Pentarch Forestry and Nippon Paper Resources Australia have agreed to establish a joint venture in New Zealand’s wood chip sector, marking a further step in both groups’ efforts to reposition supply chains and deepen exposure to Asian demand. Under the agreement, Pentarch has acquired a 30 per cent stake in Marusumi Whangarei Limited. Nippon Paper Resources Australia is set to acquire the remaining 70 per cent later this month. The business will be renamed NP Wood Fibre Company Limited and operated as a jointly controlled entity. The transaction strengthens Pentarch’s position in New Zealand’s wood ...
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