Oji Gives Court Undertaking To Suspend Tender Process

Press Release – Oji Fibre Solutions

26 April 2017 Oji Fibre Solutions Gives Court Undertaking To Suspend Tender Process On Monday 24 April Oji Fibre Solutions gave undertakings to the Auckland High Court to suspend a tendering process for wood processing services at its Kinleith and Kawerau …26 April 2017

Oji Fibre Solutions Gives Court Undertaking To Suspend Tender Process

On Monday 24 April Oji Fibre Solutions gave undertakings to the Auckland High Court to suspend a tendering process for wood processing services at its Kinleith and Kawerau mills until 6 June, when a full court hearing will be held. This follows an application by Pedersen Holdings Limited last week for an injunction against Oji Fibre Solutions and its advisor Partners in Performance (NZ) Limited.

Gavin Hudson, Pedersen’s chief executive officer, said the company is concerned that the tender process is interfering with its contracts that run as far as 2024.

He stressed that the company is keen to continue to provide services to Oji Fibre Solutions. “We are disappointed we have had to take legal action to uphold our contracts. We think Oji Fibre Solutions can be a great part of New Zealand’s fibre future. We’ve got lots of ideas, and have invested millions of dollars in specialised equipment, to help them achieve that. But it needs to be done on the basis of mutual respect.”

ENDS

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