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

 

Central North Island Forest Partnership Management


Central North Island Forest Partnership Management Arrangements

Auckland, 29 November 2002 – Fletcher Challenge Forests (FCF) today confirmed that it was in discussion with the Receivers of the Central North Island Forest Partnership (CNIFP) regarding a new management structure for the CNIFP.

Chief Executive Terry McFadgen said “The exact shape of the new structure has not yet been determined, but the broad approach we are proposing is to establish an independent management company for CNIFP which will contract selected services back to FCF and other external service providers. One of the objectives is to ensure that the synergies and scale benefits arising from the co-ordinated operation of the CNIFP and FCF forest estates are preserved for the benefit of both parties.”

He added that there were a number of other potential benefits with this approach, including its likely permanence through any change of CNIFP ownership. FCF would also benefit from a simplification of its current operations, and from having more flexibility to manage its own estate.

He noted that whilst the financial impacts of the proposed new arrangements would not be able to be determined until the final structure was agreed, the cost to FCF is expected to be at the bottom end of the $10-$20 million per annum range previously indicated, prior to any allowance for the benefits arising from the joint export marketing entity currently under discussion with Carter Holt Harvey and the Receiver.

Any new management arrangements will take some time to resolve and put in place, and would involve a structured transition.


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Collecting Scalpers: Commerce Commission To Sue Viagogo

The Commission will claim that Viagogo made false or misleading representations: • that it was an “official” seller, when it was not • that tickets were limited or about to sell out • that consumers were “guaranteed” to receive valid tickets for their event • about the price of tickets... More>>

ALSO:

Price Of Cheese: Fonterra CEO Goes Early After Milk Price Trimmed

Aug. 15 (BusinessDesk) - Fonterra Cooperative Group chief executive Theo Spierings is leaving the role early after the world's biggest dairy exporter lowered its farmgate payout and trimmed its dividend to retain cash. More>>

ALSO:

9.2 Percent: Gender Pay Gap Second-Smallest On Record

This is the second-smallest gap since the series began 20 years ago. In comparison, the gender pay gap was 9.1 percent in 2012 (the lowest on record) and 9.4 percent last year. More>>

ALSO:

Forest & Bird: Report Find Council Failures On Effluent

The report exposes significant inconsistencies and gaps in how regional councils are enforcing the rules around dairy effluent management. More>>

ALSO:

Mana In Mahi: Helping Young New Zealanders Into Work

Thousands of young people will be given the chance to gain valuable qualifications and meaningful work under the Mana in Mahi – Strength in Work scheme launched by Prime Minister Jacinda Ardern today. More>>

ALSO:

Reserve Bank: Official Cash Rate Unchanged At 1.75 Percent

The Official Cash Rate (OCR) remains at 1.75 percent. We expect to keep the OCR at this level through 2019 and into 2020, longer than we projected in our May Statement. The direction of our next OCR move could be up or down. ... More>>