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Fisher & Paykel has been designing products since 1934 and has grown into a global company operating in 50 countries and manufacturing in New Zealand, China, Thailand, Mexico and Italy. Our design heritage is founded on a pioneering spirit and a culture of curiosity that has challenged conventional appliance design to consistently deliver products tailored to human needs.
For us, legacy is about looking to the future while ensuring what we develop today is aligned to the fundamental principles of sustainable design. We are committed to ongoing research and development. Our culture is one of open innovation, which allows people to work collaboratively to find insights and ideas that connect with our customers and respect our planet.
In 2012, Haier Group bought Fisher & Paykel. Being part of a large global organisation has its benefits and the intention of our parent is to see Fisher & Paykel expand more rapidly than previously planned. Fisher & Paykel will continue its development as a global Premium brand within the group's stable. As well as local brand expansion, the focus will continue to be developing the Fisher & Paykel and DCS brands in New Zealand, Australia and North America, as well as boosting our presence in China and India. New Fisher & Paykel products for these markets will continue to be designed in New Zealand, which has been designated as one of the wider Group's five global research and development centres of excellence.
Fisher & Paykel Appliances Ltd includes other subsidiary companies. Production Machinery Limited builds production equipment and we will be boosting our motor design capability and motor production capacity within this company to meet increasing demand from the wider Group and other third party customers. Dynamic Cooking Systems Inc is a company in the United States of America specialising in outdoor and indoor cooking products some of which are now available in Australia and New Zealand, and Fisher & Paykel Italy is a company specialising in European cooking products. Fisher & Paykel Finance provides financial services to our New Zealand customers - both investors and borrowers.