The ongoing decline of NZ's industrial base shown in energy statistics

Winston's closure of its mills in the central North Island are part of an ongoing decline. (Image: NZME)

Thu, 19 Sep 2024

Oji’s closure of its Penrose mill is the latest public sign of the decline of New Zealand’s industrial sector, which energy statistics show is diminishing in importance in the economy.The Oji decision comes a week after Winstone Pulp International announced it was closing its Ruapehu pulp and sawmill. More than 200 jobs are being lost in the central North Island and about 75 more in Penrose.All have pointed to high energy prices and other factors, such as international market conditions and competing with more efficient plants in ot...

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