Whiteware deal

Fisher & Paykel has signed a US$50 million deal with Chinese appliance maker Haier, which will see the Qingdao-based manufacturer take a 20 per cent stake in the New Zealand company. Haier has signed a cooperation agreement covering areas such as sales, manufacturing and joint business development, to transform itself from a producer best known for low prices into a supplier of higher, premium-priced technology. Haier is the world’s fourth largest home appliance manufacturer and employs more than 50,000 globally. Fisher & Paykel is based in East Tamaki. Fisher & Paykel Industries Ltd was founded in 1934 by Sir Woolf Fisher and Maurice Paykel.


Tags: China  East Tamaki  Fisher & Paykel Appliances  ft.com  Haier  

Study Sheds Light on Mental Illness and Dementia

Study Sheds Light on Mental Illness and Dementia

“Certain mental conditions, particularly depression and schizophrenia, have also been linked to dementia. But because depression can itself be a sign of cognitive decline, the causality has been a bit muddy,”…