Efforts to save 157 jobs at Kaitāia's remaining timber mill appear to have failed.
The Japanese-owned Triboard Mill has been on the market since March.
However, Juken New Zealand says it has not been able to find a buyer willing to take on the current staff.
Executive director Yasufumi Tsuchiya said negotiations to sell the land, buildings and machinery are continuing with a potential buyer, who could restart the mill in future.
If that failed the mill would be closed down by March next year.
Consultation with affected workers was starting on Wednesday.
The company's other Kaitāia mill closed in August with the loss of about 60 jobs.
Source: RNZ · RNZ | Te Reo Irirangi o Aotearoa
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