OUR OTHER INVESTMENTS
As part of our growth and development strategy, Scanpower has sought to identify new investment opportunities that both generate commercially appropriate returns whilst adding value to the economy of our local community. Some examples of recent projects are described below.
Ruahine Club Renovation / MCI Premises
In 2006 Scanpower purchased the historic Ruahine Club building in Dannevirke. We then undertook a significant programme of renovations and remodelling to convert the premises into modern office facilities. In 2007, regional accountancy firm MCI & Associates took up a lease on the premises and have operated successfully from there since.
Kiwi Sock Company Limited
In 2007 Scanpower entered into a three way joint venture initiative to purchase and takeover the Norsewood based manufacturing facility previously operated by Norsewear. This business now trades as the Kiwi Sock Company, supplying high quality socks, gloves and hats to customers in New Zealand, Australia and North America.
Research into Microgeneration and Energy Related Products
In recent years Scanpower has invested time and funds in researching emerging energy products, including micro-wind turbines and solar related technologies.