ACCC opposes Gunns’ ITC acquisition
November 26, 2009
The Australian Competition and Consumer Commission will oppose Gunns’ acquisition of ITC Timber due to concerns the sale would diminish market competition.
Gunns announced at the end of August it had agreed to owner Elders’ terms of sale for the timber processing division of ITC, which is separate to the forestry and managed funds sections of the business and includes mills in Victoria, Tasmania and New South Wales. Read more
Woodchip export price maintained
July 1, 2009
The bluegum sector has received a welcome boost with negotiations securing maintenance of the existing export price for Australian plantation hardwood.
Port of Portland chief executive Scott Paterson said a price drop had been expected due to “supply and demand issues” in the current economic climate. Read more
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