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


Independent Log Export Company Moves Forward

Independent Log Export Company Moves Forward

Carter Holt Harvey announced today that it has signed an agreement with the Central North Island Forest Partnership (CNIFP) Receiver to form a jointly owned log and chip export company.

In November 2002, Carter Holt Harvey announced that it had commenced discussions with the CNIFP Receiver on the creation of an independent log and chip export company.

Devon McLean, CHH Chief Operating Officer says the creation of an independent export company is very positive for the whole New Zealand Forest Industry and its many international log customers.

“For Carter Holt Harvey this initiative is all about strengthening New Zealand’s position relative to our international competitors which is in line with the Company’s philosophy on being world class in everything we do.”

A co-ordinated approach to export marketing of New Zealand logs internationally is expected to deliver significant benefits through economies of scale as well as greater consistency of supply and enhanced service to customers.

CHH and the CNIFP Receiver, as joint owners, are working towards launching the business by the middle of this year. There is still further work to do on the implementation plan for setting up and operating the business between the two parties. Once the business is established, the company intends to further discussions with potential participants.

© Scoop Media

Business Headlines | Sci-Tech Headlines


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>>


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>>


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>>


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>>


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>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news