Road Torque News
NZ Manufacturing on the Rise
Posted: 14-Apr-2018 |
A new government report has shown a stark increase in New Zealand high end manufactured products.
The report included developments in transport, logistics and machinery.
The tome of a report, Beyond Commodities: Manufacturing into the Future, was released on Tuesday by economic development minister David Parker and is the most comprehensive on New Zealand manufacturing to be published in a decade.
It was launched at the Manufacturer's Forum hosted by EMA, in association with the Manufacturer's Network and Callaghan Innovation.
The manufacturing and equipment sector has seen considerable growth and the report puts this down to the amount the industry spends on research and development. This is especially the case in the manufacturing of motor vehicles, trailers and semi-trucks.
The report mentions Action Manufacturing, Ravensdown, Resene, Zelam and NEC Transport as key examples.
The report also identifies a number of challenges for manufacturers, including difficulty finding skilled tradespeople and a lack of scale relative to international competitors.
"The continued lack of productivity growth remains troubling and limits opportunities for development," Mr Parker says.
"Manufacturing is crucial to boosting jobs and growing our exports, particularly where New Zealand enjoys a comparative advantage. The sector's potential is clear, and we need to devote more of the country's resource it."