Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Central North Island Forestry Concerns

12 April 2001

PRESS STATEMENT

From
John Hawkins, President NZ Timber Industry Federation

CHH Central North Island Plays

The New Zealand Timber Industry Federation (NZTIF) is currently considering applying to the High Court for an order to overturn the recent Commerce Commission decision to grant CHH permission to acquire Norske Skog.

John Hawkins, President of the NZTIF said, “In our opinion the Commission failed to consult adequately with or give proper opportunity for consultation to almost all of the independently owned sawmills drawing wood from that region and supplying chips.

“Natural justice was denied to key parties.

We are also vigorously opposing the CHH application to the Commission for permission to purchase the C.N.I.F.P. assets currently in receivership.

“In our opinion this is a blatant attempt to gain dominance and pursue anti-competitive behaviour in a wood volume sensitive region.

“Our concerns particularly relate to attempts to dominate high quality log grades and the likely resulting market share of structural grade sawlogs.

“CHH has consistently published a strategy of buying up third party wood lots as a vehicle for raising prices.

“Tactics to pervert the benefits of free and open competition (in the short/medium term at least) severely damage the commercial interests of otherwise efficient timber processing companies.

“To approve such an application would be a travesty of justice.

“Industry investors and the New Zealand economy have endured more than their share of misfortune from failed grand strategies amongst publicly owned forestry companies.

“The receivership of the largest pine forest in the Southern Hemisphere is tragic evidence of power plays which go wrong.

“What the industry and its customers need is more competition, not less.


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news