Carter Holt Harvey‘s (CHH) sawmill and part of its processing plant in Tokoroa, New Zealand, looks set to close with the loss of more than 130 jobs.
The company says it will ask staff for their views before making a final decision but energy price increases and the strengthening New Zealand dollar are making business difficult.
CHH believes its processing plant, which includes kilns, planers, finger-jointing and chopsaw operations, is unable to be competitive because of the market situation and its old equipment
