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Industry News & Markets |
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Industry News & Markets |
CHH Makes New MDF Buy |
Carter Holt Harvey has strengthened its position as a leading wood panels exporter to Asia with the purchase this week of Starwood Australia’s Bell Bay MDF plant in Tasmania for $A50m. The company’s MDF exports to Asia have grown by 60% over the last twelve months to 270,000m3 per annum. Bell Bay delivers an additional 180,000m3, increasing the company’s total MDF capacity by 36%. Carter Holt Harvey’s other MDF facilities are in Oberon, NSW and Rangiora, New Zealand. The Bell Bay facility was built in 1998 as a greenfields investment and employs 112 staff. It will enable Carter Holt Harvey to produce ‘thick’ board closer to markets in Australia’s southern states, freeing up capacity at the Oberon and Rangiora facilities to increase production of high value ‘thin’ MDF - most of which will be destined for Asian markets. Source:NZFORESTRY |
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