Carter Holt Harvey plans to close the Eves Valley sawmill on the South Island, a facility built in the 1980s and long considered one of the country’s best-known mills. The agreement is still under discussion, but once confirmed, more than 140 people will lose their jobs. The closure is being seen as part of wider difficulties in New Zealand’s forestry sector, which has come under pressure from falling demand, rising production costs and the threat of new tariffs. Local producers report that demand is weakening not only from China’s real estate industry, which has ...