22 September 2001
Industry NZ Funds Ngati Porou Forest Ltd Growth Plans
Industry New Zealand has helped Ngati Porou Whanui Forests Ltd buy in critical expertise to double forest plantings on
marginal Ngati Porou marginal land to 20,000 hecatres.
The Industry New Zealand funding, worth $100,000 and approved under the Business Growth Fund, is to help Ngati Porou
Whanui Forests develop business, marketing and strategic plans, financial viability planning, quality management
systems, a human resources plan, training systems and an environmental management plan.
“This is exactly the type of investment we want to see companies undertaking,” said Industry New Zealand chief executive
Neil Mackay. “Too often we see businesses not doing this groundwork which puts at risk expansion plans and perhaps the
viability of the business.
“Through the Business Growth Fund, and the advisory and facilitation work undertaken by its sister unit, the Business
Growth Service, we want to help well-established, medium-sized businesses grow in a controlled and sustainable way,” Mr
Business Growth Fund can only be used to buy services, not capital items.
To date the Business Growth Fund has helped 56 companies throughout the country with total funding worth $4.46 million.
Industry New Zealand has also been playing a leading role in the Wood Processing Strategy which currently has much of
its focus on the Tairawhiti region where the forest harvest will more than double in the next two-to-three decades.
“All this wood is a great expansion opportunity for regions, such as Tairawhiti, forestry companies, businesses and the
national economy,” Mr Mackay said. “What we have got to do is make sure everything is in place – such as training,
infrastructure and markets – to make the most of this resource.”
The services Ngati Porou Whanui Forests are buying in will allow it, in conjunction with its joint venture partner
Hansol NZ Ltd, to complete the forest cycle and maintain a sustainable forestry regime over a 20-30 year rotation. The
Business Growth Fund contribution for this project will be matched dollar for dollar by Ngati Porou Whanui Forests.
Over the next 20-30 years Ngati Porou Whanui Forests plans to have 50,000 hectares of Ngati Porou land in commercial
forests. The first forests are due to come into production in 13-15 years’ time.
For more information contact:
Phone: (04) 4956324
Ngati Porou Whanui Forests Ltd
Phone: 06 864 8362