southern cross forest receiver to close mill

southern cross forest receiver to close mill

The receivers of New Zealand's Southern Cross Forest Products Ltd this week confirmed the sale of the company's Milburn sawmill and Millstream dry mill assets in Otago to Pan Pac Forest Products Ltd. Receiver, Brendon Gibson from KordaMentha, said the sale – which is subject to approval from

Southern Cross Forest receiver closes mill THE receiver of Southern Cross Forest Products is closing a mill and winding down the Australian unit in a bid to sell the business as a going concern ...

The receiver of Southern Cross Forest Products plans to cut 79 New Zealand jobs and wind up the company's unprofitable Australian unit as it continues to search for a buyer for the failed business.

Financially stricken wood processor Southern Cross Forest Products has attracted both local and international interest from potential buyers, and its receiver hopes to progress the - New Zealand ...

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The receiver for Southern Cross Forest Products plans to shut one of the failed wood processor's sawmills and wind up the unprofitable Australian business as it continues to find a buyer for the business.

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The receiver of Southern Cross Forest Products is closing a mill and winding down the Australian unit in a bid to sell the business as a going concern.

The receivers of Southern Cross Forest Products Ltd (in receivership) (SCFP) have confirmed the sale of the company's Milburn sawmill and Millstream drymill assets in Otago to Pan Pac Forest ...

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Up to 60 jobs are expected to be lost at a Coromandel sawmill after the operation was sold. The receivers for Southern Cross Forest Products said the entire Thames operation had been sold to ...

Southern Cross Forest receiver closes mill The receiver of Southern Cross Forest Products is closing a mill and winding down the Australian unit in a bid to …

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'Heads up' leaves mill workers shocked Insolvency Watch. Southern Cross Forest Products up' leaves mill a noon meeting at the site where receiver KordaMentha told them it would close the company

Financially stricken wood processor Southern Cross Forest Products has attracted both local and international interest from potential buyers, and its receiver hopes to progress the sale next month.

KordaMentha, the receivers of Southern Cross Forest Products, is planning to cut 79 jobs in New Zealand and liquidate an unprofitable unit of the company in Australia. Reportedly, this plan is carried out while the receivers continue to seek a buyer for the business. The receivers are set to close the Rosebank sawmill of the company for the stabilisation of productivity.

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NZ Southern Cross - 9Finance - Business News, Finance ... The receiver of Southern Cross Forest Products is closing a mill and winding down the Australian unit in …

A Balclutha sawmill will be closed and 79 jobs axed throughout the South Island in a restructuring of Southern Cross Forest Products.

The receivers of Southern Cross Forest Products Thames Timber Ltd (in receivership) (Thames Timber) have confirmed the sale of the entire Thames operation to Profiles Woodproducts Limited, with settlement to occur on 18 July 2014.

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One Southern Cross Sawmill for Closure The receiver for NZ company Southern Cross Forest Products plans to shut one of the failed wood processor's sawmills and wind up the unprofitable Australian business as it continues to find a buyer for the business.

Southern Cross Forest Products had borrowings of $17.7 million as at Dec. 31, 2012 with ANZ Bank, UDC Finance, 321 Ltd, Hunter Finance and Heartland, according to its latest financial statements ...

Rosebank Sawmill staff are devastated, out of work and in shock about the facility's closure. The Balclutha mill is being closed by the receivers for Southern Cross Forest Products, alongside the company's Australian business.

Southern Cross Forest receiver to close sawmill The receiver for NZ company Southern Cross Forest Products plans to shut one of the failed wood processor's sawmills and wind up the unprofitable Australian business as it continues to find a buyer for the business.