sharetrader
Results 1 to 10 of 171

Thread: Bremworth BRW

Threaded View

  1. #11
    Legend
    Join Date
    Dec 2009
    Location
    Everywhere
    Posts
    7,144

    Default

    Tomorrow's news is in early:

    https://www.nzherald.co.nz/nz/supply...FIKXLDOB4SQIM/

    Supply changes for Whanganui plant as Bremworth changes export direction to overseas markets


    8 Apr, 2023 05:00 AM

    Well done - Eva, the Herald earlybird

    By chance do you have tomorrow's lotto numbers for folk on here ?


    Lowered production in Bremworth’s Whanganui plant due to Cyclone Gabrielle damage means chief executive Greg Smith is looking to overseas markets to repair the company’s losses.

    Bremworth’s Napier plant supplied dyed fibre to the Whanganui plant to be made into yarn, but Smith said the Napier plant had been out of order for seven weeks due to cyclone damage.

    “It’s devastating what’s gone on in Napier, we’ve been actively cleaning up the silt, sludge, mud and biochemical waste with our teams there.”

    Napier was responsible for all woollen spun yarn, which accounted for 75 per cent of Bremworth sales.

    Smith said Bremworth had hired another dye house in the South Island which would begin to provide the Whanganui plant with dyed fibre.

    “By the end of this month, we should be back to our normal production levels, which means back to business as usual for Whanganui.”

    The 86 people employed by the Whanganui plant have still been paid throughout the lowered production level.

    The ongoing impact of the Napier plant damage had forced Bremworth to look to overseas suppliers for dyed fibre, Smith said.

    “Having the ability to produce yarn overseas that meets our colour and quality specifications could present an opportunity for us to compete in other markets.”

    This could enable a larger production of yarn which would allow Bremworth to go for contracts in Australia and further abroad, he said.

    “We can order vast quantities of yarn made with New Zealand wool from overseas, which means potentially we can start to go after bigger contracts for Government jobs, builders or retirement villages.”

    Why stuff around with manufacturing onshore at all, if vast quantities can be imported ?
    Last edited by nztx; 07-04-2023 at 11:09 AM.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •