Tag: New Zealand

  • Alliance Group market-ready lamb packs to hit Chinese shelves

    Alliance Group market-ready lamb packs to hit Chinese shelves

     Alliance Group’s lamb packs for the Chinese retail market.
    Alliance Group’s new lamb range of market-ready retail packs will be launching in China next month.

    The co-branded lamb range will land in China’s retail and food service sectors as the co-operative and its in-market partner Grand Farm strengthen their close ties.

    The initial focus  will be on the upper end of the Chinese market in Beijing, Shanghai, Guangzhou, Shenzhen and Harbin The lamb will be available from eight retail chains boasting 200 selected outlets before being rolled out to other parts of the country.

    Alliance chief executive David Surveyor said the New Zealand-packed lamb was designed for the Chinese market and co-branded Pure South and Grand Farm.

    “It marks a major milestone in our vision to create new product forms and ranges that will be either produced from source or further processed in the market to meet the growing demands of China’s food service sector.”

    The regions were selected based on the higher buying power of their consumers, concentration of foreigners and higher economic activity, he said.

    “This initiative will help us build a deeper understanding of the supply and value chains and eventually secure the added value we are seeking in this market with a ‘packed-at-origin’ offering.”

    Alliance’s focus in China was to obtain more market value for its 5000 farmer-shareholders by understanding consumer tastes and improving its matching of products and markets, as well as investing more in new products and packaging, he said.

    In April, the co-operative signed an agreement with Grand Farm at a ceremony in China. The agreement, which signals further strategic co-operation between the pair, sets out a  plan to improve the returns and add value to both businesses.

    Grand Farm is the best known distributor and marketer of top quality red meat in northern China. The company owns 96 meat shops, operates 260 branded meat counters in selected hypermarkets and supplies over 1000 hypermarkets in China.

    Alliance has been working in China since the mid-1990s and is now the country’s largest exporter of New Zealand lamb to the country.

     

  • New Zealand opens technology center in Vietnam

    New Zealand opens technology center in Vietnam

    New Zealand has opened a new technology center at Quang Tring Software City in Ho Chi Minh City.

    The Kiwi Technology Center is envisioned to be a hub for New Zealand tech companies investing and doing business in Vietnam and the ASEAN region.

    The first companies to set up shop in the center include software services business Augen Software Group which won the Vietnam IT Excellence award last year, healthcare technology companies Orion Health and HealthTech and apparel manufacturing optimization firm ShapeShifter.

    “This is a fantastic opportunity for New Zealand technology companies and I look forward to more of them utilizing the Kiwi Connection hub and meeting with businesses from around the region who want to work with New Zealand companies and use technology services from within ASEAN,” said New Zealand’s Economic Development Minister Steven Joyce in a statement.

    Joyce also announced last week a project to build a New Zealand-Vietnam friendship bridge in Ho Chi Minh City to celebrate the ties between the two countries.

    Vietnam is New Zealand’s fastest growing trade market in Southeast Asia, with merchandise exports reportedly doubling since 2007.

  • New Zealand’s Woosh Wireless enters administration

    New Zealand’s Woosh Wireless enters administration

    New Zealand wireless broadband provider Woosh Wireless has entered voluntary administration after burning through more than NZ$100 million ($67.7 million) in cash since it was founded.

    The operator has appointed local advisory and investment firm KordaMentha as administrators for the proceedings. The first meeting of creditors will be held early next month.

    Woosh was founded in 1999 and bought out by California-based Craig Wireless for $5 million in 2011.

    The company sold its fixed line network to rival Slingshot last year, and sold one of its three spectrum blocks – a 70 MHz lot of 2300-MHz spectrum – to Spark New Zealand for NZ$9 million in April.

    A KordaMentha partner said the company will be mindful of customers who rely on Woosh Wireless for their broadband services, particularly in remote areas in rural parts of Southland, where there is a strong concentration of subscribers.

  • Indonesian Embassy Introduces Ijen Coffee in New Zealand

    Indonesian Embassy Introduces Ijen Coffee in New Zealand

    The Indonesian Embassy in Wellington held the “Coffee Talk and Coffee Cupping” event to promote Indonesian coffee by brewing Java Arabica coffee from Mount Ijen, Banyuwangi.

    “The presence of Ijen Coffee will add more variety to coffees served in cafes in Wellington, which is known as the world’s capital of coffee,” said Jose Tavares, New Zealand Ambassador to Indonesia.

    Tavares added that Indonesians should be grateful because the country has numerous variety of specialty coffee from Aceh to Papua.

    The event was attended by representatives from several coffee companies in Wellington. They also provided with the chance to taste the flavor of Ijen Coffee during the coffee cupping event.

    The event is also expected to increase Indonesia’s coffee export to New Zealand, which reaches up to a monthly average of 60 tons in 2015.

  • New Zealand Eyes More Investment in Indonesia

    New Zealand Eyes More Investment in Indonesia

    Franky Sibarani, Chairman of the Indonesia Investment Coordinating Board (BKPM) met with Indonesian Ambassador to New Zealand Joze Tavares in Auckland last Wednesday, May 4, 2016. The meeting was held to coordinate New Zealand’s plan to increase its investment in Indonesia.

    “To attract more investment, the BKPM will [cooperate] with the Indonesian honorary consul in Auckland, which is also the President of the ASEAN Business Consul,” Franky said after the meeting.

    Franky added that the BKPM will continue to coordinate with Indonesian representative in New Zealand to follow up potential investments.

    Jose Tavarez welcomed the Indonesian government initiative to market possible investments in New Zealand.

    “New Zealand has large potential related to the development of renewable energy, specifically geothermal [energy],” Tavares said.

  • Major gains made in commercial meat export agreements with China

    Major gains made in commercial meat export agreements with China

    A multimillion dollar deal with a farming corporation in China will see New Zealand’s  Alliance Group become one of the largest exporters of meat in that market.

    The “grand alliance” between Alliance Group and Beijing Businesman Chen Xibin, who owns Grand Farms, will help to boost large volumes of valued-added sheep meat and venison products into the Chinese market

    The deal was signed at an event in Beijing, where Prime Minister John Key is leading a 40-strong trade delegation.

    Alliance chief executive David Surveyor said it shifted the relationship from a transactional one, to a value-added one, which included services and expertise training.

    But the deal is around the export of frozen meat only. Restrictions on chilled meats meant New Zealand could not export chilled meat to China, although Australia delivered its first shipment of chilled meat this year, under their FTA.

    Surveyor said he believed chilled meat exports were inevitable, but could be some time away.

    “These are matters for Government obviously to work through, but there’s a great usefulness to New Zealand and to Chinese consumers to see chilled happen.”

    Alliance Group is a co-operative owned by 5,000 farmer shareholders, headquartered in Invercargill, with eight plants across the country.

    It’s New Zealand’s largest sheepmeat processor, and it’s second largest meat exporter.

    Its in-market partner in China is Grand Farms, China’s single largest importer of sheepmeat. The company processes 70 per cent of the lamb supplied by Alliance Group into lamb rolls, kebabs and finished retail ready products.

    Volumes of exports to China have already increased by 35 per cent over the past five years.

    Alliance general manager marketing Murray Brown said the agreement was built on a 17-year relationship already established with Grand Farms.

    “We’re looking at more value in terms of retail packs of lamb and retail packs eventually of venison and beef under the Pure South brand to go to retail.

    “But basically [Chen] wants to be the largest importer of sheep meat, to support his investment in processing facilities in the market.

    “Largely through us, and it will reach a level at some stage where we won’t be able to service it so then the next stage after that, which is a discussion we’re yet to have, is do we source it on their behalf,” said Brown.

    Surveyor said Alliance used to be a much larger company than Grand Farm, but the rapid growth of Grand Farm was a testament to the scale of the Chinese market.

    “There is some prospect that at some moment in time, we won’t be able to meet all of their needs, and so I think that creates that opportunity for us to perhaps be able to work with some of the other players in the New Zealand industry.”

    Grand Farm owns 96 meat shops, operates 260 branded meat counters in selected hypermarkets and supplies to over 1000 hypermarkets in China.

    Surveyor would not comment on the value of the deal, but said Alliance put about 20 per cent of its total volume into China.

    “We’re about $1.5 billion in turnover, and by far the majority of that is through Grand Farm.”

  • Smiggle’s global expansion accelerates

    Smiggle’s global expansion accelerates

    Billionaire businessman Solomon Lew has unveiled a new target of 100 new Smiggle UK stores by Christmas.

    A further 40 to 60 of the popular stationery stores are planned to open in the UK each calendar year from 2017 to 2019.

    Smiggle is the highlight of Mr Lew’s retail investment arm Premier Investments which owns seven brands, including its other core brand, designer sleepwear Peter Alexander.

    Mr Lew, the chairman of Premier Investments, said he was confident Smiggle would conquer the world.

    “This brand will be successful in every country in the world where there are children,” he said.

    “This market is going to grow and grow and become a world brand.”

    Smiggle’s global sales rose 46.5 per cent in the six months to January 30 with strong like-for-like sales in all four countries it trades in, including Australia, New Zealand and Singapore.

    Mr Lew said the standout was Smiggle UK which continued to trade ahead of expectations.

    The UK business had 42 stores by the end of the half and is on track to achieve 200 stores and $200 million in sales within five years.

    Smiggle’s rollout in Asia is also on track with its first Malaysian store to open in April and its first Hong Kong store set to open in May.

    Malaysia and Hong Kong is expected to have a total of 50 stores in five years.

    All of Premier Investments’ brands, including Just Jeans, Dotti, Portmans, Jacqui-E and Jay-Jays, recorded like-for-like sales growth in the first half.

    Peter Alexander’s sales grew 22.5 per cent, with eight new store openings in Australia and New Zealand during the half.

    Total group sales rose 15.1 per cent to $565 million and net profit climbed 26 per cent to $71.5 million in the half.

    Mr Lew said the company’s balance sheet was strong and the group remained open to potential future acquisitions.

    Premier’s shares closed 60 cents, or 4.1 per cent, higher at $15.31.

    PREMIER’S PROFIT JUMPS ON STRONG SALES:

    * Net profit up 26pct to $71.5m

    * Revenue up 15.1pct to $565m

    * Fully franked interim dividend up two cents to 23 cents

    SMIGGLE STORE COUNT IN FIRST HALF:

    * 126 in Australia

    * 23 in NZ

    * 18 in Singapore

    * 42 in the UK

  • Refurbished building in Auckland’s ‘China Town’

    Refurbished building in Auckland’s ‘China Town’

     

    A building in Mt Eden’s Dominion Rd, now leased to a karaoke and hospitality business, reflects the changing face of the area.

    The 500sq m premises comprising two inter-connected buildings, on 539sq m of land at 654-656 Dominion Rd, is being offered for sale with a new four-year lease to Base KTV Entertainment Ltd. It is producing net annual rental income of $96,000 plus GST.

    Featured in Bayleys’ Total Property portfolio, it is being marketed by Damien Bullick and Phil Haydock, Bayleys Auckland and is for sale by tender — closing on Tuesday, April 12 — unless sold prior by negotiation.

    “This is an excellent freehold investment opportunity in a popular commercial and residential location,” says Bullick. “It is centrally positioned in the bustling Balmoral retail strip, just south of Balmoral Rd, and benefits from a high-profile frontage to Dominion Rd as well as off-street parking for five cars at the rear, which can be accessed off Rocklands Ave.”

    TRUECOMM654 Dom Rd Interior.jpg

    The property is made up of two parts: the original single-level retail frontage on to Dominion Rd, believed to have been constructed in the 1950s, and a more modern two-level adjoining building which was built on the rear of the property in 1993.

    This adjoining building was designed by award winning Auckland architect Pip Cheshire and built by Haydn & Rollett Construction.

    In the mid 2000s the building was converted into a hospitality complex aimed at the local Chinese community with a pool hall, bar and restaurant at ground level, with karaoke rooms in the mezzanine level upstairs.

    China Town

    “This adaptation fitted in with the changing face of Dominion Rd which has become Auckland’s defacto “China Town”, and is now a thriving and eclectic mix of ethnic restaurants, entertainment venues and retail shops,” says Bullick.

    “The current occupant has shown a strong commitment to the property by investing a substantial amount on the refurbishment of the building’s interior to create an impressive, modern tenancy with upgraded kitchen and bathrooms facilities, additional mezzanine floor area and air-conditioning throughout.”

    TRUECOMM 654 Dom Rd another view.jpg

    Haydock says the property’s favourable zoning provides add-value potential. The Business 2 zoning and the Proposed Auckland Unitary Plan zoning of Business Local Centre both permit buildings of up to 12.5 metres (three levels). The proposed Local Centre zoning allows for commercial uses on the lower levels with residential above.

    “An increasing number of properties along Dominion and Mt Eden Roads now contain a mix of business and residential tenancies and there could be potential to further develop the site further down the track given its high profile city fringe location which offers handy access to public transport and is a short distance from Mt Eden Village and Auckland’s CBD. A thriving residential market in Balmoral /Mt Eden also adds to the long term desirability of this property.”

    Haydock says there is likely to be further significant development and rejuvenation in the surrounding area following the granting of a resource consent last year for The Warehouse to develop a 1.2ha site near the intersection of Balmoral Rd and Dominion Rd, also bordered by Rocklands Ave.

  • Tourism ministry promotes Wonderful Indonesia in Auckland Festival

    Tourism ministry promotes Wonderful Indonesia in Auckland Festival

    The Indonesian tourism ministry joined the Auckland International Cultural Festival to promote Wonderful Indonesia on March 20, I Gde Pitana, deputy tourism minister in charge of the international tourism market development, said here, Sunday.

    New Zealand is a potential tourism market that needs to be exploited optimally, according to him.

    The ministry will be more serious in exploiting market in New Zealand whose people have a high prosperity level, he stated.

    In the international festival, Indonesia would present cultural and art performances, he said.

    The Indonesian delegation to the festival is headed by Titik Lestari, head of a sub-department in charge of culinary and music, of the tourism ministry.

    The delegation includes members of the Sanggar Gea Asmara art group.

    “They will present traditional dances during the Auckland International Cultural Festival, such as Bajidor Kahot dance, Cendrawasih dance, Alusia dance, and Piring dance,” he said.
    (T.H016/Uu.F001)

  • Asian retail outlook: “more cautious”

    Asian retail outlook: “more cautious”

    High operating costs – particularly rents and labor in Asia – will ensure retailers are more cautious this year, concludes real estate specialist CBRE.

    In its annual Asian retail outlook, the company’s research department predicts many retailers will shift their strategic focus from expanding their store networks to rationalisation, improving in-store profitability and upgrading to better locations.

    That trend is expected across the broad Asia-pacific market, including Hong Kong.

    “Leasing activity will diverge across markets, with Australia, Japan and New Zealand the most upbeat, whereas Hong Kong and Singapore will continue to struggle,” CBRE concluded.

    “Driven by ongoing urbanisation and wage increases, Southeast Asia will also see solid leasing activity. Demand across the region will be led by food and beverage retailers, while affordable and niche luxury brands will also be active.”

    CBRE also warns the rise of online shopping will continue to force shopping malls to embrace ‘retail-tainment’ and adjust their trade mix to include more experience-oriented retailers to retain foot traffic. Around 63.8 million sqft of new shopping center supply is scheduled to be completed in 2016. Against the sluggish leasing demand and ample new supply, overall retail rents are forecast to experience a mild correction of below 1 per cent in 2016.

    In a broader property outlook, CBRE forecasts that due to Asia Pacific’s steady economic growth – which will continue to outpace the rest of the world in 2016 – investment activity in the region will remain solid, although activity will be limited by asset pricing and availability.

    “The region’s investment market will continue to see strong demand from real estate funds and institutional investors. Institutional investors will continue to invest in Asia Pacific to increase their exposure to real estate for strategic diversification,” said Dr Henry Chin, head of research, CBRE Asia Pacific.

    “That said, Asia Pacific will enter a period of slower growth in the commercial real estate market with activity likely to moderate over the course of the year as it becomes more challenging to source investable stock able to meet investors’ target returns. Interest rates will remain low in 2016 so yields are largely to remain stable across Asia Pacific. However, we are expecting to see a mild yield expansion in 2017 together with the rise in interest rates.”

    The economic slowdown in China – as well as higher-than-expected US interest hike rates, and currency volatility – will also remain a key concern for investors, given the scale of its impact across the whole region.

    “However, macro trends of urbanisation and the rise of the middle class remain largely unchanged and will continue to drive growth across Asia.

    “There are structural investment-themed opportunities for investors to focus on in 2016, such as the growth of e-commerce, regional tourism and demographic changes. Demographic changes will create opportunities in niche sectors such as self-storage facilities, senior and student housing, and data centers,” said Chin.

    “Regionally, active markets will continue to be led by Australia and Japan, whilst India expects to see a positive year following the relaxation of FDI norms at the end of last year.

    “China will also remain on the radar for most international investors although demand will be largely confined to tier I cities. Overall, the long-term outlook remains positive for the region,” he concluded.

    CBRE’s 2016 APAC Real Estate Market Outlook report can be downloaded here.

  • Lewis Road Creamery eyes China as potential export market

    Lewis Road Creamery eyes China as potential export market

    Lewis Road Creamery will make a final decision this year whether to export fresh organic milk into China’s Shanghai.

    The premium dairy brand company is also planning to release a number of product extensions and has already moved beyond dairy products into baked goods.

    Lewis Road had 340% growth in retail sales to $40 million of its butter, cream, organic milk, and flavoured milk products during 2015 – the year founder Peter Cullinane calls “the chocolate milk frenzy.”

    His big decisions this year include whether to get serious about exporting and how far to extend the product range beyond dairy. For the past couple of months the company has been trialling sales of Lewis Road Bakery premium kibbled grain bread in 12 Auckland retail outlets.

    Mr Cullinane says the company is exporting small amounts of butter to Australia and has been investigating a wider move, in particular fresh organic milk to Shanghai. Other markets under consideration include Australia, the UK, and the US, though he thinks the latter may be beyond the company’s current reach.

    One of the advantages of being a small operator under a majority owner is the company he founded in 2011 can make decisions more quickly than some of its larger rivals, Mr Cullinane says. “When we do [export], we will do it quickly.”

    But he thinks New Zealand companies are too focused on export, forgetting the local market.

    “We will export when we are doing New Zealand really well,” he says.

    The company’s phenomenal growth in chocolate milk sales, which on launch in 2014 saw queues in supermarkets and security guards overseeing allocation, has abated from 48% between the last quarter of 2014 and the first quarter of 2015 to more normal levels.

    “It was a once-in-a-blue-moon phenomenon,” he says. “But it was an extraordinary boost to the business.”

    Two million litres of chocolate milk were sold last year, with retail sales still a respectable $5.5 million in the fourth quarter of 2015. Discounted bottles have been spotted on sale of late, which Mr Cullinane attributes to an ordering glitch.

    Vanilla and coffee flavours were introduced when it extended flavoured milk into the South Island in October and he says other flavours will be added this year: think strawberry with real fruit.

    Other dairy brand extensions are planned in coming months, which Mr Cullinane prefers to keep under wraps for now but the cream range will have sour cream and crème fraiche added at some point.

    The company’s organic milk sales continue to grow despite increased competition, with Goodman Fielder releasing its own range of three premium organic milks under the Puhoi Valley brand last year and Fonterra launching Anchor Organic last May.

    At the time, Mr Cullinane labelled Goodman’s move “pathetic plagiarism” but has now mellowed to “all competition is good.”

    “The impact it will have is more a slowing down of growth,” he says. “It took us a long while to get well-established and others will struggle to catch up. We have a good head start.”

    Lewis Road holds half of the domestic organic dairy market, which has seen significant growth in the past two years, providing the bulk of increases in fresh milk sales.

    Problems with lack of supply during the dry season mid-2014 were avoided last year following the setting up of the Organic Dairy Hub farmer collective, which has long-term supply contracts at a premium price with the brand’s processor, Green Valley Dairies.

    Mr Cullinane says two key things he was mulling this year were “bringing the farmers market to the supermarket” with fresh premium products such as bread and honey, and meeting “customer demand for products that have more and better ingredients put back in.”

    He received a staff gift this Christmas – a bell that will sit on his desk. It’s an idea originating from the Guinness brewery company where staff ring the bell when things start going off track, he says.

    “Some products we will get wrong…that’s the price of experimentation, you just have to do it and hopefully nothing will be too wrong.”

    (BusinessDesk)

  • Specsavers tops in Asia-Pacific region

    Specsavers tops in Asia-Pacific region

    The staff at Specsavers Gisborne have been named the best customer service team in the whole Asia-Pacific region.

    Just four months after the Gladstone Road store was named as Retail New Zealand’s overall customer service winner at its Top Shop Awards, the Federation of Asia-Pacific Retailers Association (FAPRA) recognised Specsavers Gisborne by awarding the store its top customer service excellence award.

    Specsavers Gisborne co-director Tania Richards said she was thrilled to win the award “on behalf of New Zealand”.

    “Seventeen countries go in for the awards. They all have their conferences and put their best stores forward. Retail NZ entered us into the awards as the best in New Zealand and we got the Best Country award on behalf of Retail NZ.”

    Ms Richards put the award down to the attitude of staff, which had been on display during a “mystery shop” conducted by an undercover examiner.

    “So that’s really good. We try hard to provide good customer service.”

    The FAPRA Awards take place every two years and involve retailers nominated by 17 national retail associations across Singapore, Thailand, Malaysia, Indonesia, Vietnam, the Philippines, China, Hong Kong, Chinese Taipei, Japan, Korea, Australia, New Zealand, India, Mongolia, Fiji and Turkey.

    The staff at Specsavers Gisborne have been named the best customer service team in the whole Asia-Pacific region.

    Just four months after the Gladstone Road store was named as Retail New Zealand’s overall customer service winner at its Top Shop Awards, the Federation of Asia-Pacific Retailers Association (FAPRA) recognised Specsavers Gisborne by awarding the store its top customer service excellence award.

    Specsavers Gisborne co-director Tania Richards said she was thrilled to win the award “on behalf of New Zealand”.

    “Seventeen countries go in for the awards. They all have their conferences and put their best stores forward. Retail NZ entered us into the awards as the best in New Zealand and we got the Best Country award on behalf of Retail NZ.”

    Ms Richards put the award down to the attitude of staff, which had been on display during a “mystery shop” conducted by an undercover examiner.

    “So that’s really good. We try hard to provide good customer service.”

    The FAPRA Awards take place every two years and involve retailers nominated by 17 national retail associations across Singapore, Thailand, Malaysia, Indonesia, Vietnam, the Philippines, China, Hong Kong, Chinese Taipei, Japan, Korea, Australia, New Zealand, India, Mongolia, Fiji and Turkey.

  • Soap Opera Productions opens its first Honeybunch Handmade store in Hong Kong

    Soap Opera Productions opens its first Honeybunch Handmade store in Hong Kong

    New Zealand manufacturer of soaps and body products, Soap Opera Productions Limited, announced today (November 16) that it has opened its first retail store in Hong Kong, Honeybunch Handmade, in response to strong demand for quality personal care products in the region.

    The new retail storeat Aberdeen Street in Central offers New Zealand handmade soaps, bodycare products as well as flower bouquets. According to the Managing Director, Mrs Lisa Jolly, Soap Opera Productions has been developing soap products for a Chinese retailer starting with only one store and now having over 20 stores in Mainland China.

    She said, “Through this business partnership, we gained the know-how and expertise in developing soap products that are suitable for the Chinese market, therefore we decided to launch our own brand in Hong Kong. Hong Kong is an international city famous for its breadth of retail choices.

    It gives new brands great exposure to residents, business traders and visitors. It is the best place from which to promote our New Zealand handmade gift and floral concepts to the world.”

    She added, “I am impressed with Hong Kong’s fabulous logistic services. It offers exciting opportunities for us to extend our customer reach beyond Hong Kong through e-commerce.

    Our online store supports delivery to worldwide customers.”

    The Associate Director-General of Investment Promotion, Dr Jimmy Chiang, said, “Being a free port and logistics hub, Hong Kong is able to efficiently support both online and offline business operations. It offers tremendous opportunities to companies that use Hong Kong as their sales and distribution centre in Asia. Soap Opera Productions has extended its business model from a manufacturer to a retailer and we are happy that the company has chosen Hong Kong as its first overseas location.

    We wish the company every success in Hong Kong.”

  • Apple IPhone 6s, IPhone 6s Plus To Be Available At Retail Stores From Friday

    Apple IPhone 6s, IPhone 6s Plus To Be Available At Retail Stores From Friday

    Apple Inc. said Monday that its latest smartphones, the iPhone 6s and iPhone 6s Plus, will be available at the technology giant’s retail stores at 8 a.m. local time on Friday, September 25.

    The company also noted that more than 50 percent of existing devices have upgraded to iOS 9, its newest mobile operating software that was rolled out last week, marking the fastest iOS adoption ever.

    Apple said its retail stores will have the new iPhones available for walk-in customers, who should arrive at a store early. Both models will also be available on Friday from AT&T Inc. ( T ), Sprint Corp. ( S ), T-Mobile US Inc. ( TMUS ), Verizon Wireless, additional carriers and select Apple authorized resellers.

    Philip Schiller, Apple’s senior vice president of Worldwide Marketing said, “Customer response to the iPhone 6s and iPhone 6s Plus has been incredibly positive, we can’t wait to get our most advanced iPhones ever into customers’ hands starting this Friday. iOS 9 is also off to an amazing start, on pace to be downloaded by more users than any other software release in Apple’s history.”

    In early September, Apple unveiled its iPhone 6s and iPhone 6s Plus smartphones with a faster processor, new 3D Touch capabilities and an improved camera, seeking to woo customers ahead of the holiday season and to assuage investors that its flagship device still has the mojo to sustain growth.

    The phones, which look like their predecessors, are powered by A9 chip, have a new feature called 3D Touch that lets users make commands as well as avail shortcuts and menus by pressing down on the screen.

    Last Monday, Apple said it is on track to beat last year’s record for first weekend sales of iPhone 6 and 6 Plus, when sales breached the 10 million mark within just three days of its sales launch on September 19, 2014.

    The iPhone 6s and iPhone 6s Plus will be available in gold, silver, space gray and the new rose gold metallic finishes for $0 down, with 24 monthly installment payments that start at $27 and $31 respectively, from Apple’s retail stores in the U.S., Apple.com, select carriers and Apple authorized resellers.

    Both the smartphone models will also be available from Friday in Australia, Canada, China, France, Germany, Hong Kong, Japan, New Zealand, Puerto Rico, Singapore, the UK and the U.S. The iPhone will be available by reservation only in China, Hong Kong, Japan and U.S. stores in tax-free states.

    Starting this Saturday, September 26, customers will be able to visit Apple.com to reserve their iPhone for pick-up at their local Apple Store, based on availability. Apple noted that most Apple stores will also have iPhone available for walk-in customers each day.

    Every customer who buys an iPhone 6s or iPhone 6s Plus at an Apple retail store will be offered free Personal Setup to help them customize their iPhone by setting up email and show them new apps from the App Store.

    Apple-designed accessories, such as leather and silicone cases in different colors and Lightning Docks in color-matched metallic finishes, will also be available.

    While unveiling the iPhone 6s and iPhone 6s Plus earlier in September, Apple had said that the devices will come with iOS 9, which would be available as a free software update.

    iOS 9 brings more features to iPhone with a Proactive assistant that is similar to Android’s Google Now service, powerful search and improved Siri features, along with an improved security feature.

    Built-in apps on iOS 9 feature redesigned Notes app, detailed transit information in Maps, and a new News app that displays news from several sources.

    AAPL is trading at $114.33, up $0.88 or 0.78 on a volume of 4.44 million shares.

     

     

  • Fonterra opens $37m blending and packing plant in Indonesia

    Fonterra opens $37m blending and packing plant in Indonesia

    New Zealand dairy giant Fonterra has opened a new $37m blending and packing plant in Indonesia.

    Said to be Fonterra’s first manufacturing facility in the country, the plant uses the company’s manufacturing design standards and technology.

    The plant is capable of packing close to 16,000mt of dairy ingredients annually and it will allow Fonterra to meet growing demand for nutrition in the country.

    The company says that the capacity is equivalent to nearly 87,000 packs of Anlene, Anmum, and Anchor Boneeto per day.

    When fully operational, the plant will employ 160 local people.

    The investment, which is Fonterra’s largest investment in ASEAN in the past 10 years, will boost the growth of Fonterra’s brands including Anmum, Anlene and Anchor Boneeto.

    Construction on the plant at Cikarang in West Java commenced in March 2014.

    Fonterra Asia, Middle-East, Africa managing director Johan Priem said: “The country’s large and increasingly affluent population is looking for highly nutritious foods for all ages.

    “This is fuelling dairy demand growth which is expected to increase by five per cent every year to 2020.

    “The site also utilises Cikarang’s dry port, allowing us to ensure all of our operations are located in one area. This will help us drive logistical efficiencies.”

    New Zealand Minister of Local Government, Social Housing and State Services Paula Bennett said that the new facility reflects the strength of the relationship between New Zealand and Indonesia.

    “Our governments have set a target to grow two-way trade to NZD4 billion by 2024 and dairy continues to be a critical part of this relationship,” added Bennett.