Wood prop would stimulate $1 billion-plus investment, says timber industry

Today the Wood Processors and Manufacturers Association (WPMA) released a proposal it says would trigger $1.17 billion of investment in the sector if adopted by government.

Association spokesman Marty Verry, of Rotorua’s Red Stag Timber, says the “pro-wood” policy – which involves the government prioritising the use of timber in its role as New Zealand’s biggest building procurer – is based on similar initiatives in Japan, France, Australia and regions in the US.

 

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