A large Taupo employer has gone into liquidation weeks before Christmas, with all employees losing their jobs.

Pacific T&R opened its Miro St  plant in February 2015.  It employed 44 people.

The privately-owned company was breaking new ground; extracting rosin from pine tree stumps, which are typically a left-over waste product from the forestry industry.

But the extraction method was expensive and in the end the company’s investors couldn’t afford to fund it anymore, production manager Scott C…

Read the full article at: http://www.stuff.co.nz/timaru-herald/business/87066295/Pioneering-Taupo-company-goes-into-liquidation