Raiders of NZ's logs: Consumers will pay for timber crisis

Raiders of NZ's logs: Consumers will pay for timber crisis
In calendar 2019, 35,898,790 tonnes of logs were produced in New Zealand with 13,847,610 of those processed here.
Rebecca Stevenson
Consumers will pay the price for New Zealand’s failure to deal with unfair trading conditions in the global log market, the Wood Processors and Manufacturers Association says.Chief executive Jon Tanner (pictured below) said the current supply crunch and decision by NZ’s largest supplier of structural timber, Carter Holt Harvey, to cut off ITM, Mitre10 and Bunnings is a result of mostly Chinese buyers paying inflated prices for logs backed by government subsidies.BusinessDesk revealed on Friday that Carter Holt Harvey had halted supp...

More Infrastructure

Opening day congestion for untolled Penlink highway – NZTA
Infrastructure

Opening day congestion for untolled Penlink highway – NZTA

The road should be redesigned if the Government chooses not to toll, agency said.

Oliver Lewis 26 Jul 2024
Downtown car park building legal challenge 'resolved'
Infrastructure

Downtown car park building legal challenge 'resolved'

Society challenging the sale to Precinct raised 0.4% of its High Court funding target.

Oliver Lewis 25 Jul 2024
Govt to fight receivers over $30m Tui oil field tax credit
Infrastructure

Govt to fight receivers over $30m Tui oil field tax credit

Crown bid to have liquidators cover decommissioning costs is subject to approval.

Victoria Young 24 Jul 2024
Govt agrees 'in principle' to $10b worth of Northland roading PPPs
Infrastructure

Govt agrees 'in principle' to $10b worth of Northland roading PPPs

The Northland expressway project could be one of the first PPPs out of the gate.

Dileepa Fonseka 23 Jul 2024