Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Croxley confirms it will cease manufacturing

Croxley confirms it will cease manufacturing

Croxley Stationery today confirmed that it will cease manufacturing over the next nine months and build its future as a dedicated wholesaler.

The iconic New Zealand stationery and office products supplier announced a fortnight ago that it was consulting staff on a proposal to cease manufacturing owing to a range of external factors.

Managing Director David Lilburne today paid tribute to staff who will be affected by the change, which will see close to 100 people made redundant between now and the middle of next year.

“Today more than anything our hearts go out to the affected staff and their families. These are people who have been part of the Croxley family for a long time and I am truly sorry that it has come to this.”

He says the manufacturing team have done an outstanding job and could not possibly have done anything to change the situation.

“We are working individually with our people to support them as much as we can through the transition process. We have a long history of looking after our staff and we will continue to do the right thing by them and their families.”

Mr Lilburne says key factors contributing to the decision include a decline in postal use and demand for traditional paper-based products with emails replacing envelopes and writing paper; the widespread availability of cheap imported products; the strength of the New Zealand dollar which impacts on Croxley’s ability to successfully export products manufactured locally; and the fact that investing in new manufacturing machinery in a declining market simply doesn’t stack up.

Croxley’s envelope production is likely to wrap up between now and the end of the year with other areas of manufacturing to follow in the first half of 2015.

Croxley has almost a century of history behind it and is currently the country’s largest stationery wholesaler, supplying a broad range of products to the office and education sector.

Mr Lilburne says as the company moves to becoming a dedicated wholesaler it will look to broaden and update its product range to meet the changing needs of the market.
“We will continue to work with our valued customers to ensure supply continuity for the products they source from Croxley.”

“While today is a sad day, this decision is certainly not the end for Croxley. It is a new beginning.”

- Ends –

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>

ALSO:

Scoop Business: ComCom Charges Hawkins’ Finance Companies Over Debt Recovery

The Commerce Commission has filed criminal proceedings against two finance companies run by former 1980s high-flyer Allan Hawkins over their debt recovery practices. More>>

ALSO:

Science Media Centre: The Big Science Stories Of 2014

It was a dramatic year for science, one that witnessed a severe outbreak of Ebola in West Africa and an historic mission to land a space probe on a comet. On the home front... headlines with animal testing for 'legal highs', 1080 use to tackle increased pest numbers and court action over genetically modified organisms among the most-covered stories. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news