Oji's Pan Pac forestry unit to invest $23M to expand Milburn mill

Thu, 14 Jan 2016

By Tina Morrison Jan. 15 (BusinessDesk) - The New Zealand forestry unit of Japan's Oji Group plans to invest $23 million to consolidate and expand capacity at its sawmilling and drying facilities in Otago. Oji's Pan Pac Forest Products unit bought the sawmilling and drying assets at Milburn and Milton in Otago in November 2014 when previous owner Southern Cross Forest Products was placed in receivership. The company plans to consolidate operations at the Milburn site, which will be redeveloped, it said in a statement. Work will start next...

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