Changing structure planned for NZDFIFriday 2 Feb 2024
Since that time, the team has worked tirelessly on durable eucalypt breeding, research and development, towards their vision of creating sustainable regional durable hardwood industries in New Zealand. In July 2022, a separate entity was established, New Zealand Dryland Forests IP Ltd, with the XyloGene brand. This was the start of activities to commercialise genetically improved durable eucalypt germplasm via a royalty payment system on sales of genetically improved plants. The establishment of NZDFIP Ltd effectively separated commercial activities from the much broader focus of NZDFI’s research and development programme. The next phase of their development is now underway. New shareholders are being sought who recognise the value that NZDFI has created by working collaboratively. The plan is to deliver tree breeding, research and extension services to new shareholders in a similar way to that which the Radiata Pine Breeding Company undertakes for industry. They want to focus their communication and education into building the industry capability needed for a New Zealand durable hardwood industry. Up to 49% of the NZDFIP Ltd shareholding is on offer to forest growers that have the land, capability, and a strategy to diversify by investing in large-scale planting with elite germplasm. Expressions of interest are being sought from NZ forest companies that have shown interest in diversifying with their durable eucalypts. If all goes to plan, the new ownership structure could be in place by mid- 2024. For more information, please contact Paul Millen, p.millen@xtra.co.nz. Click here for the full media release. Source: NZDFI | ||
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