Nippon Paper: Joint acquisition of NZ softwood chip export companyFriday 13 Feb 2026
The acquisition will be undertaken in partnership with Pentarch Forestry (PF), a diversified Australasian timber manufacturing and export company. Upon completion, NPR will hold a 70% shareholding and PF 30%, with the share transfer expected to be finalised by the end of February 2026. Following completion, NPR and PF will formalise their partnership through a joint venture shareholders’ agreement and will jointly operate the business. MWC will subsequently be renamed NP Wood Fibre Company Limited. NP Wood Fibre will operate a major New Zealand softwood chip production and export business, drawing on the country’s abundant forest resources to meet anticipated growth in global demand for softwood chips. For Nippon Paper Industries (NPI), the transaction supports the diversification of procurement sources and the establishment of a stable softwood resource supply for the Japanese market. In collaboration with PF, NP Wood Fibre will also market softwood chips throughout Asia, strengthening the revenue potential of the Nippon Paper Group’s timber-related operations. The joint venture will combine the Nippon Paper Group’s expertise in hardwood plantation management, woodchip production, and export operations in Brazil and Australia with PF’s capabilities across lumber, woodchip, and broader timber-related businesses. Leveraging the extensive sales and export experience of both NPI and PF in Australia and New Zealand, the newly established NP Wood Fibre joint venture is well positioned to capitalise on these combined strengths and further expand the forestry and timber businesses of both partners. Source: Nippon Paper Industries Image credit: Marusumi Whangarei Company | ||
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