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24/04/2014#0183;#32;April 24 (BusinessDesk) The receiver for Southern Cross Forest Products plans to shut one of the failed wood processors sawmills and wind up the unprofitable Australian business as it
28/06/2014#0183;#32;Southern Cross Forest Products'' South Island operations have also shed jobs, with receivers last month announcing the closure of its sawmill
Southern Cross Forest Products had three mills in the South Island and one in Thames, and today''s restructuring will result in 79 jobs being lost. The company had borrowings of million as at Dec. 31, 2012 with ANZ Bank, UDC Finance, 321 Ltd, Hunter Finance and Heartland, according to its latest financial statements lodged with the Companies Office.
The receiver of Southern Cross Forest Products is closing a mill and winding down the Australian unit in a bid to sell the business as a going concern. By AAP Read more Business News
That issue has continued to compromise trading in the receivership, but performance has now been further affected with fire damage at the Mosgiel mill. Southern Cross Forest Products had three mills in the South Island and one in Thames, and the restructuring will result in 79 jobs being lost.
It was only a baby as far as Southern Cross windmills go, but it will do me just fine. Getting ready to raise the tower. The windmill head is still off, we needed to raise the tower a few feet first so we could slip on the head, it was a 2 man lift, bit of weight in the old .
Southern Cross Forest Products South Island operations have also shed jobs, with receivers last month announcing the closure of its sawmill at Rosebank in Balclutha, with the loss of 79 jobs, while 100 at the companys Otago operation were also under threat.
Southern Cross Forest Products Ltd Southern Cross Forest Products Limited was founded in 1996. The Company''s line of business includes distributing lumber, plywood, and millwork.
25/04/2014#0183;#32;Yesterday, receiver Brendon Gibson announced plans to close the Rosebank mill in Balclutha immediately, following a fire at its Mosgiel site that
The receivers of Southern Cross Forest Products Ltd (SCFP) have today advised that the sale process has attracted considerable interest in the Thames sawmill and remanufacturing businesses, but interest in the South Island operations does not justify continued trading in its current form.
26/06/2014#0183;#32;The receivers for Southern Cross Forest Products said the entire Thames operation had been sold to Profiles Woodproducts Limited. Southern Cross Forest Products has been in receivership since March. The closure of its South Island operations Mosgiel Remanufacturing Plant and Millstream Lumber Division in Milton was announced in May with the loss of 179 jobs.
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