Fletcher's Laminex exits 10-year investment in Southland MDF plant with sale to Daiken

Thu, 31 May 2018

By Jonathan Underhill May 31 (BusinessDesk) - Fletcher Building's Laminex NZ unit has exited a 10-year investment in a Southland medium density fibreboard plant with Tokyo Stock Exchange-listed Daiken getting clearance to buy the 124ha site at Mataura, Southland. Daiken convinced the Overseas Investment Office with a plan to increase capacity at the facility, which was likely to increase New Zealand's exports and drive up demand for pulp logs. Daiken has an existing MDF plant in Rangiora, north of Christchurch. It has acquired Dongwha New...

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