The announcement means that besides staff who have chosen to take redundancy, more than 200 mill staff will keep their jobs. "It's really exciting news, it's a great outcome and well done to all parties involved," Turner said. The Smurfit Consortium includes New Zealand investors, and many have experience in owning and operating paper packaging businesses. The mill will stop producing liquid packaging board and going forward will focus on its customers' requirements for high-quality folding box board, carrier board and food service board, all of which are currently manufactured at the mill. Caution for the sectorToi EDA's Karl Gradon expressed caution, saying while this was good news there were still clouds on the horizon with the fibre-processing sector.

Source: New Zealand Herald May 31, 2021 21:11 UTC