Eastland Community Trust (ECT) to buy Prime Sawmill in Gisborne, New Zealand, for NZ$7.4 million ($4.7 million). It includes a green mill, capable of processing 500 cubic metres of timber in 10 hours, and a dry mill which dresses timber for market. The facility also includes an export shed and facilities for log storage, debarking, cutting, kiln drying, processing, dry storage and dispatching via rail.

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Eastland Community Trust to buy Prime Sawmill in Gisborne for NZ$7.4 million ($4.7 million)

Sep 22, 2015. /Lesprom Network/. Eastland Community Trust (ECT) to buy Prime Sawmill in Gisborne, New Zealand, for NZ$7.4 million ($4.7 million), as ECT said in the press release received by Lesprom Network.

It occupies 22.32 hectares just South of the city and approximately 10ha and contains a modern, fully operational sawmill. It includes a green mill, capable of processing 500 cubic metres of timber in 10 hours, and a dry mill which dresses timber for market. The facility also includes an export shed and facilities for log storage, debarking, cutting, kiln drying, processing, dry storage and dispatching via rail. A further 3.4 hectares between the railway and the road has been planted in Pinus Radiata, while seven hectares has been leased for annual cropping.

“We are looking at a project that has the potential to create 120 jobs onsite, 300 jobs offsite and inject $6.7million in to the local economy within three years. In the short-term, we should see the creation of 50 jobs and the injection of around $1million into the local economy via site works,” ECT chairman Richard Brooking said.

“Key to this growth is our privately owned stock of wood, which is significantly higher than other regions in New Zealand. We have a substantial volume of uncommitted, clear-pruned, good quality, quick-grow logs close to the processing site.
“Tree rotations are anywhere from 23 to 28 years and we have been waiting for the right raw product to grow. It’s ready and so are we,” he added.