Millari Group Australia (True Blue Timber, True Blue LVL, True Blue Plywood) has entered into a sale and purchase agreement to acquire 100 per cent of JUKEN Gisborne, New Zealand Facilities, including LVL and Plywood manufacturing lines and Sawmill.

Millari NZ, guarantees over 90 per cent of locally and sustainably sourced products for the Australian Timber Industry in 2025.

Millari Group Australia is set to start producing LVL, Plywood, and Timber for the Australian Timber Industry after recently agreeing to acquire the 25-ha JUKEN Gisborne facilities in New Zealand, to be rebranded as Millari NZ. Settlement is currently expected to occur later this month.

The Gisborne manufacturing facility is located on the North Island of New Zealand at Gisborne and specialises in producing LVL, Plywood and Structural Radiata pine products. With a perfect mix of Engineered products and solid pine framing, the mill will be an asset best suited to ease the burden on businesses in Australia, which have been forced to rely on imported products due to the lack of local manufacturing.

True Blue Timber, which has been supplying high-quality and reliable imported products to Australia’s leading wholesalers, will now be driving local LVL and timber production for the Australian industry with the Millari NZ facilities.

With a significant investment over the next three years to increase the current capacities, Millari NZ plans to establish direct LVL, Plywood and Sawmill production for the Australian industry, including LVL E14, E13, E10, and LVL Formwork; structural and non-structural plywood panels and MGP and F-graded Radiaita pine, and H2, H3 and H4-treated pine.

Millari NZ will ship LVL, Plywood and Sawmill products with AS/NZS standards directly to Australia’s Eastern Coast, significantly decreasing Australia’s timber industry’s dependence on imports from Europe and Asia.

Source: arr.news