NZ timber exporter signs big Saudi deal
Thursday 18 Apr 2019A Kawerau saw miller has signed a deal with a Saudi Arabian customer to more than double its exports to the Middle East country and potentially ship around 1500 containers of processed wood products annually, its chief says.
David Turner, executive director of Tauranga-headquartered Sequal Lumber, said the "significant" deal could result in that business vastly increasing its exports to the Middle East country and the world's largest oil exporter.
But he emphasised arrangements were at a very early stage and he could not name the customer due to commercial sensitivities. "We have exported into Saudi Arabia for some time and been working the New Zealand Trade and Enterprise who have introduced us to a lot more customers around the globe and in particular in Saudi Arabia," Turner said.
"This new customer could take around 1500 container loads of timber annually which would more than double the amount we send there," he said. The deal was signed in November and would move to its next level this year.
"Our first trial shipments were in January and since then, the relationship has grown and I've arranged to meet the CEO in Germany in May. Now, we take the base relationship and build on it," Turner said. More >>.
Source: NZ Herald
Copyright 2004-2019 © Innovatek Ltd. All rights reserved.