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The Tiwai Point aluminium smelter has posted an increased bottom line result, although underlying profits have fallen in the face of volatile prices and power costs. The Tiwai Point smelter near Bluff. New Zealand Aluminium Smelters (NZAS) made a net profit of $207 million in the 12 months to Decemb
PowerNet Chief Operating Officer Michelle Henderson won the Safeguard Business Leaders Health and Safety Forum – Leader of the Year Award at Tuesday nights (28th May) New Zealand Workplace Health and Safety Awards held in Auckland. Henderson won the award for developing the innovative ‘Coaching by K
On Monday (May 20th) evening a packed Victoria rooms at Invercargill Civic Theatre hosted a public meeting held by Invercargill City Council to discuss the investment by ICC of up to $30 million ($20M + $10M contingency for any over runs) in the planned $180M redevelopment of the centre city block o
Opinion: The consent hearing period for HWCP’s inner-city redevelopment has just closed but there is still work to be done. It may seem like a time where we take a step back and wait for an outcome, but it is in fact the opposite. Like so many, the Chamber is waiting with anticipation to see […]
ILT plans to inject $7.5 million into its portfolio of commercial properties over the next 12 months. ILT board members recently approved the substantial capital and project maintenance budget for the 2019-2020 financial year. Chairman Alan Dennis said reinvesting in its existing businesses was a lo
Infrastructure investor Infratil is teaming up with a Canadian investment firm to buy the local operations of Vodafone for $3.4 billion. Vodafone’s British parent confirmed the sale to a consortium of Infratil and Brookfield Asset Management Photo: 123rf.com Vodafone’s British parent confirmed today
New Zealand’s iconic ice cream company has a new owner, after global ice cream company Froneri today purchased Tip Top from Fonterra for $380 million. Fonterra CEO Miles Hurrell confirmed the sale, saying it was a bittersweet moment for Fonterra. “Since we took ownership of Tip Top in 2001, a lot of
The Kmart development on Clyde street is taking shape with the two storey building almost covered in. Tenants confirmed so far include Muffin Break as previously reported by What’s On Invers back in 2017 here. Since then rumors of other national chain tenants have been mentioned, What’s On Invers ca
