A Chinese company plans to invest US$250 million to build a massive wood-processing plant in New Zealand. Fenglin Wood Industry Group, based in Nanning, capital of south China's Guangxi Zhuang Autonomous Region, has already been carrying out a feasibility study on building and operating a highly advanced sawmill in the central North Island, Xinhua news agency reported. The plant will be built in New Zealand's Taupo region, considered the "wood basket" of New Zealand. "The estimates are around 250 jobs and a 250-million-U.S.- dollar investment to build the plant ...
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