High priority status
Tasman Pulp and Paper Company, Ltd, has been awarded high priority Itatus in respect of the company's manufacture of unbleached. semi-bleached and fully bleached sulphate julp. In congratulating the company on achieving High Priority Status for this commodity, Mr L. AdamsSchneider, Minister of Trade and Industry, said the award reflected the outstanding tontribution to New Zealand’s economic growth and the balance of payments >eing made by Tasman. Mr L. C. Ryan, Tasman’s managing director, confirmed that the Tasman
company was New Zealand’s largest exporter of manufactured goods with markets in twenty-one countries. The company has a good market spread both by customer and country with production fully committed for 1979 when gross export sales are projected to exceed SI2OM. The achievement of High Priority Status conferred certain privileges on the company including an entitlement of 40 per cent investment allowance on expenditure for new plant and machinery, preferential treatment for import licencing, and high priority rating for finance from lending institutions,said Mr Ryan.
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https://paperspast.natlib.govt.nz/newspapers/CHP19790420.2.116
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Press, 20 April 1979, Page 12
Word count
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166High priority status Press, 20 April 1979, Page 12
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