INDEPENDENT NEWS

NZ Yarn Appoints New CEO

Published: Thu 7 Jul 2016 11:14 AM
NZ Yarn Appoints New CEO
Colin McKenzie has been appointed as the new CEO for Christchurch based NZ Yarn Ltd, effective Monday, 4 July.
NZ Yarn manufactures and markets high quality wool spun yarns for the carpet industry worldwide.
McKenzie was most recently CEO and Managing Director of Cavalier Corporation. He has extensive experience in the textile and manufacturing sectors, and for companies servicing local and export markets.
NZ Yarn is 100% New Zealand owned by Carrfields Primary Wool and several independent investors, who bought it from receivers in 2014. Executive Chair, Ross Callon, has been running the business until this point. Callon was initially engaged for a six month term as Executive Chairman to develop the business strategy, organisational structure, policies and procedures of NZ Yarn which was incorporated to purchase the assets and business of Christchurch Yarns NZ, which was in receivership.
Despite challenging industry conditions, the business now has its highest level of forward orders for several years, has developed a plan to consolidate and upgrade the mill, and recently commenced staff recruitment to enable increased sales and production levels. Carrfields Primary Wool, the major shareholder, has recently committed to increasing shareholder funding to enable the company to implement a number of growth initiatives as part of the next stage of the business plan.
With the successful appointment of Colin McKenzie as Chief Executive, Ross is now able to dedicate time to his other business interests.
Colin is a highly experienced executive, and has extensive connections within the international textile community and has been actively involved leading business development in North Asia, North America, UK and Western Europe markets.
“Colin’s appointment is a key milestone. He has the skills and expertise to deliver our business objectives, we are confident that the future of high-end yarn is positive, and I look forward to working with him,” Callon said.
He said that further work is planned to realign the factory.
“This investment is based on new business that we’re winning, which indicates that demand for high quality yarn is strong.”
McKenzie will also act as a consultant for Carrfields Primary Wool.
ENDS

Next in Business, Science, and Tech

Funding For R&D; In New Zealand – Expert Reaction
By: Science Media Centre
COVID-19: NZ Joins Global Initiative Keeping Ports Open And Freight Moving
By: Maritime New Zealand
National Backs Businesses With $10k JobStart
By: New Zealand National Party
Government Exempts Some Home Improvements From Costly Consents
By: New Zealand Government
The New Zealand Herald Named Newspaper Of The Year, Website Of The Year At Voyager Media Awards
By: New Zealand Media and Entertainment
ASB Takes The Lead Again With New Low Home Loan Interest Rate
By: ASB Bank
The Problems With Testing And Case Statistics For Covid-19
By: Nathan Hoturoa Gray
Fletcher Building to lay off 1000 staff in New Zealand
By: RNZ
Driving prompt payments to small businesses
By: New Zealand Government
On Why We Should Legally Protect The Right To Work From Home
By: Gordon Campbell
Supporting Kiwi businesses to resolve rent disputes
By: New Zealand Government
Understanding 5G Concerns – Expert Q&A;
By: Science Media Centre
Record Monthly Surplus As Imports Dive
By: Statistics New Zealand
Bar reopening night 'much, much quieter'
By: RNZ
New Zealand’s population passes 5 million
By: Statistics New Zealand
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media