Norske Skog pulls the pin on Tasman Mill

Norske Skog pulls the pin on Tasman Mill
In its 66 years, the Tasman Mill produced 15 million tonnes of newsprint
Pattrick Smellie
Sixty-six years of newsprint production at the Tasman Mill in Kawerau will come to an end in 21 days following the announcement that Norwegian global wood processor Norske Skog will close the mill on June 30.The mill closure will cost 160 jobs in the timber town that also hosts pulp and packaging manufacturer Oji Fibre’s plant, also confusingly called the Tasman Mill.All workers will be paid full redundancy on a decision that had clearly been on the cards since a strategic review was commissioned last September.In recent weeks, Norske Sko...

More Economy

RBNZ 25bps rate cut wasn't unanimous
Economy

RBNZ 25bps rate cut wasn't unanimous

The vote was 5 to 1 to cut by 25 basis points. 

Rebecca Howard 28 May 2025
RBNZ cuts, signals more to come
Economy

RBNZ cuts, signals more to come

Risks around the economic outlook are heightened. 

Rebecca Howard 28 May 2025
Not everyone thinks the RBNZ should cut this week
Economy

Not everyone thinks the RBNZ should cut this week

Three out of five members of NZIER's Shadow Board recommend a hold. 

Rebecca Howard 26 May 2025
Downturn dims luxury's lustre
Retail

Downturn dims luxury's lustre

Louis Vuitton NZ's revenue dropped 10.7% to $82.2 million year on year.

Gregor Thompson 26 May 2025