Pan Pac shutters operations due to energy prices

Pan Pac's Whirinaki plant. (Image: Supplied)

Thu, 08 Aug 2024

Pan Pac Forest Products is seriously throttling back production due to soaring wholesale electricity prices.The Hawke’s Bay company said the massive hike in electricity prices since Saturday has made it unviable for the company to produce its export pulp product.“Pulp production will have to remain on hold until electricity prices come down,” Pan Pac managing director Tony Clifford said.“Our pulp is exported to customers in India and China predominately.“However, the cost of electricity now far outweighs any profit...

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