Australia’s biggest listed high-quality wood fibre processor and exporter, Midway Limited is underway with the building of its own wood fibre processing and export facility at Bell Bay.
Midway Managing Director, Tony Price, said the company is internally funding up to $5 million on the project in the current financial year and expects to begin exporting from the facility by December 2021, subject to final environmental approvals.
Mr Price said the project followed an agreement with the TasPorts that will allow additional exports of wood fibre to new and emerging markets from Bell Bay.
“Midway already exports its own and third party wood fibre from another facility at Bell Bay but decided to build its own export facility to provide additional capacity to facilitate growth in sales volume having successfully secured significant additional resource from both publicly and privately owned forests.”
“As a result, Midway was able to offer TasPorts guaranteed wood fibre volumes and deliver a fit for purpose logistics solution that will facilitate further growth in the Tasmanian forest industry,” Mr Price explained.
“Under the agreement, TasPorts will provide Midway with an extended lease on an area in the Bell Bay Industrial Estate to receive and process forest products, and transport product for stockpiling in the Port at Berth 7. Midway will install its own processing and transport equipment at this site and utilise the adjacent ship-loading infrastructure at Berth 6.”
The Chief Operating Officer of the Tasmanian Ports Corporation, Mr Stephen Casey, said TasPorts is delighted to be entering into a new partnership with Midway that will open up new markets for the Tasmanian forest industry.