Economic Development Minister Simon Bridges and Science and Innovation Minister Paul Goldsmith today announced $2 million funding for a wood-processing facility which uses automation and robotics to turn low-value pine trees into high-value wood products.
This is just one of the local initiatives announced at the release of the Tairāwhiti Economic Action Plan in Gisborne.
“Forestry is a major employer in the region and this funding accelerates research and development in this sector. This technology from Wood Engineering Technology Ltd ensures that even low value ‘pulp’ logs, or forestry blocks on remote sites, can become economically viable,” says Mr Bridges.
WET Gisborne Ltd, a joint venture between Wood Engineering Technology Ltd and the Eastland Community Trust, is building a $9 million prototype plant, where this technology is being developed.
It is expected that there will be three plants on the initial site creating 120 highly skilled jobs, and see potential opportunity in opening further plants in the more remote locations of Eastland.
“The processing plant is being partly funded through a Callaghan Innovation growth grant and demonstrates how innovative technology can improve productivity and profitability,” says Mr Goldsmith.
“Delivering commercialised technology to market is a core part of Callaghan Innovation’s mandate, so it is pleasing to see the Gisborne region benefitting directly from the government’s investment in research and development through growth grants.”
| A Beehive release | February 28, 2017 ||