It's hoped a new fund will unleash opportunities for New Zealand's domestic wood processing sector.

Government is putting $57 million into the industry, aiming to process more logs onshore, create high-wage jobs and aid climate change goals.

Forest Industry Contractors Association Chief Executive Prue Younger told Kate Hawkesby the problem the industry is facing is heavy reliance on export markets.

She says when those markets are down, the workforce is significantly impacted and not only are the trees not being sold, but contractors are losing days at work.

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It's hoped a new fund will unleash opportunities for New Zealand's domestic wood processing sector.
Government is putting $57 million into the industry, aiming to process more logs onshore, create high-wage jobs and aid climate change goals.
Forest Industry Contractors Association Chief Executive Prue Younger told Kate Hawkesby the problem the industry is facing is heavy reliance on export markets.
She says when those markets are down, the workforce is significantly impacted and not only are the trees not being sold, but contractors are losing days at work.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.