Juken New Zealand consults workers on Kaitāia Triboard Mill sale or closure

Résumé détaillé

After months of efforts to save the business, Juken New Zealand has begun consulting workers on plans that would see the Triboard Mill in Kaitāia cease operations by March next…

Juken New Zealand has begun consulting workers on the future of its Far North Triboard Mill. Photo / Yolisa Tswanya

After months of efforts to save the business, Juken New Zealand has begun consulting workers on plans that would see the Triboard Mill in Kaitāia cease operations by March next year, whether through an asset sale or outright closure.

JNL said it has today started consultation on two proposals: the sale of the Triboard’s land, buildings and other assets to the current prospective buyer; or if that sale does not proceed, the closure of Triboard Mill and continued efforts to sell the land and associated assets.

“Under either proposal, JNL would cease operating Triboard Mill no later than mid-March 2027, or potentially earlier depending on operational requirements,” the company’s executive director Yasufumi Tsuchiya, said.

Since March, JNL has sought a buyer for the Triboard business, while considering other ways to secure a sustainable future for the site and preserve jobs for their teams.

Tsuchiya said it has been unable to find a buyer willing to take on both the business and its workforce, or another viable arrangement that would support long-term profitability.

“However, JNL is in negotiations with a prospective buyer for Triboard’s land, buildings and other assets. No binding sale agreement has been reached.”

The announcement come months after the company decided to close the neighbouring Northland Mill after failing to secure a buyer; at the time the Triboard operation remained unaffected.

Tsuchiya said the proposals reflect the challenges facing Triboard, including weaker demand in key markets, rising costs and not enough work to sustain current operations.

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