Companies continue to assess impact of earthquake

Wednesday 23rd February 2011

The impact of the Christchurch earthquake on business continued to be revealed in announcements from companies. The following is a summary of announcements today:

- Pyne Gould Corp said it is focused on recovering people trapped in its building.

- PGG Wrightson said all of its operations were open and it had experienced no obvious infrastructure damage.

- The National Property Trust said its Eastgate Shopping Centre was damaged and would be closed for an extended period. The centre is insured.

- SkyCity Entertainment Group said the Christchurch Casino had only suffered superficial damage.

- L&M Energy said its Christchurch office had been disrupted and its functions had been shifted to Wellington.

- Kathmandu Holdings said its Christchurch stores, distribution centre and head office were affected by the earthquake.

- Teamtalk said its mobile radio network continued to operate and no staff were injured.

- Turners & Growers said its business sustained only minimal damage.

- Greenstone Energy said its storage tanks at Lyttelton Port of Christchurch were in relatively good shape but it was diverting a tanker to Timaru.

- Lyttelton Port of Christchurch said the port has sustained further damage which was still being assessed.

- Electronic payments operator Paymark said the delays in communications networks that affected Eftpos services around the country yesterday had been resolved. Christchurch services were affected by power and equipment issues.

- Mainfreight said its operations in Christchurch were less affected than in the September 4 earthquake.

- Scott Technology said its facilities in Christchurch received only superficial damage and it was working to ensure machinery was safe to operate.

NZPA

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