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


New Agreement Opens Major Export Market for CHH

New Agreement Opens Major Export Market for Carter Holt Harvey

Sydney-based Carter Holt Harvey Pinepanels expects to increase exports to China by up to 30 per cent within the next twelve months through a new sales and marketing agreement with International Paper Pacific Millennium Limited (IPPM).

Pinepanels currently exports between 35 and 40 thousand cubic metres of Customwood Medium Density Fibreboard (MDF) to China’s southern provinces, where it is primarily used in the manufacturing of furniture for export to the United States and Japan.

Under this new agreement, IPPM will market and sell Customwood and other Pinepanels products in five of China’s northern provinces. Pinepanels will provide IPPM with sales staff training and market analysis support.

Pinepanels chief executive Ian Myers says, “This is an excellent opportunity for us to achieve market-led growth for our business in the rapidly developing Chinese domestic market.”

“Government initiatives and Beijing’s successful bid for the 2008 Olympic Games have contributed to strong growth among manufacturing industries in northern China, so this is an ideal time for us to be expanding into these provinces.”

The partnership with IPPM, in which CHH has a 25% shareholding, will enable CHH to leverage IPPM’s strong storage, distribution and customer networks in targeting manufacturers of products, particularly furniture, for the domestic market.

“In IPPM we have found a partner who knows the northern Chinese market and has the networks, experience and facilities to give us greater reach and a much stronger presence as a local business,” says Mr Myers.

“This agreement augments our considerable presence in Hong Kong for servicing southern China and puts us in a position to emulate the success we have achieved there with Customwood and other Pinepanels products.”

Manufactured from 100% radiata pine, Customwood MDF offers strength and superior machining and performance. Carter Holt Harvey is the Asia-Pacific region’s leading manufacturer of MDF with a total production capacity of 450 thousand cubic metres, split evenly between facilities in Oberon, NSW and Rangiora, New Zealand.

- ENDS -

© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>