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Wenita Forest Products Limited commenced business in 1990 and is a private NZ registered and operated company owned by two shareholders – Sinotrans (62%), and Fund 7 Foreign LLC (38%).
- Sinotrans (China National Foreign Trade Transportation (Group) Corporation) is one of China’s large central enterprises approved by the State Council, and was established in 1950 to manage the transport of foreign trade into, out of and across China. Sinotrans has 67,000 employees and total assets in excess of US$2.5 billion.
Wenita is Sinotrans only investment in forestry. Sinotrans remains a committed long-term investor who sees considerable opportunity to leverage the market opportunities that exist into China through its own comprehensive distribution network. - Fund 7 Foreign LLC is an United
States investment fund managed by GMO Renewable Resources
LLC (GMORR), a privately held global investment management
company headquartered in Boston, USA. GMORR manages in
excess of US$2 billion in assets on behalf of institutional
and other investors, representing more than 500,000 hectares
of high quality timberland worldwide.
Wenita own and manage a plantation forest estate of approximately 30,000 hectares (Net Stocked Area 25,000 hectares).
The annual harvest from Wenita’s plantation forest estate is approximately 340,000 cubic metres of logs, predominantly Radiata pine. The sustainable level of harvest from the Company’s forest estate is projected at 350,000 cubic metres per annum. This annual log volume is sold to a range of domestic and export processors.
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| Wenita’s office is located in Mosgiel, just to the south of Dunedin, the main city of the Otago region. All of Wenita’s forest estate is located within the Clutha and Dunedin Districts of Otago.
Sourced from its own sustainably managed plantation forests, Wenita supplies high quality log products to markets throughout New Zealand, China, Korea and India.
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