Purex and Treasures head for ASX

NIKO KLOETEN AND AFR
Last updated 14:47 03/06/2014

Relevant offers

Industries

Samsung confirms Galaxy Note 7 batteries fault, announces response plan And, we are (almost) go for Kiwi Rocket launch in northern Hawke's Bay Dancing Sands toasts success from Kiwi products Mark Hotchin returns to New Zealand but critics say Hanover investors unlikely to forgive From urban planning to underwear: Confitex co-founder Mark Davey Top of the south working group advocates seek focus in fishery preservation 1MBD scandal: Judge allows Malaysian businessman tussling for $370m in seized assets to take control of NZ trusts Z Energy to help get curious drivers behind the wheel of an EV BNZ internet banking outage: Customers unable to bank online Quirky QT hotel brand coming to Queenstown

Asaleo Care, which manufactures some of New Zealand's most popular personal hygiene brands, is listing on the Australian stock exchange.

The company, formerly known as SCA Hygiene Australasia, produces the biggest-selling toilet paper brand in New Zealand, Purex, as well as the second-biggest nappies brand, Treasures.

Asaleo has two factories in New Zealand, including the Kawerau facility that employs 209 people.

The factory has an annual capacity of 62,600 tonnes of paper on converting and folder machines, producing Purex, Handee, Deeko and Tork paper products.

The company will close its tissue converting factory in Hamilton and consolidate its tissue manufacturing at Kawerau.

The Hamilton factory employs 39 people and produces 135 million nappies and 2700 tonnes of serviettes a year. Asaleo is also closing its Tauranga distribution centre as part of a capital investment programme focused on upgrading the Kawerau facility, the company's second-largest manufacturing site.

This has seen A$47.1 million invested so far and a further A$3.3m planned for this financial year.

The project includes constructing a new converting hall, storage area and dispatch facility and reconfiguring the manufacturing layout.

New Zealand and Fiji account for about 27 per cent of Asaleo's sales, with the remaining 73 per cent in Australia.

Ad Feedback

- Stuff

Special offers

Featured Promotions

Sponsored Content