A belief rising energy costs will hurt more than just our mills
A belief rising energy costs will hurt more than just our mills
21 August 2024
Winstone Pulp International has announced its intentions to close the Karioi Pulpmill and Tangiwai Sawmill in the central North Island - with more than 200 jobs on the line.
It's blaming electricity bills rising by 600 percent in just a few years.
JMI Wealth Director Andrew Kelleher says the impact could be far more widespread.
He says higher power prices and low lake levels in the South Island are problematic, and is questioning our ability to export competitively.
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