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

 

Rainbow Mountain Green Mill consultation

27 October 2005

Outcome of Rainbow Mountain Green Mill consultation

Following a consultation process with its employees and the union, CHH Woodproducts today announced the Rainbow Mountain Green Mill will close within the next two months.

In July the site removed a shift to reduce production, but additional action has been required in response to further market softening, increased import competition and a strong New Zealand dollar.

The Rainbow Mountain mill uses circular saw technology which has lower conversion rates and therefore higher conversion costs. Given the age of the equipment and the potential upgrade cost, the company believes this is the best decision for CHH Woodproducts as a whole.

The Rainbow Mountain site currently employs 151 employees and contractors, and produces 170,000 cubic metres of sawn timber for the Australian and New Zealand markets. It will continue to employ up to 40 people in secondary processing, dry mill, kiln drying and despatch, operating as an extension of the CHH Woodproducts Kawerau operations.

The 55 people working at the co-located Ramsey Roundwood operation are unaffected by today’s announcement.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Fuels Rushing In: Govt "Ready To Act" On Petrol Market Report

The Government will now take the Commerce Commission’s recommendations to Cabinet...
• A more transparent wholesale pricing regime • Greater contractual freedoms and fairer terms • Introducing an enforceable industry code of conduct • Improve transparency of premium grade fuel pricing... More>>

ALSO:

Reserve Bank Capital Review Decision: Increased Bank Capital Requirements

Governor Adrian Orr said the decisions to increase capital requirements are about making the banking system safer for all New Zealanders, and will ensure bank owners have a meaningful stake in their businesses. More>>

ALSO:

Aerospace: Christchurch Plan To Be NZ's Testbed

Christchurch aims to be at the centre of New Zealand’s burgeoning aerospace sector by 2025, according to the city’s aerospace strategic plan. More>>

ALSO:

EPA: Spill Sees Abatement Notice Served For Tamarind Taranaki

The notice was issued after a “sheen” on the sea surface was reported to regulators on Thursday 21 November, approximately 400 metres from the FPSO Umuroa. A survey commissioned by Tamarind has subsequently detected damage to the flowline connecting the Umuroa to the Tui 2H well. More>>

Taskforce Report: Changes Recommended For Winter Grazing

A Taskforce has made 11 recommendations to improve animal welfare in intensive winter grazing farm systems, the Minister of Agriculture Damien O’Connor confirmed today. More>>

ALSO: