Carter Holt's halt on wood supply a 'sign of a system under stress'

A Stuff article.

The timing of Carter Holt Harvey’s halt on supplying wood products to major retailers could not have been more problematic for the Government, a building expert says.

The timber company, partly owned by New Zealand’s richest person Graeme Hart, has stopped supplying to Mitre 10, and ITM. Mitre 10 said on Saturday that Carter Holt Harvey Woodproducts could not supply it with structural timber for the foreseeable future.

Its decision to keep supplying large customers including Fletcher Building-owned PlaceMakers and its own subsidiary, Carters, has drawn the attention of the Commerce Commission.

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