Pan Pac Forest Products Limited
Case number(s)
Decision date
DecisionConsent granted 
Section 12(1)(a) Overseas Investment Act 2005
Decision makerThe Minister for Land Information and the Associate Minister of Finance
Decision date12 October 2023 
Pathway(s)Sensitive Land - Benefit Test 
InvestmentAcquisition of a freehold interest in approximately 601.8447 hectares of land located at Rock Station, 3137 and 3169 State Highway 5, RD 2, Te Pohue, Napier
ConsiderationWithheld under section 9(2)(b)(ii) of the Official Information Act 1982
ApplicantPan Pac Forest Products Limited 
Japan 76%
United States of America 10%
United Kingdom 8%
Various 5%
VendorMurray George King, Delia May King and Sainsbury Greer Trustee Company Limited as Trustees of the Rock Station Trust 
New Zealand 100%

The Applicant is a fully integrated forest products company, which has been operating in Hawke’s Bay since 1971, where it runs its own sawmill and pulpmill. It is part of Oji Group, a Japanese business involved in forest, paper and packaging industry, with production sites and forestry operations throughout Japan and offshore.

The Land is currently leased and used as part of a beef and sheep farm and includes 10ha of existing forest. The Land is LUC 6 (99%) and 7 (1%).

The Applicant intends to convert the Land to be used nearly exclusively for forestry activities by planting approximately 390ha of radiata pine trees. The Applicant plans to process all suitable logs harvested on the Land at its own mills.

The main benefits to New Zealand include increased revenue and export receipts from the Land, continued employment of the Applicant's employees in it mills,  increased domestic processing of primary products, and increased productivity due to the use of forestry precision technologies such as mechanised planting machine and pruner. The Investment is also likely to result in various ecological benefits, enhance an historic heritage feature on the Land, advance significant government policies and increase public access.

Consent was granted to this Investment as the Applicant met the investor test criterion and the Investment is likely to result in benefit to New Zealand.

More informationLauren Archer
Level 18
125 The Terrace
Wellington 6011

See the attached Assessment report linked below, which was published in response to an Official Information Act request:

Assessment reports for overseas investments in a number for forestry applications under the Overseas Investment Act 2005

Related files