Windflow runs out of time, money

Windflow runs out of time, money
Gavin Evans
Pioneering engineering business Windflow Technology is to be liquidated after running out of time and money to develop new markets for its two-bladed wind turbines.Shareholders last week voted to liquidate the Christchurch-based company and clear its remaining debts. Three of the firm’s six staff will remain employed by liquidators PricewaterhouseCoopers to ensure an orderly wind-down of its affairs.“It is expected that the company will be able to satisfy the liabilities of company creditors,” liquidators Malcolm Hollis and Wendy Somerville sai...

More Infrastructure

Work on first seven roads of national significance begins
Infrastructure

Work on first seven roads of national significance begins

The Govt is prioritising 17 Rons as part of its $22b land transport plan.

Rebecca Howard 05 Jul 2024
Swedish-designed, Chinese-built ferries considered for Cook Strait
Infrastructure

Swedish-designed, Chinese-built ferries considered for Cook Strait

KiwiRail went for something else, but Stena's ferries could be back on the table.

Oliver Lewis 05 Jul 2024
Antarctica NZ abandons 'highly risky' Scott Base rebuild plan
Infrastructure

Antarctica NZ abandons 'highly risky' Scott Base rebuild plan

The Crown entity has reset its Antarctic redevelopment plans.

Oliver Lewis 04 Jul 2024
The Great Expectations on Kāinga Ora and KiwiRail
Policy

The Great Expectations on Kāinga Ora and KiwiRail

The Government is continuing to refresh boards and fire up expectations.

Dileepa Fonseka 03 Jul 2024