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

Kiwi Property Group's interim profit lower as write-downs bite
Economy

Kiwi Property Group's interim profit lower as write-downs bite

The property company reiterates its full-year dividend views.

Andy Macdonald 24 Nov 2025
Penk announces compulsory building warranties
Economy

Penk announces compulsory building warranties

Under the proposed change, those responsible pay their share only.

Staff reporters 24 Nov 2025
Westpac tips ‘Turneresque’ 25bp cut but says RBNZ could still channel McCullum
Economy

Westpac tips ‘Turneresque’ 25bp cut but says RBNZ could still channel McCullum

Westpac Bank is sticking to its view the central bank will cut rates by 25 basis points next week to 2.25% but says there’s a 25% chance it will opt to be more aggressive and cut by 50bps.The key question is whether the Reserve Bank's monetary policy committee thinks it will...

Rebecca Howard 19 Nov 2025
Argosy delivers strong first-half results
Economy

Argosy delivers strong first-half results

Earnings and net tangible asset value per share up. 

Andy Macdonald 19 Nov 2025