6 June 2003
Fletcher Building Ltd subsidiary Pacific Wire’s general manager, Alan Pearson, claimed today in an anti-dumping suit filed against Malaysia and China that some importers have “country-hopped” and found new suppliers prepared to sell at “dumped” prices. Pacific Wire got anti-dumping duties imposed last year on imports from South Africa. This time it wants provisional â€“ and retrospective â€“ duties imposed. Otahuhu-based Pacific Wire is New Zealand’s only producer of galvanised wire.
4 June 2003
Sydney-based financial services group Challenger International Ltd said today it would close its New Zealand retail operations on 30 June, will also stop managing wholesale money invested in its NZ-domiciled wholesale trusts, but will continue to provide investment management services to NZ-based institutional clients for Australia-domiciled funds/mandates promoted & serviced from Australia. Its trusts offered exclusively to NZ investors are the Challenger Coronet Equity Trust and the Trans Tasman Investment Trust.