Midway timber exporter reviews Bell Bay operations amid cost pressures
Timber exporter Midway Limited is reviewing its Tasmania operations. Low timber prices and rising diesel costs drive the decision.
Midway Limited is a major Australian wood fibre exporter. The company is reviewing its four-hectare processing site in Bell Bay, northern Tasmania.
Chief executive Anthony McKenna cited woodchip prices and rising diesel costs as the main reasons. The company will assess its next steps after loading a vessel in November.
About 15 staff work at the site. The company also contracts with several timber haulage businesses.
Contractors were told last week the company was leaving Tasmania. But McKenna said that would be wrong.
The company has several investments and projects in the state. The Tasmanian Government is working with Midway to explore support options.
These include grants and concessional finance.
- Four hectares
- Site size
- About 15
- Tasmanian staff
- Bell Bay, Victoria and Queensland
- Company offices
Why it mattersThe review threatens jobs in a regional Tasmanian industry. It also highlights pressure on timber exporters. This pressure comes from global markets and fuel costs.
AustraliaAbout 15 Tasmanian jobs and contractor work at Bell Bay depend on the outcome of Midway's operational review over the next few weeks.
✓ Claims checked against the source. checked 2 h ago
Open this story in InSnip →
