Sharechat Logo

Tourism Holdings' campervan maker cleared to expand

Friday 31st August 2018

Text too small?

Tourism Holdings’ campervan manufacturing business has been cleared to acquire a new site to expand its operations in Hamilton.

Action Manufacturing is acquiring a leasehold interest in 1.5 hectares of land at Te Rapa for $8.6 million, the Overseas Investment Office says. The company, half-owned by Tourism Holdings, needed OIO clearance due to the site’s size and its location next to a recreation reserve.

“The applicant intends to develop the land into a multifunction manufacturing environment that will allow it to increase production, resulting in additional jobs, exports and development capital to modify and develop the land,” the OIO said in a statement.

“The applicant plans to relocate its Hamilton premise to the land to allow manufacturing growth and meet increasing export demand in Australia.”  

Tourism Holdings is the biggest seller and renter of campervans New Zealand and Australia, and the second-largest in the US. It also runs the Kiwi Experience and Discover Waitomo group of tourist attractions.

In the June year just ended THL bought or built 2,755 campervans, 14 per cent more than a year earlier. More than half came from Action Manufacturing.

Action has plants in Hamilton and Auckland and employs more than 200 staff. The firm, which also makes ambulances, light buses and other specialist vehicles, contributed about $2.9 million to THL's group full-year result.

Earlier this week Action announced the purchase of Auckland-based Fairfax Industries, a maker of refrigerated truck and trailer units, as part of a strategy to expand into large commercial vehicles.


  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

MARKET CLOSE: NZ shares dip as global trade jitters weigh on A2, F&P
NZ dollar set for weekly gain after Reserve Bank surprise
Burger Fuel exploring sale after review questions listing merits
New net migration data to remain rubbery for quite some time
NZX to push sales this year after reshaping business dents 2018 profit
Slowing new orders growth weighs on January PMI
New NZ dry dock a basis for new industry - KiwiRail
Wellington Drive beats 2H sales forecast, will meet earnings guidance
NZIQS decides more training is the answer to past president's misconduct
February 15th Morning Report

IRG See IRG research reports