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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.

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