6 Nov 2013

Te Arawa considers bid for failed sawmill

9:29 am on 6 November 2013

Te Arawa should know in about a fortnight whether it wants to put in a bid for a failed Rotorua sawmill.

The Tachikawa Forest Products sawmill closed on 18 October and a week later more than 120 workers were told in a meeting with the receivers KordaMentha they had lost their jobs.

The deputy chair of Te Arawa Federation of Maori Authorities, Te Taru White, says it's waiting on information from the company on behalf of the tribal collective.

He says the company is due to put out a prospectus soon.

Mr White says within a week it should receive company information and in another week Te Arawa should be able to make a decision on whether it will make a bid.