Monday, 20 August 2018

Announcement

GENERAL: FPH: FPH Building Programme Underway in New Zealand

18 Dec 2017 09:44NZX
FISHER & PAYKEL HEALTHCARE BUILDING PROGRAMME UNDERWAY IN NEW ZEALAND
Auckland, New Zealand, 18 December 2017 - Fisher & Paykel Healthcare
announced today that it has signed a building construction contract with
Leighs Construction for the fourth building on its Auckland campus.

The new building will have a total gross floor area of 35,700m2 and consist
of a mix of R&D, pilot manufacturing and warehousing areas. Groundworks have
been substantially completed, and construction will commence in late January
2018, with an expected operational date of 2020.

The new building will bring Fisher & Paykel Healthcare''s Auckland campus to a
total of four buildings. The 42 hectare grounds currently host 2,300
employees, more than half of the company''s total global people of 4,100. The
new building will accommodate expected growth until around 2023.

"The new building will be an exciting addition to our campus," said Jonti
Rhodes, General Manager Supply Chain, Environment & Facilities. "The blend of
R&D, manufacturing and warehousing that we have in our existing buildings
gives us a very open working environment and helps us work collaboratively
across functional groups. It''s a unique, modern way of working that we are
looking forward to developing further in the new building."

The company has also commenced a building programme in Tijuana, Mexico, where
construction of a second manufacturing facility is underway with an
anticipated completion date of late 2018. The company has more than 950
employees in Tijuana, where it has been manufacturing in a leased facility
since 2010.

The total cost of the building projects in New Zealand and Mexico is expected
to be approximately NZ$200M. The new buildings will assist the company to
accommodate the strong revenue and people growth anticipated over the coming
decade.

About Fisher & Paykel Healthcare
Fisher & Paykel Healthcare is a leading designer, manufacturer and marketer
of products and systems for use in respiratory care, acute care, surgery and
the treatment of obstructive sleep apnea.  The company''s products are sold in
over 120 countries worldwide.  For more information about the company, visit
our website www.fphcare.com.

Ends

Contact:
Investors:
Marcus Driller
General Manager Corporate
marcus.driller@fphcare.co.nz
+64 (0) 27 578 9663

Media:
Rachel Reynolds
Senior Communications Manager
rachel.reynolds@fphcare.co.nz
+64 (0) 21 713 911
End CA:00312093 For:FPH    Type:GENERAL    Time:2017-12-18 09:44:42
Views: 126
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