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

 

Ixom seeks clearance to acquire chemicals plant from Oji

21 December 2018
Release No. 99


The Commerce Commission has received a clearance application from Ixom Operations Pty Limited to acquire chemical manufacturing assets in Kawerau from Oji Fibre Solutions (NZ) Limited.

Ixom is headquartered in Australia but has chemical manufacturing, supply and distribution operations in several countries around the world. In New Zealand, Ixom supplies chemicals including sodium hypochlorite, hydrochloric acid and caustic soda. Ixom operates a sodium hypochlorite plant in Christchurch.

Oji is wholly owned by the Oji Group, which is a global pulp and paper company. In New Zealand, Oji operates two pulp and paper plants in Kinleith (the Kinleith mill) and Kawerau (the Tasman mill), and a mill for recycled product in Auckland. Oji has two chemical manufacturing plants which it uses to supply chemicals to the Kinleith and Tasman mills. It also sells sodium hypochlorite, hydrochloric acid and chlorine produced at its chemical plants to customers in New Zealand.

The proposed transaction would see Ixom take ownership of Oji’s chemical manufacturing assets in Kawerau.

A public version of the clearance application will be available shortly on the Commission’s case register.

Background

We will give clearance to a proposed merger if we are satisfied that the merger is unlikely to have the effect of substantially lessening competition in a market.

Further information explaining how the Commission assesses a merger application is available on ourwebsite.


ends



© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Tax Bill Passes, Drops: “An End To Unnecessary Secondary Tax”

“The changes mean Inland Revenue will more closely monitor the tax paid by wage and salary earners through the year. If it appears the worker is being over taxed, Inland Revenue will suggest a more suitable PAYE tax code tailored to that worker.” More>>

ALSO:

Ethiopian Airline Crash: Boeing 737 Max Aircraft Operations Temporarily Suspended

New Zealand’s Civil Aviation Authority has suspended the operation of Boeing 737 MAX aircraft to or from New Zealand. Currently this affects only one operator, Fiji Airways. There are no other airlines that fly this aircraft type to New Zealand. More>>

ALSO:

Sorting Out DNA: Crime-Busting Software Wins Top Science Prize

Software developed in New Zealand that has contributed to identifying suspects in tens of thousands of criminal cases around the world has won the 2018 Prime Minister’s $500,000 Science Prize. More>>

ALSO:

In The High Court: IRD Wins Tax Avoidance Case

Inland Revenue has won a High Court case against Eric Watson’s Cullen Group over a nearly $52 million tax debt. More>>

ALSO:

Insurers Withdraw From Market: Plea For EQC Rethink

A consumer watchdog wants the government to rethink the Earthquake Commission (EQC) as more people are pushed out of getting property and contents insurance. More>>

ALSO:

Women's Day: New Zealand Rated Third Best In OECD For Working Women

New Zealand has been rated among the top countries in the world for working women. The Women in Work Index rated New Zealand third in the OECD and it was the only country outside Europe to make the top 10. More>>

ALSO: