Fisher & Paykel
 | |
| Type | Public |
|---|---|
| Traded as | NZX: FPA |
| Industry | Major appliance |
| Founded | 1934 |
| Founder(s) |
Maurice Paykel & Sir Woolf Fisher |
| Headquarters | East Tamaki, Auckland, New Zealand |
| Area served | New Zealand, Australia, United States, Italy, Lebanon |
| Key people |
Stuart Broadhurst, Managing Director and CEO Keith Turner Chairman |
| Products | Major appliances |
| Revenue |
 NZ$1.412 billion (2007)[1] |
| Operating income |
 NZ$93.818 million (2007)[1] |
| Profit |
NZ$61.180 million (2007)[1] |
| Employees | 3300[2] |
| Website | www.fisherpaykel.com/ |
Fisher & Paykel /ˈfɪʃər.ænd.ˈpaɪkəl/ is a major appliance manufacturing company based in East Tamaki, New Zealand.
Originally an importer of domestic refrigerators,[3] Fisher & Paykel now holds over 420 patents[4] and bases its identity on innovative design, particularly in the areas of usability and environmental awareness.[5]
The company's trademarked appliances include Active Smart refrigerators, AeroTech ovens, DishDrawer dishwashers, Smart Drive washing machines and Smartload top loading dryers. The company also manufactures gas and electric cooktops.[6]
Fisher & Paykel products are available in more than 80 countries worldwide.[3] The company has manufacturing plants at Auckland in New Zealand; Cleveland in Australia; Huntington Beach and Clyde, United States; Treviso, Italy; Rayong, Thailand; and Reynosa, Mexico.
In 2004, Fisher & Paykel Appliances purchased the United States based cookware manufacturer Dynamic Cooking Systems, and Italian cookware company Elba in 2006.
Fisher & Paykel Appliances announced the closure of three manufacturing facilities in Dunedin - New Zealand, Cleveland - Australia and Huntington Beach - USA on 17 April 2008.[7]
In 2012, Haier has purchased over 90% of Fisher & Paykel Appliance share.[8]
History
Fisher & Paykel Appliances Ltd was listed publicly in 2001, following the separation of Fisher & Paykel Industries Ltd into Fisher & Paykel Healthcare Ltd and Fisher & Paykel Appliances Ltd that same year.[3]
Fisher & Paykel Industries
Fisher & Paykel Industries Ltd was founded in 1934 by Sir Woolf Fisher and Maurice Paykel.[3] The company publicly listed in 1979 with authorised capital of NZ$ 40 million.
Initially the company was an importer of Crosley appliances, Maytag and Pilot products; in 1938 the company began manufacturing Kelvinator washing machines under license. This followed the introduction of tariffs by the First Labour Government of New Zealand.[9]
In 1956, manufacturing was moved to a purpose-built factory in Mount Wellington, Auckland. This facility included flexible machinery manufacturing techniques developed in tandem with the raw material suppliers, enabling Fisher & Paykel Industries to greatly increase production.
In 1955, Fisher and Paykel acquired Dunedin electric oven manufacturer H. E. Shacklock Ltd, which dominated the New Zealand domestic appliance market through the era of Government protectionism. Subsequently, the Shacklock brand was gradually withdrawn from the Fisher and Paykel product range.
The company began exporting within Australasia and East Asia around 1968. At this time the company also manufactured cabinets, sparkplugs and televisions.
During the 1980s the company became more focussed on research and development,[3] resulting in the development of the ECS direct drive mechanism washing machine and highly-automated production lines.[9] In 1989, the company opened its first overseas manufacturing facility in Cleveland, Australia.
The company entered the European market in 1992, and by 1994 was exporting to over 80 countries.[3]
Fisher & Paykel Appliances
On 12 November 2001, Fisher & Paykel Industries split into Fisher & Paykel Appliances Holdings Ltd and Fisher & Paykel Healthcare Corporation Ltd.[3]
In October 2004, Fisher & Paykel Appliances acquired Dynamic Cooking Systems Inc, a United States manufacturer and distributor of cooking appliances. Dynamic Cooking Systems was acquired for US$33 million (NZ$49.3 million) in a debt-free state, allowing the company to leverage market presence while maintaining its quality of engineering.
In June 2006, the Italian cookware business Elba was acquired from DeLonghi for €78 million (NZ$158 million).[10] Elba has been since been renamed Fisher & Paykel Appliances Italy S.p.A.[1] and exports to over 54 countries, focusing on the UK market.
Fisher Paykel's flagship Dishwashers get mixed reviews for reliability, but seem to have more problems than average, as commented in trade reviews [11] and consumer reviews [12]
The poor reliability record of dishwashers is confirmed in a 2010 Appliance Reliability survey by Consumer New Zealand of nearly 19,000 customers. Other Fisher & Paykel products fare better.[13]
Current products
Fisher & Paykel Appliances currently manufactures cooking, laundry and whiteware appliances. The company's flagship product is the DishDrawer double drawer dishwasher which is claimed to wash dishes more efficiently than standard dishwashers or hand washing.
The current Fisher & Paykel-branded product range includes built-in ovens, electric cooktops, dishwashers, dryers, freezers, ranges, rangehoods, refrigerators and washing machines.
A large number of Fisher & Paykel products utilise microprocessor and brushless DC electric motor technology from production line equipment to improve efficiency.[14]
The company's trademarked brushless motor-based performance features include Smart Drive washing machines, SmartLoad Dryers and DishDrawer dishwashers. Microprocessor-based control systems form the basis of Active Smart refrigerators and AeroTech ovens.
References
- ↑ 1.0 1.1 1.2 1.3 "Annual Report 2006/07". Fisher and Paykel Holdings Limited.
- ↑ "Fisher & Paykel Appliances - Parent Company".
- ↑ 3.0 3.1 3.2 3.3 3.4 3.5 3.6 "Business History Project timeline". The University of Auckland.
- ↑ "Global F&P Appliances patents". Delphion.
- ↑ "Fisher and Paykel". Better by Design NZ.
- ↑ "New Zealand Consumer site". Fisher & Paykel Appliances.
- ↑ "New Zealand Sharemarket Announcement". NZX.com.
- ↑ "Haier Obtains More Than 90% of Fisher & Paykel Shares". wsj.com.
- ↑ 9.0 9.1 "Business History Project profile". The University of Auckland.
- ↑ "Fisher & Paykel launches Italian-made cooking appliances". Current.com.au. 23 April 2007.
- ↑ "Fisher & Paykel Dishdrawer". ukwhitegoods.co.uk. 29 June 2005.
- ↑ "Fisher and Paykel DD 603 Double Drawer Reviews". .reviewcentre.com. 2005-2010.
- ↑ "F&P lags behind in appliances surveys". TVNZ. 10 May 2010.
- ↑ "Our Products". Fisher & Paykel Appliances.
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