Scott shares rise on export order

Its Christchurch-based appliance business will provide two automated production systems to an unnamed major international appliance producer.

Scott Technology said in a statement that the two systems would be installed during the latter part of its 2004 financial year.

The order increased the company's current forward workload value to more than $35 million.

Last month Scott Technology announced it had set up an office in Shanghai, the "hub" of China's appliance production.

The company said domestic appliance production within China continued to grow at a high rate in response to developing local consumption and export demand.

"This growth is expected to continue for the foreseeable future providing a long-term market potential for the company that may exceed that of the United States of America."

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