Whakatane Mill finds new owner 31 May 2021 14:48 PM
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Whakatāne Mill will cease production of liquid packaging board and focus on high quality folding box board, carrier board and food service board under new owners.
SIG Combibloc has agreed to sell the mill to a consortium of European and New Zealand investors led by Irishman Dermot Smurfit, a paper and packaging industry veteran.
Over the past two decades Dr Smurfit has turned around several ailing paper mills.
Ian Halliday, who will become chairman of the new venture, says the consortium intends to invest heavily in the mill, which is the only folding box board mill in Oceania.
Whakatāne mayor Judy Turner
Photo: RNZ / Dom Thomas
Mill owners SIG Combibloc announced today it has sold the mill to a consortium of investors led by European investor Dr Dermot Smurfit.
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. I m particularly thrilled for the contractors outside the direct employment of the mill as this has been a very nervous time for them and their staff.
Turner said she was relieved the mill had been saved as its closure and loss of jobs would have been devastating for the local economy.
Prof. Barry Marshall to speak at Arab Health to be held in Dubai in June this year Pankaj Savara, Regional Partner for Tri-Med and Tri-Med’s Founder, and Nobel Laureate Professor Barry Marshall Image Credit: Supplied
Australia based Tri-Med, a leading healthcare brand has chosen UAE as its regional headquarters in partnership with Former Western Australian Trade Commissioner, Pankaj Savara for Asia, and Africa region.
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World Leaders Gather At Sir Anthony Ritossa s 14th Global Family Office Investment Summit In Dubai
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DUBAI, UAE, April 5, 2021 /PRNewswire/ Elite world leaders convened for the 14th Ritossa Global Family Office Investment Summit March 28-30 at the Waldorf Astoria Palm Jumeirah in Dubai Under the High Patronage of The Ministry of Economy in the Presence of
His Excellency Dr Thani Ahmed Al Zeyoudi, Minister of State for Foreign Trade, UAE and in the presence of
His Excellency Fahad Al Gergawi, CEO, Dubai Investment Development Agency (Dubai FDI), UAE. World Leaders Gather At Sir Anthony Ritossa s 14th Global Family Office Investment Summit In Dubai