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Henan Prosper has big plans for newly purchased New Zealand tannery
2017/8/3 10:22:58 Source: Leatherbiz Author: 点击率:

New Zealand-based sheepskin tannery G L Bowron & Co has been sold to a subsidiary of Chinese tanner Henan Prosper for NZ$17.6 million ($13 million).

Henan is one of the world’s biggest sheepskin tanners, supplying to Deckers for Ugg boots. It was Highly Commended in the Tannery of the Year 2014 programme.

The sale by Bowron’s Japanese owner, Hatchi Sydney, could result in more jobs, said tannery manager Neil Shewan.

It has purchcased the six hectare site in Christchurch and the deal includes an internal restructure, according to New Zealand’s Overseas Investment Office (OIO).

OIO said: “The applicant (Henan) intends to expand the Bowron tannery business and take advantage of significant supply chain efficiencies and economies of scale between Henan Prosper's existing business and the Bowron tannery business. The applicant intends to increase throughput and exports at the tannery over the next six years.”

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