Business

Local jobs secure after Mary Valley Mill sell-off

Imbil Mill.
Imbil Mill. Contributed

ONE hundred Mary Valley timber workers have been told their futures are secure after Hyne announced it had sold off its Imbil and Melawondi operations in the Mary Valley yesterday.

Hyne sold the Mary Valley mills to Superior Wood Pty Ltd, a company associated with the Finlayson Group for an undisclosed sum.

Hyne chief executive officer Jon Kleinschmidt said all staff were being transferred to Superior Wood Pty Ltd, with all positions, conditions and entitlements maintained as a condition of the sale.

"This amalgamation of the Mary Valley operations with Superior Wood's value adding and marketing expertise is necessary for the growth and prosperity of the industry as a whole," Mr Kleinschmidt said.

"Hyne will now focus on its core businesses of structural softwood timber production and distribution, continuing to thrive for the benefit of customers, staff, shareholders and the communities in which they work."

Hyne Chairman Martin Kriewaldt said the focus on core business had been made necessary by changing business conditions.

"The Australian timber industry has been adversely affected by a number of external forces including a downturn in construction activity, high exchange rates and strong import competition.

"Hyne has not been immune from these pressures," Mr Kriewaldt said.

"A number of hard decisions have been taken by the company in recent years.

"To stay efficient and competitive we need to concentrate on our strengths, and that's what we're doing."

Hyne family member Chris Hyne said the decision to sell the Mary Valley business was hard to reach.

"Hyne has invested heavily in the development and production of Araucaria as a plantation species and high quality timber, particularly in the Mary Valley," Mr Hyne said.

"Since 1882 Hyne has been instrumental in the development of the Queensland timber industry and have a long history of involvement in Araucaria.

"We will continue to strive to be the supply partner of first choice for our customers."

Mr Kleinschmidt said the sale to Superior Wood would enable development of an alternate business model to best utilise the unique properties of Araucaria timber.

"The Finlayson Group has a track record of investing in Araucaria production in the form of high tech value adding technology, product innovation and development of channels to market," Mr Kleinschmidt said.

Superior Wood Director Skene Finlayson said he was confident the Araucaria industry would benefit from the amalgamation of the Mary Valley operations with existing Group operations.

"Our focus is in value adding and remanufacturing of the Araucaria product, and the additional sawmill capacity will provide new opportunities to expand and improve our product range," Mr Finlayson said.

"We are pleased to offer all the existing staff their jobs under the same terms and conditions they have been entitled to while working for Hyne, and I'll be mindful of minimising the impact of the change.

Mr Finlayson also acknowledged the outstanding contribution both the Hyne family and their staff had made to the Araucaria sector over many generations.

"I look forward to working closely with the Mary Valley team and supporting their efforts."

Gympie Times

Topics:  hyne timber mary valley property



Foodies' scavenger hunt: are you up for it?

IF YOU want to give your tastebuds the flavour sensations of a lifetime, here is the ultimate foodie’s scavenger hunt through Brisbane.

5 minutes with Israel Folau on footy, life and love

Israel Folau and Silver Fern netballer Maria Tutaia announced their engagement last last year.

WE CAUGHT up with football star and Brisbane ex-pat Israel Folau.

10 reasons to head to South Bank this summer

Head to the only inner-city beach in Australia!

South Bank has a ridiculous amount of fun things to do.

Five mammoth events you need in your life

No Caption

BRISBANE isn’t known for doing things by halves…

How to make your child's every dream come true...

Take a dip at South Bank in the inner-city beach.

‘I DON’T want to do fun things, Mum and Dad’… said no child ever!

How to do Eat Street the right way

Know where to start and where to end to avoid a huge food coma before you get to experience all the goodies!

EVERY Friday and Saturday night, Hamilton comes alive.

You can do WHAT in Brisbane?!

Talk about arriving in style! Take your pub crawl to the next level with a helicopter!

BET you didn't know you could do these things in Brisbane...

Gympie activist declares justice system 'a mob of crooks'

Gary Tomlinson is facing court on trespass and assault charges.

'A mob of crooks, that's what yas are'

Kandanga butcher aims to snag national crown

MISSING LINK: Mitch Perkins is hoping to become the National Sausage King.

Mitchell Perkins is hoping to be declared sausage king of Australia.

Victory's new principal brings international experience

BRAND NEW YEAR: Victory College's new principal, Brett Costin.

Meet Victory College's new principal Brett Costin.

Local Partners

Ozzy Osbourne fell asleep during his driving test

Not a good idea to give Ozzy a Ferrari

Kristen Stewart to host SNL

Kristen Stewart will host a pre-Super Bowl episode of SNL next month

Louis Tomlinson celebrated his son's first birthday

Louis Tomlinson and Briana Jungwirth celebrate son's first birthday

Kylie Minogue will take husband's name

Kylie Minogue will take her fiancé Joshua Sasse's surname

Nicole reveals her biggest parenting challenges

Actress Nicole Kidman.

Nicole Kidman says her kids are ‘deeply attuned' to her moods.

Suicide Squad director reveals his regrets about the film

Margot Robbie in a scene from the movie Suicide Squad.

DIRECTOR of superhero flick on what he’d change about ‘flawed’ film.

Why investors are flocking to Moranbah

Moranbah homes are selling like hotcakes, creating a supply problem

Investors are scrambling to get into the market

Stockland's $150m pitch: Build it and they will come

Gladstone Marina. The Gladstone Regional Council offers a range of exciting job opportunities. Photo Contributed: Murray Ware.

Here's why we need to see Stockland upgrade start soon.

By the water's edge

Secure your seachange

Gympie attracts buyers looking for affordable seachange

Core Logic property statistics reveal the region's median house price dropped 3.4% to $269,000 in the September quarter.

Median house price drops 3.4% to $269,000 in the September quarter

Ready to SELL your property?

Post Your Ad Here!