permitan reproducir la satisfaccion de las necesidades fisiologicas de los bebes. Principales marcas de Mattel> Little Mommy: Despues de Nenuco, es la marca mas recordada por las ninas. Cuenta con una amplia linea de accesorios. (Pertenece a Fisher Price – seguridad y calidad). Miracle Baby: Cuenta con muchos accesorios , como babero, sonaja y mamila, ademas de que cuenta con caracteristicas fisiologicas. Otras marcas: Princesa Alexa y Bebe Estrella> Ofrecen caracteristicas unicas como certificado de nacimiento y adopcion, aparte de contar con accesorios innovadores. Bebe estrella es percibida como la muneca mas abrazable. Niveles de producto> Base: Es el concepto principal de cuidar algo que es suyo. Estimulan las emociones de las ninas relacionados a la maternidad, que imitaran las actitudes de sus madres. Se desarrolla el respeto, reponsabilidad y cuidado de algo que les pertenece. Real: Las distintas caracteristicas que tienen las muñecas son de textura de cuerpo suave o duro, variedad de tamanos, cabello imitacion natural, y amplia variedad de ropa y accesorios...
Words: 842 - Pages: 4
...I I IBUSINES s I lscHooL 9-512-085 REV: MAY 25,2012 ANAT KEINAN JILL AVERY FIONA WILSON N,IICHAEI- NORToN EILEEN FISHER: Repositioning the Brand Hilary Old, vice president for communications, was one part excited and one part nervous, so she took a moment to adjust her scarf before she entered the meeting. It was ]anuary of 201,0 and she and her colleagues were about to review the first retail sales results following a major strategic initiative to reposition and evolve the EILEEN FISHER brand. 2009 marked the 25tri anniversary of EILEEN FISHER and the occasion gave the company the impetus to pause and assess its history. The company had enjoyed phenomenal success in its first quarter century: its growth in revenues and profits had been driven by both the skong brand loyalty of its core customers, and the opening of fifty retail stores dedicated to the brand. The company was consistently recognized as oue of the best companies to work for and had an impressive environmental sustainability and social responsibility- record. However, a startling discovery had emerged. The median customer age was currently at 59 and increasing each year, keeping pace with the age of the company's visionary founder, Eileen Fisher. Despite the company's best efforts to design age-less clothing to appeal to multiple generations, as Fisher herself aged, so too had the customer base. The company found itself stereotyped as a brand for older, and, to some extent, customers with...
Words: 9608 - Pages: 39
...Analysis of Research Report Mara Morris Statistical Applications HCS/438 May 4, 2014 Silvio Di Gregorio Analysis of Research Report Introduction The article “How much do parents know about first aid for burns” presents results of a two-month study conducted at University Hospital of Wales in Cardiff. The premise of the study was to verify if a relationship existed between the general knowledge of initial first-aid treatment for burns and age, gender, education, ethnicity and socioeconomic status. The Statistical Procedures Mentioned in the Study Pearson’s chi-squared test was used to determine if there was any correlation between genders, education level, age and first-aid knowledge. The use of logistic regression was employed so that all variables could be compared. There was found to be insufficient data collected to evaluate any relationship based on ethnicity. The Conclusions Reached in the Study It was concluded that people of lower socioeconomic status were less likely to have knowledge of initial first-aid treatment for burns. They were also less likely to have had any first-aid training. Persons of a higher socioeconomic status were more likely to have received first-aid education, which 40% of those stated they had received their first-aid training through their workplace. The study did not show any statistical significance for gender or age in the basic knowledge of first-aid for burns, but did show that prior first-aid training reflected better knowledge...
Words: 893 - Pages: 4
...NHL Regression Analysis Write-Up 1. I chose the topic because I am a big hockey fan, namely the Los Angeles Kings, who I have been following for quite a while. I am trying to find out whether the amount of goals scored, the number of minutes penalized and a Canadian nationality correlates to a player's salary amount. 2. I think my model will predict estimates of the conditional expectation of my dependent variable (annual salary), given the independent variables (goals, PIM & Canadian nationality). I expect the b for x1 (goals) to be positive as the more goals one scores, it warrants higher skill, thus higher pay. I expect the b value for x2 (PIM) to be negative as an increase of penalty minutes translates into less playing time which can result in lesser opportunities to score/assist on plays. Also, players that accumulate more penalty minutes are more likely to play the role of "enforcer" than "goal scorer", thus are historically paid less than most players. I expect the b value of x3 (Canadian Nationality) to be positive as most players in the National Hockey League are of Canadian nationality. 3. The coefficient parameter for annual salary, goals, penalty minutes and nationality are as respectively follows: 39058.28, -10044.7929 and -354824.588. B0: This intercept literally means if goals and PIM were 0 while nationality was not considered at all, that annual salary is 39058.28. That would not be sufficient. We are relatively more interested in the change of the salary...
Words: 1676 - Pages: 7
...Factor Analysis |KMO and Bartlett's Test | |Kaiser-Meyer-Olkin Measure of Sampling Adequacy. |.723 | |Bartlett's Test of Sphericity |Approx. Chi-Square |403.853 | | |df |105 | | |Sig. |.000 | Table. 1 As the KMO value is greater than 0.6 we infer that the sampling size is adequate. |Extraction Sums of Squared Loadings | |Total |% of Variance |Cumulative % | |3.731 |24.875 |24.875 | |2.348 |15.656 |40.531 | |1.506 |10.040 |50.571 | |1.061 |7.072 |57.643 | | | | | | | | | | | | | | | | ...
Words: 1075 - Pages: 5
...Fig 4 plots the GDP of Germany and Poland. From 2008 to 2010 there is decrease in Germany’s GDP. In 2008 Germany’s GDP was more than 3500 US billion. In 2010 it reached to approximately 3300 Billion dollars. Poland’s GDP more or less remain same. In 2008 Poland GDP was slightly more than 500 billion dollars and in 2010 it was 500 billion dollars. Fig 5 plots the GDP per capita. There is decreasing trend in Germany’s per capita GDP. In 2008 it was less than 45000 billion dollars and in 2010 it was 40,000 billion dollars. Whereas in Poland’s per capita GDP there is sharp decrease in 2009. But there is slight rise in 2010. Fig 6 plots stock traded and total value. In 2008 Germany’s companies stock traded and total value was 3100 US billion dollars. In Poland there was very less trading and total value was 100 billion and it remain more or less same till 2010. Where as in Germany there was a sharp decline in 2009. Total value reached to 1300 US billion dollar. In 2010 it slightly increased, and In 2011 stock traded and total values of German companies were around 1300 US billion dollars. Fig 7 plots stocks traded and Turnover ratio in percentage. In 2008 Germany’s companies’ turnover ratio was around 190. In 2009 it decrease to 100. In 2010 this ratio remain same. But in 2011 it increased and reached to 130. Poland’s turn over ration compared to Germany is very less. In 2008 it was slightly less than 50. In 2009 it reached to 50 and remain stable for 2010. And then in...
Words: 423 - Pages: 2
...1. What is the Fisher hypothesis? Is it Valid? Explain The Fisher hypothesis (sometimes called the Fisher effect) is the proposition by Irving Fisher that the real interest rate is independent of monetary measures, specifically the nominal interest rate and the expected inflation rate. The term "nominal interest rate" refers to the actual interest rate giving the amount by which a number of shillings owed by a borrower to a lender grows over time; the term "real interest rate" refers to the amount by which the purchasing power of those shillings grows over time—that is, the real interest rate is the nominal interest rate adjusted for the effect of inflation on the purchasing power of the loan proceeds. The relation between the nominal and real rates is given by the Fisher equation, which is This states that the real interest rate () equals the nominal interest rate () minus the expected inflation rate (). Here all the rates are continuously compounded. For rates based on simple interest, the Fisher equation takes the form where is the simple nominal interest rate and is the simple real interest rate; this equation is well approximated by using the simple rates in the previous equation provided all three percentage rates are relatively small. If the real rate is assumed, as per the Fisher hypothesis, to be constant, the nominal rate must change point-for-point when rises or falls. Thus, the Fisher effect states that there will be a one-for-one adjustment of the nominal...
Words: 1834 - Pages: 8
...October 27, 2013 EXERCISE 40 Questions to be Graded 1. According to the “Introduction,” what categories were reported to be statistically significant? The introductory paragraph of the article shows that the three groups in income, working status, and education, health status of the adult and child, and the utilization of health care are statistically significant. 2. In Table 1, is the No. In household reported as statistically significant among the three groups (uninsured, Medicaid, and privately insured)? Provide a rationale for your answer. The results in table 1 suggest that the number of households with a magnitude of 3.79 is statistically insignificant. The reason behind this is that there is no sign mentioned on the magnitude. This means that the significant value for this magnitude would be greater than the level of significance mentioned in the article. 3. Should the null hypothesis for Marital Status (%) be rejected? Provide a rationale for your answer. The result in table 1 suggests that the null hypothesis for the Martial status should be rejected. As the magnitude of X2 i.e. 3.79 is insignificant. Insignificant results indicate that the null hypotheses are supported or accepted. 4. How many null hypotheses were rejected in the Salsberry (2003) study? Provide a rationale for your answer. Six of the overall null hypotheses were rejected since six X2 values were significant, as indicated in Table 1. Significant results indicate that the...
Words: 549 - Pages: 3
