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


Extra Processing Capacity For Us Market

Fletcher Challenge Forests Commissions Extra Processing Capacity For Us Market

Auckland, 10 September 2003 – Fletcher Challenge Forests today formally commissioned a third line for its specialist plant at Taupo, which produces solid lineal mouldings for the US market.

Fletcher Challenge Forests USA is the largest importer of the high value moulding products into the US market, supplying over 500 of the large home improvement stores of The Home Depot and Lowe’s.

Speaking in Taupo today, the Chairman, Sir Dryden Spring, said the Company was committed to growth in the US market, both through expanding its manufacturing capacity in New Zealand and through its strong equity partnerships with major US distribution interests.

Further processing investment, which could also involve Taupo, was under consideration.

“This plant is an excellent example of the Company’s strategic focus on further development of our marketing and manufacturing businesses. The plant is maximising the value from pruned logs, producing product which goes directly into extensive retail outlets in the important US market. It is backed by a strong “in-market” service team.”

Sir Dryden said the Taupo site was a world class operation in cost competitiveness and efficiency. There were several new design features in the new line which would increase these advantages further. The additional capacity would also provide increased scale and production flexibility.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Stats NZ: Unemployment Declines As Underutilisation Rises

The seasonally adjusted unemployment rate decreased to 4.7 percent in the March 2021 quarter, continuing to fall from its recent peak of 5.2 percent in the September 2020 quarter but remaining high compared with recent years, Stats NZ said today. ... More>>


Digitl: The Story Behind Vodafone’s FibreX Court Ruling

Vodafone’s FibreX service was in the news this week. What is the story behind the Fair Trading Act court case? More>>

Commerce Commission: Vodafone Found Guilty Of Misleading Conduct Over 'FibreX' Service

Vodafone NZ Limited has been found guilty of engaging in conduct that was liable to mislead consumers in relation to its FibreX branded broadband service. In a case brought by the Commerce Commission and heard last year, the Auckland District Court ... More>>

Westpac: Announces Strong Financial Result

Westpac New Zealand (Westpac NZ) [i] says a strong half-year financial result has been driven by better than expected economic conditions. Chief Executive David McLean said while the global COVID-19 pandemic was far from over, the financial effect on ... More>>

MYOB: SME Confidence In Economic Performance Still Cautious

New insights from the annual MYOB Business Monitor have shown the SME sector is still cautious about the potential for further economic recovery, with two-in-five (41%) expecting the New Zealand economy to decline this year. The latest research ... More>>

Tourism Industry Aotearoa: Trans-Tasman Bubble Benefits NZ

More people have entered New Zealand than have left since the opening of the trans-Tasman bubble, says Tourism Industry Aotearoa. Since the first flight from Australia to New Zealand took off from Sydney to Auckland on 19 April, the two-way Tasman travel ... More>>