Fenglin Group plans to build a new particle board plant in New Zealand

New Zealand media informed that the China-based Guangxi Fenglin Wood Industry Group disclosed plans to build a new particle board plant in Kawerau district of the country.

According to the announcements, the plant is expected to produce 600,000 m3  of the wooden boards per year mainly for exports to China. The company plans to start the production at the new facility by 2020. Still, it needs to obtain Overseas Investment Office approval and other consents.

Earlier Xinhua informed that Fenglin Wood Industry Group is planing a USD 250 million investment into a state-of-the-art wood processing plant in New Zealand.

About Fenglin Group:

The company is a leading wood industry group in China.  It has 4 production bases, including three medium density fiber board (MDF) facilities in Guangxi’s Nanning and Baise, and one particle board (PB) facility in Guangdon’s Huizhou City.  Their total capacity is 800,000 m3 per annum.  The company also owns 14,000 hectares of plantations.

Source: Woodbizforum