Fisher & Paykel Appliances Holdings Limited (/ˈpaɪkəl/) is a major appliance manufacturer founded in 1934.[3] It is a subsidiary of Chinese multinational home appliances company Haier[3] and is based in East Tāmaki, New Zealand.
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Major appliance |
| Founded | 1934 |
| Founder |
|
| Headquarters | , New Zealand |
Area served | |
Key people | Daniel Witten-Hannah (CEO) Liang Haishan (chairman) |
| Products | Major appliances |
| Revenue |  NZ$1.029 billion (2010).[1] |
| NZ$29.419 million (2010)[1] | |
| NZ$17.95 million (2010)[1] | |
Number of employees | 4000+[2] |
| Parent | Haier |
| Website | www.fisherpaykel.com/ |
Originally an importer of domestic refrigerators,[3] Fisher & Paykel now holds over 420 patents and bases its identity on innovative design, particularly in the areas of usability and environmental awareness.[4]
The company's trademarked appliances include Active Smart refrigerators, AeroTech ovens, DishDrawer dishwashers, Smart Drive washing machines and Smartload top loading dryers. The company also manufactures gas and electric cooktops.[5]
In 2004, Fisher & Paykel Appliances purchased the United States–based cookware manufacturer Dynamic Cooking Systems, and Italian cookware company Elba in 2006.
Fisher & Paykel had grown into a global company operating in 50 countries and manufacturing in Thailand, China, Italy and Mexico.[6] The company had a manufacturing base in Australia for almost 20 years and nearly 70 years in New Zealand, but stated it can no longer compete with low cost labour countries and had to close them.[7][8]
In 2012, Haier purchased over 90% of Fisher & Paykel Appliance shares. No changes in manufacturing or board of directors were made.[9]
History
editFisher & Paykel Appliances Ltd was listed publicly in 2001, following the separation of Fisher & Paykel Industries Ltd into Fisher & Paykel Healthcare Ltd and Fisher & Paykel Appliances Ltd that same year.[citation needed]
Fisher & Paykel Industries
editFisher & Paykel Industries Ltd was founded in 1934 in New Zealand by Sir Woolf Fisher and Maurice Paykel.[citation needed] The company publicly listed in 1979 with authorised capital of NZ$ 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.[citation needed]
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.[citation needed]
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.[citation needed]
The company began exporting within Australasia and East Asia around 1968. At that time the company also manufactured cabinets, sparkplugs and televisions.[citation needed]
During the 1980s, the company became more focused on research and development,[citation needed] resulting in the development of the ECS direct drive mechanism washing machine affectionately known as 'Gentle Annie' and highly automated production lines.[citation needed] In 1989, the company opened its first overseas manufacturing facility in Cleveland, Australia.[citation needed]
The company entered the European market in 1992, and by 1994 was exporting to over 80 countries.[citation needed]
Fisher & Paykel Appliances
editOn 12 November 2001, Fisher & Paykel Industries split into Fisher & Paykel Appliances Holdings Ltd and Fisher & Paykel Healthcare Corporation Ltd.[citation needed]
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.[citation needed]
In June 2006, the Italian cookware business Elba was acquired from DeLonghi for €78 million (NZ$158 million).[10] Elba has been since renamed as Fisher & Paykel Appliances Italy S.p.A.[11][irrelevant citation] and exports to over 54 countries, focusing on the UK market.[citation needed]
Fisher & Paykel makes a relatively broad range of mid to high end dishwashers. Its notable drawcard to the Fisher & Paykel brand is the DishDrawer dishwasher. Most dishwasher brands don't offer drawer-style dishwashers, so Fisher & Paykel is the leader for this niche design. In 2018, Australian customers gave Fisher & Paykel 4 out of 5 stars for overall customer satisfaction for dishwashers.[citation needed]
Current products
editFisher & Paykel Appliances currently manufactures cooking, laundry and whiteware appliances. The company's flagship product is the DishDrawer double drawer dishwasher which it claims washes dishes more efficiently than standard dishwashers or hand washing.[citation needed]
The current Fisher & Paykel-branded product range includes built-in ovens, electric cooktops, dishwashers, dryers, freezers, ranges, rangehoods, refrigerators and washing machines.[citation needed]
A large number of Fisher & Paykel products utilise microprocessor and brushless DC electric motor technology from production line equipment to improve efficiency.[12][irrelevant citation]
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.[citation needed]
References
edit- ^ a b c "Annual Report 2010" (PDF). Fisher & Paykel Appliances Holdings Limited. 2010.
- ^ "Statement made pursuant to the Modern Slavery Act 2018 (Cth)" (PDF). Fisher & Paykel Australia Pty Ltd.
- ^ a b c "1934, Woolf Fisher and Maurice Paykel". NZ Herald. 12 November 2013. Retrieved 9 September 2024.
- ^ "Fisher and Paykel". Better by Design NZ. Archived from the original on 5 October 2007.
- ^ "New Zealand Consumer site". Fisher & Paykel Appliances.
- ^ "About Fisher & Paykel Appliances Europe". www.fisherpaykel.com. Retrieved 15 March 2019.
- ^ "Fisher and Paykel to shut Aust operations - ABC News (Australian Broadcasting Corporation)". mobile.abc.net.au. 17 April 2008. Retrieved 15 March 2019.
- ^ "Fisher & Paykel closes NZ fridges factory". The Sydney Morning Herald. 5 April 2016. Retrieved 15 March 2019.
- ^ Howard, Rebecca (6 November 2012). "Haier Obtains More Than 90% of Fisher & Paykel Shares". The Wall Street Journal. wsj.com.
- ^ "Fisher & Paykel launches Italian-made cooking appliances". Current.com.au. 23 April 2007. Archived from the original on 6 July 2011.
- ^ "Annual Report 2006/07". Fisher & Paykel Appliances Holdings Limited. 2007. Archived from the original on 9 March 2016.
- ^ "Our Products". Fisher & Paykel Appliances. Archived from the original on 18 June 2016.