PGG-Wrightson's new purpose-built wool store building in
Dukes Rd, Mosgiel. Photo by Linda Robertson.
Construction of farm supply company PGG-Wrightson's
Mosgiel wool store is on target for completion by
PGG-Wrightson Wool general manager Cedric Bayly said the
12,000sq m shed, with storage for more than 20,000 bales of
wool, was on schedule.
Once it was completed, office staff and processing equipment
would begin moving in as the company vacated its Parry St
site on Dunedin's industrial foreshore.
The Dukes Rd site was being developed by Scales Corp and
leased to PGG-Wrightson long term.
Mr Bayly said the large space in Dukes Rd site would maximise
bale handling efficiency.
Transport companies would be contacted in November with
details on the changes.
In mid-August, for the year to June result, PGG Wrightson's
made a decision to write off goodwill of $321.1 million,
which saw it report a $306.5 million loss for the year.
Stripping out the write-off, a profit of $14.6 million would
have been posted compared with last year's profit of $24.5
It was noted the company's retail, wool and irrigation
businesses had performed strongly, with improved market share
across various key categories, but its divisions in
livestock, real estate, seeds and grain still faced