Comvita's $400M sales target pushed out two years after poor honey harvests, Craigs says
By Tina Morrison May 24 (BusinessDesk) - Comvita will take another two years to reach its $400 million sales target after the manuka honey company had two poor seasons in a row, according to Craigs Investment Partners. The brokerage downgraded its recommendation on NZX-list...
NZ log exports hit new monthly record in March, further strength forecast
By Tina Morrison May 23 (BusinessDesk) - New Zealand exported a record volume of softwood logs in March, as shipments to most major markets increased, with further strength forecast through the rest of the year, according to AgriHQ, NZX's agricultural analysis business. Th...
Steel & Tube shares plunge 24% after company flags annual loss following restructuring
By Tina Morrison May 23 (BusinessDesk) - Steel & Tube Holdings expects to post a loss this financial year and breach its banking covenants after a restructuring that will see it exit its plastics business and write down the value of its assets. The Lower Hutt-based business...
'More than enough' wood fibre to supply proposed $180M Kawerau plant, report says
By Tina Morrison May 22 (BusinessDesk) - Concerns that there may not be enough wood fibre to supply a new $180 million particleboard plant proposed for Kawerau have been quashed by an industry study which concludes "there is more than enough wood available" although it notes t...
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