As reported by Wood Central<\/a>, Juken New Zealand managing director Hiroyuki Kawado said the company had considered all options and the impending sale was brought about by ongoing financial difficulties and market conditions.<\/p>\n\n\n\nOn top of this, the market and Australia are sinking under a flood of engineered wood products from China.<\/p>\n\n\n\n
“Mountains of Chinese LVL are coming into New Zealand almost every week, seemingly out of nowhere,” an industry observer told Wood Central.<\/p>\n\n\n\n
“To establish a new LVL plant in New Zealand, or Australia for that matter, would need at least a five-year lead time that includes two years of planning and two years to get council approval and process another year to complete construction.”<\/p>\n\n\n\n
“The Chinese are building one LVL plant every three months.”<\/p>\n\n\n\n
He said the Engineered Wood Products ‘ mix’ from China more than likely also included logs from Russia processed into LVL in a ‘back-door diplomacy’ arrangement by the two countries.<\/p>\n\n\n\n
Wood One also manages 40,000 hectares of certified forest on the east coast and Wairarapa regions of the North Island for integrated production from seedlings to wood products, using a 30-year cycle of afforestation, cultivation, harvesting and afforestation.<\/p>\n\n\n\n
However, it has been more profitable to sell this resource to China, which, in turn, sends it back to New Zealand as LVL.<\/p>\n\n\n\n
The decision to close the mill was made this morning, November 17, 2023, after Wood One failed to find a buyer for the mill.<\/p>\n","protected":false},"excerpt":{"rendered":"
The shadow of closure hung over the Juken forest processing mill at Gisborne in northeastern New Zealand as Japanese owner Wood One hoped for a ‘white knight’ to keep the facility and 80 jobs afloat. But time ran out this morning, with Wood One announcing the mill’s closure. The Hiroshima-based company has invested over $700 […]<\/p>\n","protected":false},"author":17,"featured_media":15527,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[52,46,39,114],"tags":[],"ppma_author":[91],"class_list":{"0":"post-12331","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-asia","8":"category-industry","9":"category-mass-timber","10":"category-new-zealand"},"authors":[{"term_id":91,"user_id":17,"is_guest":0,"slug":"jim-bowden","display_name":"Jim Bowden","avatar_url":{"url":"https:\/\/woodcentral.com.au\/wp-content\/uploads\/2023\/01\/J-Bowden-headshot-3-scaled.jpeg","url2x":"https:\/\/woodcentral.com.au\/wp-content\/uploads\/2023\/01\/J-Bowden-headshot-3-scaled.jpeg"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/woodcentral.com.au\/wp-json\/wp\/v2\/posts\/12331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/woodcentral.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/woodcentral.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/woodcentral.com.au\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/woodcentral.com.au\/wp-json\/wp\/v2\/comments?post=12331"}],"version-history":[{"count":5,"href":"https:\/\/woodcentral.com.au\/wp-json\/wp\/v2\/posts\/12331\/revisions"}],"predecessor-version":[{"id":15529,"href":"https:\/\/woodcentral.com.au\/wp-json\/wp\/v2\/posts\/12331\/revisions\/15529"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/woodcentral.com.au\/wp-json\/wp\/v2\/media\/15527"}],"wp:attachment":[{"href":"https:\/\/woodcentral.com.au\/wp-json\/wp\/v2\/media?parent=12331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/woodcentral.com.au\/wp-json\/wp\/v2\/categories?post=12331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/woodcentral.com.au\/wp-json\/wp\/v2\/tags?post=12331"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/woodcentral.com.au\/wp-json\/wp\/v2\/ppma_author?post=12331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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