UPDATE Southern Cross Forest attracts foreign, local interest, receiver says

Thu, 24 Apr 2014

(Adds additional comment from receiver) By Paul McBeth April 24 (BusinessDesk) - Financially stricken wood processor Southern Cross Forest Products has attracted both local and international interest from potential buyers, and its receiver hopes to progress the sale next month. KordaMentha’s Brendon Gibson today announced plans to shut the Dunedin-based company’s Rosebank sawmill after a fire at its Mosgiel remanufacturing site cut its drying capacity, reducing the volume of timber it can process, and decided to wind down its unprofitable...

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