{"id":77925,"date":"2019-08-08T07:44:58","date_gmt":"2019-08-08T07:44:58","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/new-zealand-new-sawmill-planned-on-former-waverley-sawmills-site\/"},"modified":"2025-09-19T08:51:23","modified_gmt":"2025-09-19T08:51:23","slug":"new-zealand-new-sawmill-planned-on-former-waverley-sawmills-site","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/new-zealand-new-sawmill-planned-on-former-waverley-sawmills-site\/","title":{"rendered":"New Zealand: New sawmill planned on former Waverley Sawmills site"},"content":{"rendered":"

While Waverley Sawmills is closed for business its new owner has been working towards a modern state-of-the-art sawmill on the site.\u00a0Spectrum Group bought the mill and closed it in March this year. But managing director Wade Glass said its resource consent and surrounding forest maturing in 10 to 12 years made it an ideal site for a modern, automated mill that would process higher volumes of timber.<\/em><\/strong><\/p>\n

His focus for this year was acquiring more local forests to supply the mill with timber.<\/p>\n

Also, he said, the second Arbor shareholder vote on forests was forthcoming.<\/p>\n

And, he had identified a promising new product line.<\/p>\n

\u201cWe\u2019ve identified a new product line which we intend to trial at our Gisborne mill first, with a view to rolling out at Waverley in one to two years,\u201d he said.<\/p>\n

He had earlier told Radio New Zealand that he was looking to raise $20 million to $30 million to build a new mill at Waverley in two to three years\u2019 time. Equity investors could be involved, as could the Provincial Growth Fund.<\/p>\n

Any sale of forests has to be agreed to by 75 per cent of shareholders.<\/p>\n

Glass said forest owners needed to work in tandem with the sawmill industry to prevent the failure of more New Zealand sawmills.<\/p>\n

\u201cOtherwise in future there won\u2019t be much in the way of domestic lumber supply for certain products, and we will be importing most of our lumber \u2014 some of it made from the very logs we have exported. If that\u2019s not economic suicide, I don\u2019t know what is.\u201d<\/p>\n

Spectrum Group owns Far East Sawmill in Gisborne, RH Tregoweth Sawmillers in Te Kuiti, forests, logging trucks and a log trading business.<\/p>","protected":false},"excerpt":{"rendered":"

While Waverley Sawmills is closed for business its new owner has been working towards a modern state-of-the-art sawmill on the site.\u00a0Spectrum Group bought the mill and closed it in March this year. But managing director Wade Glass said its resource … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":57897,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4713,4716],"tags":[3382,3383],"class_list":["post-77925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-in-the-timber-industry","category-latest-trends","tag-new-zealand","tag-sawmill","topic-forestry","topic-sawmilling","area-australia-and-pacific-region"],"acf":[],"yoast_head":"\nNew Zealand: New sawmill planned on former Waverley Sawmills site - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/new-zealand-new-sawmill-planned-on-former-waverley-sawmills-site\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Zealand: New sawmill planned on former Waverley Sawmills site - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"While Waverley Sawmills is closed for business its new owner has been working towards a modern state-of-the-art sawmill on the site.\u00a0Spectrum Group bought the mill and closed it in March this year. 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