Image

Financial support for NZ timber industry

16 October 2020

Four Bay of Plenty timber businesses will receive investments totalling nearly NZ$22 million through New Zealand’s Provincial Growth Fund to boost the local economy and create jobs, Regional Economic Development Minister Shane Jones has announced.

Rotorua-based sawmill Red Stag Wood Solutions will receive a NZ$15 million loan to develop an engineered wood products manufacturing facility. “Red Stag is a major employer in the region and a well-respected member of the industry. This funding will enable the company to bring forward by two to three years construction of the facility which will focus on the production of cross-laminated timber.

Its products will be used in the construction of 2000 new houses, which will be invaluable for Government housing initiatives. “This is going to provide significant employment to an area in need. It is estimated that the project will initially create 30 jobs through construction and is expected to employ 62 people when completed,” Shane Jones said.

Another Rotorua-based timber manufacturing company, KLC Ltd, will receive a NZ$3 million support package that will support around 100 jobs and create 20 new jobs in a low socioeconomic area. KLC is one of the largest employers in Kaingaroa and Murupara. “The loan to KLC Ltd will help the company weather the storm created by COVID-19 and provide more jobs in one of the areas most at risk,” Shane Jones said.

Edgecumbe-based Tunnicliffe Timber Solutions will receive NZ$2.25 million to help the business expand, creating an additional 30 jobs over the next 18 months. “The investment in Tunnicliffe Timber Solutions will enable the company to buy new machinery and create a new market locally for high-quality thermally modified doors and windows.”

Tunnicliffe will also receive a Te Ara Mahi grant of NZ$314,000 for an education programme to develop and upskill employees in sustainable manufacturing. Te Ara Mahi is a fund within the PGF to specifically support regional employment through the development of skills and capability.

Te Puke-based Pukepine Sawmills will receive a loan of NZ$1.6 million to increase production. This will create an additional 15 jobs. Pukepine is one of the largest permanent employers in Te Puke.

Read More
Image

FIEA wood residues conference – Call for speakers

Following on from last year’s record turnout, planning for Residues2Revenues 2024 is now well underway. The NZ forest industry is looking to capitalise on the growth and demand in biofuels, bioenergy and a range of renewable bioproducts. This event helps ...
Read more
Image

February NZ log market update

Opinion Piece: Marcus Musson, Director, Forest360 February has kicked off with a hiss and a roar with log exporters pulling out the pencil sharpeners and publishing prices in the mid to high $130’s for A grade (except for Bluff and Lyttleton where you ...
Read more
Image

Whiteheads partners with Springer for sawmill upgrade

A decade-long partnershipIn a move dating back to 2008, Australian company WHITEHEADS Timber Sales initially conceived the idea of modernizing its sawmill. Strategically aligning with SPRINGER and its partners, this ambitious project for the company brings top-notch technology to Australia’s ...
Read more
Image

Blenheim company turning wood chips into graphite

In New Zealand, a Blenheim company is turning wood chips and sawdust into graphite to be used in EV batteries. CarbonScape was founded in 2006 – with a focus on making carbon products using waste biomass like wood chips to ...
Read more
Image

€150 m LVL and I-beam plant underway

Construction, the first sustainable construction factory of its kind in the Baltics and only the third in Europe, has begun operations with plans to produce €150 million of products a year for Scandinavia, North America, Australia, and major European markets. ...
Read more
Image

Steam rises again from Pan Pac

Almost a year since Cyclone Gabrielle flooded Pan Pac’s mill site at Whirinaki, steam has begun rising from one of the stacks. For nearly 50 years, Hawke’s Bay residents have been able to locate Pan Pac’s mill site by the ...
Read more