NEW INDUSTRY FOR N.Z.
ASBESTOS CEMENT PRODUCTION TWO COMPANIES TO EXPLOIT - DEPOSITS. Electric Telegraph—Press Association CHRISTCHURCH. last Night The development of an ini|M>rtant new secondary industry in New Zealand is likely to follow tin* decision of two private com|*anies to manufacture asliestos cement ill the Dominion. This decision, will involve the exploitation of. extensive asbestos del>osits n Takakn Valiev in tin* mountainous district at the far northern tip of the South Island. The Minister of Industries ami Commerce (Hon. I). G. Sullivan! stated in an interview to-day that th* Bureau of Industry had granted to two eompanes a license t » manufacture asbestos cement and it was probable that at feast one of them would be in production before very long. One of th • companies lias < xtenrivo Australian interests and the other is purely a New Zealand o-unpany. but loth, it is stated reliably intend to sjH'nd a great deal ol money exploiting thi' deposits which lor some years now have attracted interest -s a likelv new industry. There is a nig local market alone i thi' Don:inion for the product.
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Bibliographic details
Pahiatua Herald, Volume XLVII, Issue 13941, 23 August 1938, Page 4
Word Count
180NEW INDUSTRY FOR N.Z. Pahiatua Herald, Volume XLVII, Issue 13941, 23 August 1938, Page 4
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