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The closure comes at the same time it has announced its newly acquired manufacturing plant in Mexico and is bolstering existing plants in Thailand and Italy.
Even though the company posted a profit after tax for the six months ended 30 September 2007 of 18.7 per cent up on the previous corresponding period at $32.305 million, it seems manufacturing costs in Australia, New Zealand and the US were just not as attractive as those in Mexico or Thailand.
The company said as much in a statement: "These [plant closures] savings will help ensure that Fisher & Paykel is both globally competitive and remains at the leading edge of technological innovation and appliance design".
