While Papua New Guinea’s economy has slowed in the past year, many of the country’s manufacturers continue to see growth as the longer-term trend, and are investing in new plant, new products and new marketing approaches.
Manufacturing
Cheap imports into Papua New Guinea are posing an increasing threat to local producers, with reports of foreign companies ‘dumping’ goods in PNG or under-declaring the value of imports.
Lae-based food manufacturer Prima Smallgoods has recently completed a K40 million (US$15.82 million) upgrade to its manufacturing operations. It’s all about the longer term, General Manager Adrian Chow tells Business Advantage PNG.
Lae-based plastics, chemicals and consumer products manufacturer K K Kingston anticipates a productive 2014 after returning to its core business in 2013. Business Advantage PNG caught up with Michael Kingston, its General Manager.
Papua New Guinea’s oldest manufacturing company, Paradise Foods, is marking its 80th year of operations this year, after its humble beginnings as a small town bakery in 1933. Behind the quiet celebrations are big expansion plans, Managing Director David Peate tells Business Advantage PNG.
Papua New Guinea’s retailers and manufacturers alike reporting significant drops in revenue this year. How serious is the downturn?
Global food giant Nestlé began importing noodles into Papua New Guinea in the late 1970s and is now one of PNG’s major manufacturers. How does it do business in PNG? Business Advantage PNG asked the Managing Director of Nestlé Pacific Islands, Eugene David.
Papua New Guinea’s very own gourmet chocolate may have only been on sale for a few weeks, but its production line has already been honoured with a visit from the recent business delegation that accompanied the Thai Prime Minister.
One of PNG’s largest and most diversified companies has a new Managing Director. We caught up with Steamships’ Geoff Cundle (pictured below) a few weeks into his new job.
Magazine showcases Papua New Guinea’s produce and producers