Australasia's home for timber news and information

OneFortyOne purchase of Nelson Forests confirmed

21 August 2018
OneFortyOne (OFO) has received confirmation that the Overseas Investment Office (OIO) has approved its purchase of Nelson Forests. The completion date for the purchase will be Tuesday the 4th of September 2018. Source: Timberbiz Nelson Forests, currently owned by investment funds advi
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Emissions Trading Scheme revisions for climate change goals 

16 August 2018
Forest owners are calling the proposed revisions to the Emissions Trading Scheme (ETS) both timely and necessary they say if New Zealand is to hope to meet its greenhouse gas reduction targets. Source: Timberbiz Forest Owners Association President Peter Weir says the Te Uru Rākau disc
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Xlam joins NZ government to provide employment

14 August 2018
New Zealand Minister of Social Development Carmel Sepuloni has announced a partnership between XLam NZ Ltd and the Ministry of Social Development. Source: Timberbiz “The Ministry of Social Development and Xlam will work together to create entry-level manufacturing and construction opp
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OFO maps its future growth in Australia and NZ

14 August 2018
OneFortyOne Plantations(OFO) is consolidating its position as a new vertically integrated company, including potentially using bioenergy as it maps future growth in Australia and New Zealand. Source: Philip Hopkins for Timberbiz The company’s executive general manger – forestry,
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NZ report on trees for steep erosion prone land

09 August 2018
A report on alternative plantation forest species is now available on the New Zealand Farm Forestry Association website detailing the characteristics of a wide variety of tree species that are suited to steep erosion prone land and which have root structures that may better resist lan
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Carter Holt Harvey in High Court with Shadowclad

09 August 2018
A multi million dollar court action seeking damages from building products giant Carter Holt Harvey has been filed at the Auckland High Court. Sources: Newshub, Stuff NZ It is seeking at least NZ$40 million in damages on behalf of owners of properties constructed with Shadowclad. Shad
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NZ government could help keep Triboard afloat

07 August 2018
New Zealand’s Regional Economic Development Minister Shane Jones has suggested state funds could be used to safeguard Kaitaia’s biggest employer. Source: Radio New Zealand The plant in question is run by Juken New Zealand, a subsidiary of Japan’s Juken Nissho. It employs 3
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Historic year for major forestry region

07 August 2018
  This year will go down in history as it marks the introduction of the inaugural Green Triangle Timber Industry Awards across Victoria and South Australia. The awards are all about celebrating and rewarding individuals and companies involved in the timber industry for the dedica
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Australian fund buys into NZ forestry

07 August 2018
The land beneath about 22,500ha of Otago forestry blocks has been sold to a specialist Australian forestry investment fund for an undisclosed price, and the fund has also bought a 38% stake in Otago’s largest timber producer, Wenita Forest Products. Sources: The Australian, The
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XLam appoints head of business development

30 July 2018
In the midst of an investment a growth phase, New Zealand prefabricator XLam is expanding its senior management team with the appointment of John Eastwood as the head of business development for Australia and New Zealand. XLam is Australasia’s only manufacturer of CLT. Sources: Timber
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