Boosting further confidence into the industry, Sleepyhead Manufacturing is planning a new $45 million factory.
Sleepyhead has been in the market for 78-years now. It is a private company owned by the Turner family. It already has constructed manufacturing facilities in Christchurch, Sydney and Melbourne during the last two years.
Today the Commerce Commission has filed proceedings in the High Court against Carter Holt Harvey Limited for price fixing in the Auckland timber market.
Carter Holt Harvey Limited is Australasian forest products Company focusing on wood importing and exporting as well as forestry investments.
Carter Holt Harvey which is owned by Graeme Hart's Rank Group, and Fletcher Building the country's largest listed company, admitted to the Commerce Commission that they decided to fix prices for structural timber for a number of commercial customers in Auckland in late 2012 and early 2013.
Five of New Zealand's video game makers have been praised in the listing of major international 'Best of 2013' .
West Auckland-based Grinding Gear Games has won GameSpot's PC Game of the Year Award for its Path of Exile where as Turbo Racing League by Wellington-based PikPok has been awarded the runner-up for Apple's Best of 2013 Game of the Year.
According to a new report, alcohol law has been reinforced for children less than 18 years of age. According to this law, parents and friends have been warned by researchers from the Massey University to develop strategies to reduce social supply in anticipation of this law change.
The Auckland Airport and the Auckland Taxi Association (ATA) have arrived to a settlement regarding the working conditions of taxi drivers.