'Insolvent' PGF-backed timber processor likely heading for liquidation, owing $6m

'Insolvent' PGF-backed timber processor likely heading for liquidation, owing $6m
Tunnicliffe's timber product. (Image: Facebook)
Riley Kennedy
Creditors of a Provincial Growth Fund-backed Bay of Plenty timber processor, which owes nearly $6 million, will have the chance to vote on the company’s future next week.In mid-October, Crown Regional Holdings - which operates as the holding company for the Ministry of Business, Innovation and Employment’s (MBIE) regional economic development and investment unit Kānoa – called in Calibre Partners to do a business review of Tunnicliffe Timber Solutions.Operating out of Edgecumbe, near Whakatane, Tunnicliffe processed...

More Primary Sector

Job cuts on the table at embattled BX Foods
Primary Sector

Job cuts on the table at embattled BX Foods

The meat processor operates a plant in Oamaru.

Riley Kennedy 25 Jul 2024
Foresta parts ways with managing director Ray Mountfort
Primary Sector

Foresta parts ways with managing director Ray Mountfort

The company assured shareholders plans for a biomass plant in Kawerau are on track.

Greg Hurrell 25 Jul 2024
NZ raises its concerns with EU over deforestation regulation
Primary Sector

NZ raises its concerns with EU over deforestation regulation

The regulation is tipped to pose “quite significant burdens”.

Riley Kennedy 25 Jul 2024