Cavalier consolidates wool manufacturing plants to boost profits

Wed, 13 Apr 2016

By Tina Morrison April 13 (BusinessDesk) - Cavalier Corp, the carpet maker which is restructuring its business to boost profitability, will consolidate its manufacturing operations to Napier and Whanganui and close its Christchurch plant. The move is expected to cut a net 65 jobs, and cost between $4 million to $4.5 million in the 2015/16 financial year for employment payments, and the relocation of equipment, the Auckland-based company said in a statement. Cavalier has changed its chief executive and chairman and rejuvenated its board...

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