I see a group of 'local businessmen' are 'circling' the soon-to-be-closed board mills in that most dangerous town Kaitaia. Otherwise known as the murder capital of the Far North. Always feels unsafe when in the area.
Anyway read that as "The local FNDC council and the NRC regional council are expressing an interest in circling the drain with your hard-earnt local body rates aka council taxes in another doomed-to-failure venture".
a combination of ongoing structural and market pressures affecting operations, including declining demand in key export markets ... also singled out higher operating costs
Really? What part of "Juken ... had not been able to make them sustainable" not you understand? A global company has tried to make the operation work and is failing, yet the councils think somehow they can do better. 'Higher operating costs': - read that as 'directly is the cost of having a highly unionised workforce with minimum wage ethos in play'.
Anyway, it will be OK, other people's money will fund this venture. Just like the now failing super-expensive museum to some artist in the SH1 backwater that is Whangarei and with the recent FNDC payment of bribe koha to keep the uneconomical local airport open, both now council-run business ventures that we ratepayers are being soundly fleeced over.
bits flogged from NZ Herald
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