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

 

Fletcher Forests Welcomes Radiata Exp. Initiative

STOCK EXCHANGE LISTINGS: NEW ZEALAND, AUSTRALIA, NEW YORK (FFS).


Fletcher Challenge Forests Welcomes Radiata Export Initiative


Auckland, 28 November 2002 – Fletcher Challenge Forests today welcomed the export initiative announced by Carter Holt Harvey.

Chief Executive Terry McFadgen said “This is consistent with the concepts we have been promoting within the industry for some time, and in principle we see many advantages for customers and New Zealand forest owners in a joint export entity. Common standards and processes should reduce costs of supply, and a joint entity should also assist the promotion of Radiata pine in new and developing markets, particularly in Asia.

“Fletcher Challenge Forests is discussing its potential participation in this entity with Carter Holt Harvey and the Receivers of the Central North Island Forest Partnership. Our focus is on ensuring that our customers and shareholders will benefit, and that the structure has world class governance processes” he added. He also noted that it was important that the views of customers and other potential New Zealand industry participants were reflected in the final arrangements.

Mr McFadgen noted that no decision was likely in the immediate future, and that there were many issues of detail to work through.

Ends



© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Electricity Market: Power Panel Favours Scrapping Low-Fixed Charges

An independent panel reviewing electricity prices favours scrapping the government’s low-user fixed charge regime, banning the use of prompt-payment discounts, and requiring greater disclosure of the profit split between the retail and generation arms of the major power companies. More>>

ALSO:

Bottomless Oil And Zero Climate Cost: Greenpeace Not Big On PEPANZ Gas Ban Report

The NZIER report commissioned by oil industry body, PEPANZ, claims the oil and gas ban issued by the Government last April could cost the the New Zealand economy $28 billion by 2050... But Greenpeace says the figures in the report are based on false assumptions and alternative facts. More>>

ALSO:

Two Queensland Fruit Flies And A Different One In Otara: Devonport Fruit And Veg Lockdown

Work continues at pace on the biosecurity response following the discovery last week of one male Queensland fruit fly in a surveillance trap in the Auckland suburb of Devonport. More>>

ALSO:

Digital Services Tax: Government To Plan Tax On Web Operator Income

New Zealand is to consult on the design of changes to tax rules which currently allow multinational companies in the digital services field to do business here without paying income tax. More>>

ALSO: