Kōrero: Investment

Earthquake damage, Kawerau, 1987

Earthquake damage, Kawerau, 1987

In the 1950s Tasman Pulp and Paper built a huge factory at Kawerau to process wood from the pine forests close by. It was the largest factory outside the main centres and was undoubtedly a major investment. On 2 March 1987 a magnitude 5.2 earthquake hit the area, and the factory suffered considerable damage – not only the broken chimney shown here, but also twisted stairs and walkways and a toppled truck. Such damage represented disinvestment because it reduced capital formation at that site.

Te whakamahi i tēnei tūemi

Fletcher Challenge Archives
Reference: 0140P/9

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Te tuhi tohutoro mō tēnei whārangi:

Brent Layton, 'Investment - Economic investment', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/mi/photograph/24106/earthquake-damage-kawerau-1987 (accessed 5 February 2023)

He kōrero nā Brent Layton, i tāngia i te 11 Mar 2010