Cyclone Gabrielle hands Bremworth a silver lining
More processing offshore has led to lower costs and higher capacity – and bigger growth aspirations, company tells shareholders.
Napier under water after Cyclone Gabrielle earlier this year.
Cyclone Gabrielle appears to have been a double-edged sword for listed carpet maker Bremworth, seeing its Napier yarn spinning plant shuttered with a loss of jobs, but leading the company to find a cheaper way to process more yarn – offshore – and fund ambitious growth plans.
In February this
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