Govt loan to wool plant
(N.Z. Press Association) WELLINGTON, Nov. 18. The Government has approved a regional development suspensory loan of $400,000 for Greenfield Holdings, Ltd, to help in establishing a wool scouring and carpet yarn spinning plant at Kennington in Southland. Greenfield is a new company with a 60 per cent New Zealand holding; the balance of the shareholding is Australian.
The Minister of Trade and Industry (Mr Freer) said today that the Australian interest, Winston Carpet Pty, Ltd, was prepared to buy 68 per cent of the yarn output for sale in Australia. In the first year of production this would mean export sales of $4.6m.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19741119.2.24
Bibliographic details
Press, Volume CXIV, Issue 33695, 19 November 1974, Page 2
Word Count
108Govt loan to wool plant Press, Volume CXIV, Issue 33695, 19 November 1974, Page 2
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in