Rheem cautious
PA Auckland Rheem New Zealand, Ltd,’s turnover and profit for the first two months of the current year were ahead of last year’s levels, the chairman, Mr J. G. Forsythe, told the company’s annual meeting yesterday. He said all four divisions were ahead. The company had already been affected by the price freeze and targets would be
more difficult to achieve in the current year. Asked if Closer Economic Relations with Australia would result in some of the company’s manufacturing operations. being transferred to Australia, he said that freight rates would prevent this for the company’s traditional product range, which was bulky and heavy. CER could open up good market opportunities for the plastic division’s products.
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Press, 1 September 1982, Page 23
Word Count
118Rheem cautious Press, 1 September 1982, Page 23
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