Bargain for C. Holt
PA Wellington Carter Holt, Ltd, has taken advantage of the severe depression in the United States timber market to buy a complete fibreboard plant in Virginia at a bargain price, said the joint managing director, Mr Richard Carter, yesterday. The company bought a medium density fibreboard plant worth about $2O million for only $3 million from Georgia Pacific, one of the largest U.S. pulp and paper companies. The near new plant had been dismantled since it was purchased in September and
was now boxed in containers ready for shipping. However, the company had stil) to decide on how it would use the plant, including whether it would be shipped to New Zealand. Since the purchase, two offers, one from China and the other from Canada, had been made for the equipment, Mr Carter said. The plant had a production capacity of 300 tonnes of medium density fibreboard a day, about double the output of the Canterbury Timber Products unit near Rangiora, which is 52 per cent owned by Carter Holt.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19830108.2.105.16
Bibliographic details
Press, 8 January 1983, Page 15
Word Count
174Bargain for C. Holt Press, 8 January 1983, Page 15
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.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.