Manufacturing company Australian Hardboards has closed its doors, with more than 140 employees now out of work, reportedly due to the high Australian dollar and competition from cheap imports.
The Ipswich-based company, west of Brisbane, was operating in the city for 52 years before it was forced to close down.
Australian Hardboards manufactured masonite and chipboard from its Ipswich facility.
Reports claim the crew at the manufacturing facility worked to produce last-minute orders right up until the facility’s closure just before Christmas.
Though the company enjoyed efficiency gains that hiked production by 60% in its closing months, Australian Hardboards was still at the mercy of cheap overseas imports and the continuing high value of the Australian dollar.