Page 5 Advertisements Column 4

Press, Volume LXXXII, Issue 24901, 14 June 1946, Page 5

the installation of a complete worsted spinning plant and additional knitting and general hosiery machinery, including a complete fully-fashioned hosiery .plant, al) of which are on order and for which all the necessary import licence® have been granted This substantial expansion of the Company’s operations is dictated by the increasing and unsatisfied demand for Korma products, not only to meet New Zealand’s requirements, but also for export. HISTORY OF KORMA MILLS LIMITED: The business was established at Auckland in 1939, fop the manufacture of men’s and women’s hosiery, knitted outerwear, and of knitted woollen goods generally. It was formed into a private limited company in 1940 when larger premises and additional plant were acquired, and a complete dyeing and finishing unit installed. Korma Mills now employs over 300 persons apd is already one of the largest producers of knitted woollen goods in New Zealand. EXPANSION PROPOSALS: The Company has purchased a property of 161 acres situated in Mt. Albert Road, Auckland, on which it is intended to build the new Mills. It is believed that the Company will then be able, not only to supply the local market, but also to develop an already substantial export trade under a mass production system. When the Company’s existing equipment and all the new plant is Installed and in full production, it is expected that total annual turnover should increase to not less than £1,000.000 and that the Company will then employ over 600 persons.