31 October 2018
A Chinese company has received Overseas Investment Office (OIO) approval to lease land to build and operate a wood particle board factory in Kawerau.
When it is completed in late 2024, the factory will be one of the Southern Hemisphere’s largest single-line particle board production lines.
Fenglin Wood Industry (New Zealand) Co Limited has approval to lease approximately 33 hectares of Māori freehold land owned by Putauaki Trust.
The new factory is likely to create approximately 110 full-time jobs in the Kawerau region, introduce new technology and increase export receipts.
Fenglin also needed OIO approval because the development will cost more than $100 million.
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