Be Inspired!

On May 27 CECC, in conjunction with KEA and NZTE is hosting INSPIRE Canterbury.

This is a day to hear from inspirational New Zealanders who have made a big impact off-shore and have travelled back to New Zealand to tell their stories.

Previous INSPIRE Events have taught us that  listening to and learning from, New Zealanders that are amongst the most accomplished business people we produce, is extraordinarily valuable.

The event will run from 8.30am to 12.30pm  in the Events Hall at the Air Force Museum, 45 Harvard Ave, Wigram.

It is a (half) day well worth investing in and I can guarantee that you will come  away wiser and better equipped to deal with the challenges facing Canterbury businesses as we rebuild our city.

I strongly recommend attendance.

For further information and registration, go to www.inspirecanterbury.co.nz.

petert@cecc.org.nz

www.cecc.org.nz

Opening of the consolidation of the Christchurch Engine Centre

On Friday May 9 I attended the opening of the new facility at 115 Orchard Road that consolidates the Christchurch Engine Centres activities at one location.

This joint venture  between Air New Zealand and Pratt and Whitney is  an impressive and world class undertaking. It specialises maintenance of the V2500 engine that powers the Airbus 320 and maintains V2500 engines from all around the world. Obviously one of its key accounts is Air New Zealand  with its expanding fleet of Airbus 320s.

A few interesting stats emerged during the tour after the formal opening.

• Each engine costs around $13 million new 
• There can be up to 20 engines in various stages in maintenance, at the facility, at any one time.
• It costs around $100,000 to  transport an engine for maintenance, from the northern hemisphere, to Christchurch and back. 
• Despite this, the Christchurch Engine Centre is internationally competitive and has a well-earned reputation of being world’s best in its field. 
• A V2500 engine is good for 20,000 take-offs and landings. It is the take-offs/landings that cause engine wear. The actual in-flight wear is minimal. 
• Every individual engine part has its own serial number and can be traced throughout its life. 
• New Zealand  flown V2500s wear very well because our air is clear, cool and dense. All good for minimising engine wear. 
• There are over 200 engineers working at the Christchurch Engine Centre. 
• The  consolidation of the Maintenance facility cost over $25million. 
• The consolidation has enabled a marked increase in the number of engines that can be serviced at the facility.  
• The Christchurch  Engine Centre is an important and highly valued contributor to the Christchurch Economy 

As an a addendum: Some interesting governance and other quotes from Professor Goran Roos presentation 'The Future of Manufacturing' May 8

• The boards responsibility is to do risk evaluation about strategies bought to the table by management
• The fundamental role of governance is to ensure risk is minimised.
• The default answer at board level is always yes until the Board can prove it is no.
• If the board starts with a no then it has no faith in management.
• The dynamics of the business environment must be matched by the diversity of the governance team.

• Our future is all about educating our young in Science, Technology, Mathematics and Manufacturing
• The world language of business is bad English.
• In great companies the leadership tenure is long
• Exceptional management means doing small things better than the competitors every time, all the time.
• Great companies avoid gaining sales through discounting or aggressive pricing.

petert@cecc.org.nz

www.cecc.org.nz

Honorary Doctorate at Lincoln University

It is my turn again to do a bit of blogging on the boss!

On Friday 2 May Peter received his Honorary Doctorate from Lincoln University. I was fortunate enough to get along to the ceremony, with a few fellow CECC team members and Peter’s family, where Peter’s long standing contribution to the business and wider community was acknowledged in a fitting way amongst an auditorium of Lincoln graduates.

The team at CECC are very proud to have Peter as our CEO and feel very fortunate to work with such a strong and inspirational leader. Having a strong leader who stands up for what he believes in and goes forward with clarity, passion and common sense is more important than ever in Canterbury.

Click here to read the official citation that was included in the programme for the graduation.

Leeann Watson
GM, CECC

www.cecc.org.nz

Breakfast with the Prime Minister

On the Thursday before Easter CECC hosted the Prime Minister the Right Hon John Key at a breakfast attended by 700 of our members and their colleagues.

The PM spoke about the Christchurch rebuild gaining momentum and revealed some interesting statistics:

• The government’s total contribution to the rebuild is $15b including $7.3b from EQC net of reinsurance proceeds 
• Right now the government is paying $9m every working day in rebuild invoices 
• The Canterbury economy grew at 5.6% last calendar year 
• Christchurch and the surrounding area is home to one in ten New Zealanders. 
• There are more than 200 private sector rebuilds, both commercial and housing, either underway or consented within the four avenues 
• The $40m Isaac Theatre rebuild will open in October this year 
• There will be 1700 staff from 20 government departments back in the central city by 2016 
• 7300 flat land properties in Christchurch and Kiapoi were zoned red due to land damage and over half these homes have now been removed 
• Following the earthquakes there were over 450,000 claims on more than 170,000 dwellings in Christchurch. 
• 53,000 homes have been repaired under the EQC managed Canterbury Home Repair Programme with Fletcher EQR. 
• The balance of under-cap homes will be repaired by the end of 2014 
• 91% of the city's dwellings were damaged in the earthquakes 
• There is a current shortfall of 12,000 dwellings in the city 
• Housing NZ expects to build 700 new houses and complete repairs to 5,000 existing state houses by the end of 2015 
• The SCIRT $3b rebuild is due to be completed by the end of 2016 
• There is a $1.1b investment going in to compulsory school facilities over the next decade

 Yes, that is all about gaining momentum!

petert@cecc.org.nz

www.cecc.org.nz