Australasia's home for timber news and information

Carter Holt Harvey to list on NZ and Australian stock exchanges

13 May 2015
New Zealand-based wood products supplier Carter Holt Harvey has said it is preparing for an initial public offering, which would involve listing on both the Australian and New Zealand stock exchanges. Sources: The Australian, Radio New Zealand, NBR The announcement comes after months
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Wairarapa encouraged to take-up grants

13 May 2015
Wairarapa landowners are being encouraged to take up a grant scheme to plant forests, which has just received a $NZ22.5 million boost. Sources: Wairarapa Times, New Zealand Herald Associate Primary Industries Minister Jo Goodhew made a pre-Budget announcement at Federated Farmers Wair
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NZ’s new afforestation grant scheme

13 May 2015
The New Zealand Government this week confirmed a multi-million dollar reboot of the popular Afforestation Grant Scheme (AGS), Associate Primary Industries Minister Jo Goodhew says. Sources: Timberbiz, Radio New Zealand, Stuff NZ, New Zealand Herald The new version of the scheme will s
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Southland a hub for energy efficient wood

07 May 2015
New Zealand’s Energy and Resources Minister Simon Bridges said that Southland is fast becoming a hub for the nation’s energy efficiency activities and he believes this can play a vital role in growing Southland’s economy. Sources: Scoop News, Timberbiz “Southland is home to some excit
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NZ Timber Industry disappointed by Cash Rate hold

07 May 2015
Members of the New Zealand Timber Industry Federation have expressed disappointment at the Reserve Bank’s decision to hold the Official Cash Rate (OCR) at 3.5%. Sources: Scoop News, Timberbiz President, John McVicar is questioning the logic of the Reserve Bank’s decision when a large
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Low pay for contractors may bite back

07 May 2015
Many tāngata whenua work as contractors in New Zealand and according to the general manager of Kajavala Forestry the low pay rates were causing many to leave the industry. Source: Radio New Zealand Forestry workers had been hit hard recently. There was the redundancy of 200 workers at
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Private school sells forest interests in NZ

07 May 2015
New Zealand’s Christ’s College, one of the country’s most expensive private schools, has sold a stake in some Wairarapa forestry blocks to the Chinese for an undisclosed sum. Source: Stuff.co.nz More than 2000 hectares of Wairarapa forests were sold to overseas buyers, acc
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Australia and NZ increase softwood log exports to China

30 April 2015
Log import volumes to China typically increase in the month of March every year and 2015 was no exception with a 76% jump from the previous month. The softwood log imports reached 2.9 million m3. Source: MarketWatch This is the highest monthly volume since early in 2014, and incidenta
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Carter Holt Harvey looks to divest in NZ

30 April 2015
FIRST Union confirmed that members at Bestwood, a division of Carter Holt Harvey (CHH) Woodproducts, have been advised of a proposal by Carter Holt Harvey (CHH) to sell the division to New Zealand Panel Group. Source: Voxy.co.nz The sale could see the closure of the Wiri and Rangiora
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Mixed results for NZ timber market

23 April 2015
Hancock Forest Management (NZ), a division of the world’s largest timberland investment manager, is confident about the outlook for New Zealand timber. Source: Sharechat “The domestic market right now is on a pretty firm footing. There is some pretty solid construction act
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