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


Carter Holt Harvey Eyes Asian Growth

12 December 2002
For Immediate Release

Carter Holt Harvey Eyes Asian Growth Following Acquisition of Tasmanian Panels Plant

Carter Holt Harvey is set for significant growth in its Asian wood panel exports following the completion of an agreement with Starwood Australia to purchase the Tasmanian company’s Bell Bay Medium Density Fibreboard (MDF) plant for $A50m.

“This acquisition will enable us to achieve stronger volumes and margins from Asian markets,” says Carter Holt Harvey Chief Operating Officer Ian Unwin.

Carter Holt Harvey’s exports of MDF to Asia have grown by 60% over the last twelve months to 260,000m3 per annum. Bell Bay delivers an additional 180,000m3, increasing the company’s total MDF capacity by 36%. Carter Holt Harvey’s other MDF facilities are in Oberon, NSW and Rangiora, New Zealand.

The Bell Bay facility was built in 1998 as a greenfields investment and employs 112 staff. It will enable Carter Holt Harvey to produce ‘thick’ board closer to markets in Australia’s southern states, freeing up capacity at the Oberon and Rangiora facilities to increase production of high value ‘thin’ MDF – most of which will be destined for Asian markets.

“China is a particularly exciting market for us,” says Mr Unwin. “Strong economic growth, entry to the WTO and the 2008 Beijing Olympics have resulted in exceptionally strong demand for quality wood products. In greater Shanghai alone, around 200,000 homes and units are built each year, while China’s furniture industry is growing by over 40% per annum.”

China is currently Carter Holt Harvey’s third largest Asian market for MDF behind Japan and Korea. The company has over a decade’s experience in the Chinese market. As well as offices in Shanghai and Hong Kong, Carter Holt Harvey has a marketing agreement with International Paper Pacific Millennium, a leading forest products distributor in China, to market MDF and other panel products in five of China’s Northern provinces.

Carter Holt Harvey’s MDF products are primarily used for furniture and joinery, as well as more than 200 products as diverse as shoes, fans, flooring, veneer overlays, mouldings, melamine and printed circuit boards.

- ENDS -

Carter Holt Harvey ( is a leading Australasian company, with diverse interests in wood products, tissue, forestry,
manufacturing, pulp and paper, information technology and venture capital. With a head office based in Auckland,
New Zealand, the company employs 10,000 people directly. Leading Carter Holt Harvey brands include Sorbent, Deeko, Treasures,
Libra, Customwood, Pinex and Bestwood.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Snail's Pace: Aucklanders Face Frustrating Commute Over Harbour Bridge

Journeys into Auckland's CBD took longer than usual as traffic banked up around the damaged Harbour Bridge. More>>


Statistics New Zealand: COVID-19 Sees Record 12.2 Percent Fall In New Zealand’s Economy

Gross domestic product (GDP) fell by 12.2 percent in the June 2020 quarter, the largest quarterly fall recorded since the current series began in 1987, as the COVID-19 restrictions in place through the quarter impacted economic activity, Stats NZ said ... More>>


Climate: Scientists Release ‘Blueprint’ To Save Critical Ecosystems And Stabilize The Earth’s Climate

A group of scientists and experts produced the first comprehensive global-scale analysis of terrestrial areas essential for biodiversity and climate resilience, totaling 50.4% of the Earth's land. The report was published in Science Advances ... More>>


MPI: Independent Review Launched Into Assurances For Safe Transport Of Livestock By Sea

The Ministry for Primary Industries (MPI) has launched an independent review of the assurances it receives for the safe transport of livestock by sea. MPI Director-General Ray Smith says Mike Heron QC has been appointed to lead the review, which is expected ... More>>


Computers: New Zealand PC Market Grows Nearly 40% Due To Work From Home Demand

COVID-19 had large impacts on demand for PCs as businesses prepared for lockdowns by purchasing notebooks to mobilise their workforce. In the second quarter of 2020, New Zealand's Traditional PC market experienced a 39.7% year-on-year (YoY) growth ... More>>


Ministry of Health: Public Transport Distancing Requirements Relaxed

Physical distancing requirements on public transport have been reviewed by the Ministry of Health to determine whether they are still required at Alert Level 2 (or below). The Ministry’s assessment is that mandatory face covering and individuals tracking ... More>>


NZHIA: New Zealand Hemp Industry Set To Generate $2 Billion Per Annum And Create 20,000 Jobs

A new report says a fully enabled hemp industry could generate $2 billion in income for New Zealand by 2030, while also creating thousands of new jobs. Written by industry strategist Dr Nick Marsh, the report has prompted calls from the New Zealand Hemp ... More>>


Stats NZ: One In 14 Employed People Report High Risk Of Losing Jobs

About one in 14 workers say they expect to lose their job or business by mid-2021, Stats NZ said today. A survey of employed people in the June 2020 quarter showed 7 percent felt there was a high or almost certain chance of losing their job or business ... More>>

ASB Quarterly Economic Forecast: NZ Economy Doing Better Than Expected, But Challenges Remain

August lockdown estimated to have shaved 8% off NZ’s weekly GDP, and 0.5% off annual GDP Economy now expected to shrink 5% (year-on-year) by end of 2020 Unemployment rate now expected to peak at 7.2% The latest ASB Quarterly Economic Forecast is less ... More>>


SAFE: Live Export Ship Carrying 5,800 New Zealand Cows Goes Missing In East China Sea

Livestock carrier Gulf Livestock 1 sent a distress signal at 4:45am NZT yesterday in the East China Sea. The area is affected by Typhoon Maysak. At 4pm a patrol plane spotted a lifeboat - with no people in it - and a man in lifejacket nearby. The ship ... More>>


FMA: Kiwisaver Fees Don't Match Performance

The Financial Markets Authority (FMA) today published an independent report into the passive and active investment management styles [i] used by KiwiSaver providers. The FMA commissioned MyFiduciary to test the extent that KiwiSaver providers were ... More>>