NZ wood manufacturer closes its doorsFriday 30 Mar 2012 Napier timber products factory Pacific Wood Products (PWP) is to close with the loss of 41 jobs. PWP was manufacturing a range of timber products for appearance grade use in house construction and renovation with the majority of its products being exported to Australia."The business has struggled to maintain financial viability, given the current conditions of low demand for its products," a joint statement from managing director Doug Ducker and chief executive Tony Clifford said. "The demand for these products in Australia has been soft now for 15 months and there is very little sign of a recovery within the next 12 months. "Housing starts and spending on home renovation have been affected by both flooding and general economic weakness. Further to this demand has been the influx into Australia of cheaper products from Chile, which have further eroded prices." |
Copyright 2004-2026 © Innovatek Ltd. All rights reserved. |