The Scanpower Family
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.
In 2008 following the closure of the Oringi freezing works, Scanpower purchased the facility. Subsequent to this the company has developed the site into a business park and established a new operating division, Oringi Cold Stores, using the temperature controlled buildings located therein. Oringi Business Park now has numerous tenants including a major carpet manufacturer and an agricultural fertiliser production facility. Scanpower is in the process of establishing new office facilities at Oringi and will relocate from Dannevirke in July 2010.
www.oringipark.co.nz
Subsequent to this the company has developed the site into a business park and established a new operating division, Oringi Cold Stores, using the temperature controlled buildings located therein.
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.
www.kiwisockcompany.co.nz
RESEARCH INTO
MICROGENERATION &
EMERGING ENERGY
PRODUCTS
We have invested time and funds in researching emerging energy products, including micro-wind turbines and solar related technologies.
