N E W S
Some 55% of
Kiwis envisage
asking for a pay
rise
A hefty 55% of skilled professionals
say they intend to ask for
a pay rise in their next review,
according to the 2018-19 Hays
Salary Guide.
In comparison, in their last review
22% of employees successfully
asked for a pay rise and 16% did
so but were unsuccessful.
This follows news that salary
increases will be thin on the
ground this year.
In response, two-thirds (69%) of
employees say a salary increase
is now their number one career
priority.
16 July 2018
Why China is increasing infrastructure investment in NZ
While the Chinese economy is slowing
overall, stronger growth is being recorded
on the consumption and services side
of the economy. However, a re-balancing
away from infrastructure investment inside
China is being matched by a growing
appetite to invest in infrastructure in
places like New Zealand.
That’s the message Milford Asset Management
portfolio manager David Lewis
has brought back from a visit to study
the investment environment in China.
“The Chinese are trying to rebalance their
economy away from fixed investment and
towards services and consumption,” he
said in an online interview. “It’s a move
towards a more Western-style economy
where you’ve got people spending
money on restaurants, financial services,
health, education and retail, which would
typically be 70% of most economies in
the West. In China that portion is still
only about 40%.”
However, he sees a marked increase in
China’s interest in funding and physically
building infrastructure projects in New
Zealand.
“The Chinese Government is trying to
direct the outward investment of its
companies towards a number of foreign
countries, including New Zealand. And
the interest isn’t just in investing in New
Zealand infrastructure projects but also in
doing the actual building and construction
– including bringing labour in to do it.”
Lewis acknowledges that “this type of
foreign investment in the New Zealand
economy is always going to be met with
some resistance in certain quarters.
But New Zealand does have a heavy
infrastructure need at the moment and
we’ve got a limited number of options
to deliver it, given the limited number of
major infrastructure players here – and
that’s particularly the case now that
Fletcher Building has pulled back from its
infrastructure division. So, we need to look
at a number of creative – including foreign
– options to deliver our infrastructure.”
He says that our willingness to accept
Chinese involvement in local infrastructure
projects has to be seen in the wider
context of a vital trading relationship.
“China is a hugely important export
market for New Zealand. Some of our
biggest sharemarket success stories,
such as A2 Milk, have done hugely well
out of exporting to China, so we can’t have
that trade relationship all one way. If they
want to come here and help deliver some
infrastructure, that’s potentially the quid
pro quo for us exporting so much of our
agricultural products to China.”
Hoist and crane power in your hands J D Neuhaus (JDN), a world leader in
air hoists, cranes, trolleys and monorail
hoists, has further enhanced its remote
control capabilities. This innovation will
bring exceptional ease-of-use and convenience
to users across all industries.
Three remote control models are now
available, RC-X, RC S and RC-SP, each
comprising a transmitter and receiver
and all can either be integrated in existing
JDN solutions or directly combined with
a new JDN hoist.
One of the many advantages of the new
JDN receiver is its rigid and extremely
compact design. All components are
housed in a space-saving, shock-resistant
GRP (glass-reinforced plastic) casing
featuring protection class IP65 (dust and
water protected). A breathable membrane
guides any condensation away from the
interior to the exterior. The design also
offers seawater-resistance for offshore
applications. The radio remote control
model RC-X is even suitable for the use
in potentially explosive environments
rated up to ATEX zone 2/22.
Consideration has also been given to
ease-of-installation. Even existing JDN
hoists and cranes can be retrofitted
thanks to the standardised interface of
the JDN RC. The receiver can be mounted
directly on the hoist or the trolley, or
individually at site. The compact design
of the receiver makes it even suitable for
hoists with low carrying capacity.
Individual solutions according to specific
customer needs are available. Up to 20
hours of use is possible before recharging
of the portable transmitter is required.
Perfect for covering long distances
between hoist and operator, the JDN
RC represents a sensitive alternative to
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addition, it can be used in hard-to-reach
places and for simultaneous control of
multiple hoists.
Oops…
what a mix up
The incorrect picture was with a
story about Portamix in the June
issue of NZ Engineering News.
The new rebranding – and the
correct image – is below.
KNOBS &
HANDLES
Extensive range
in stock, fast
delivery
• Knobs & handles
• Handwheels
• Levers
• Adjustable feet
H_2370
Available from
Hi-Q Electronics Limited
engineering@hiq.co.nz
0800 766 709
www.hiqknobs.co.nz
/www.hiqknobs.co.nz
link