decision near on mill project / examiner 18/10, page-2

Gunns receivers sell sawmills

Posted 11 hours 44 minutes ago


Receivers KordaMentha are selling two of Gunns' sawmills. (ABC: Chook Brooks)



Two Gunns sawmills in Tasmania and South Australia are being put up for sale by the company's receivers.

Gunns entered voluntary administration last month after its lenders refused to extend more than $500 million in loans.

Receivers are planning to put a South Australian sawmill on the market.

The sale of another timber treatment plant near Mt Gambier is expected to be finalised on Friday.

The Bell Bay sawmill in northern Tasmania employs about 150 people and will be advertised nationally and internationally.

Spokesman for receiver KordaMentha, Michael Smith, is confident a buyer for the Bell Bay mill can be found.

"There has been a lot of interest in a tough market and we expect a lot more interest from overseas," he said.

The receivers say they are still working on plans to sell the proposed Tamar Valley pulp mill project