Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

More Support For Wood Processing

The Provincial Growth Fund (PGF) is ramping up support for Tairāwhiti’s wood processing sector to bolster the region’s economy at a time of heightened uncertainty, Regional Economic Development Minister Shane Jones announced today.

Following earlier announcements today of a regional support package for Tairāwhiti, Minister Jones has also announced a $12.1 million loan from the PGF for WET Gisborne Ltd.

The funding will accelerate the development of WET Gisborne Ltd’s wood processing production line, which will produce a laminated structural wood product at the Wood Cluster Centre of Excellence located in Gisborne.

“I’m pleased we’ve been able to work alongside the region on projects that will help diversify the forestry sector, which is overly reliant on log exports to China,” Shane Jones said.

“This investment is another way the Government is supporting Gisborne and the wider region as the forestry industry experiences the effects of Covid-19. The PGF support will allow construction to begin on the production line and is part of a wider focus on wood processing that is expected to create 74 new jobs in coming months.

“Work is about to begin on the first phase of the production line that will increase capacity from 3.5 days per week to a 24hr/7days-a-week operation. The second phase, which will establish New Zealand’s first fully commercial scale line, will start next summer,” Shane Jones said.

In addition to the loan, Regional Economic Development Ministers have also approved a $980,000 loan towards the Wood Cluster Heat Plant, which is integral to the overall success of the region’s wood processing aspirations.

“Wood processing is one of the biggest economic growth opportunities in Tairāwhiti. This production line will lead to higher-value forestry products being produced locally and develop new economic growth in the forestry industry.

“The engineering work required to build the processing line and heat plant will ensure job continuity for local engineering firms.

“This latest investment builds on a commitment of $19.5 million investment in to the Wood Cluster Centre of Excellence announced in July last year. The centre will process and produce higher-value forestry products and see more money going back into the community via bigger pay packets for local workers.

“While New Zealand and the world is experiencing an economic shock, PGF projects are primed to help place the country on an excellent footing post–virus,” Shane Jones said.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On The Mosque Movie, And The Demise Of Netanyahu

Plainly, a whole lot of New Zealanders – including PM Jacinda Ardern - are not on board with They Are Us, the mooted film project intended about the Christchurch mosque shootings. Here’s how the original Hollywood Reporter story described the gist of They Are Us... More>>

 



Government: To Apologize For Dawn Raids

The Government will make a formal apology for the wrongs committed during the Dawn Raids of the 1970’s.
Between 1974 and 1976, a series of rigorous immigration enforcement policies were carried out that resulted in targeted raids on the homes of Pacific families... More>>

ALSO:


Trade: EU And UK FTAs Top Of List For First Ministerial Trip Since COVID-19

Trade and Export Growth Minister Damien O’Connor today announced details of his planned visit to the United Kingdom and European Union next week, where he will hold trade and agriculture discussions to further New Zealand’s economic recovery from COVID-19... More>>


Transport: Clean Car Package To Drive Down Emissions

The Government is taking action in line with the advice of the Climate Change Commission to increase the uptake of low emission vehicles by introducing a range of measures that will help meet New Zealand’s 2050 carbon neutral target... More>>

ALSO:


Jewish Council: New Zealand Not Immune From Rise In Antisemitism

The representative body of New Zealand Jewry, the NZ Jewish Council (NZJC), has expressed concern about the high number of antisemitic incidents in New Zealand recorded last month. Spokesperson for the NZJC, Juliet Moses, said... More>>

NZNO: Nurses Reject DHB Offer And Confirm Strike Action

The New Zealand Nurses Organisation says its 30,000 members who work in DHBs have voted overwhelmingly to reject a second offer in their current round of multi-employer collective agreement (MECA) negotiations... More>>

ALSO:


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels