Increased government funding to help businesses with sustainability

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Two manufacturing companies can take a new step in innovation and sustainability thanks to an injection of funds from the government’s Regional Strategic Partnership Fund.

The fund provided a $1.7 million loan to logging company Techlam in Levin to install machinery to reduce manufacturing waste by 25% and turn waste into value-added products.

It is also providing $2 million in the form of a loan or capital to Plentyful in Rangitīkei, which creates sustainable plastic products, to build a manufacturing plant in Marton.

Economic and Regional Development Minister Stuart Nash announced the funding to Techlam on Wednesday morning as part of the government‘s approach to supporting innovative businesses that create wealth and jobs in the regions.

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Economic and Regional Development Minister Stuart Nash speaks with Techlam Chief Executive Brett Hamilton.

WARWICK SMITH / Stuff

Economic and Regional Development Minister Stuart Nash speaks with Techlam Chief Executive Brett Hamilton.

nash said Things Techlam and Plentyful were growing companies that provided jobs.

Techlam’s work with wood has benefits in replacing steel with wood products in construction and contributing to decarbonization through the use of more trees, he said.

“We want to eliminate waste from our economy and our environment and these guys are doing it brilliantly. When I talk about government values, I tend to think that the values ​​also represent those of our communities.

“By that I mean eliminating waste and optimizing everything, as well as removing carbon, creating jobs in Levin and wealth here.

“We need to stop sending raw products overseas and importing finished products into New Zealand as much as possible. These are two classic examples of innovative Kiwis achieving this. »

He said that for a lot of companies, funding like this made the difference between taking the next step or not.

“It builds confidence and optimism in businesses to take the next step and with very tight labor markets at the moment, we really encourage businesses to invest in factories and machinery that will boost that productivity. “

Nash hoped funding for these businesses would convince young people that there were viable work options in the regions.

Levin-based company Techlam aims to reduce its manufacturing waste with <a class=government funding.” style=”width:100%;display:inline-block”/>

WARWICK SMITH / Stuff

Levin-based company Techlam aims to reduce its manufacturing waste with government funding.

“These are innovative, well-paid and [it] fits into this strategy in the regions that we are trying to create, that is to say the opportunities and the growth. »

He said the two companies are leading the way in sustainability in a high-tech industry with their cutting-edge, eco-friendly manufacturing processes.

Techlam chief executive Brett Hamilton said the funding was part of a $3.5 million project, which would take the company to the next level and allow it to grow with the market.

“It’s not just about creating more products, it’s about reducing our waste stream as well as eliminating the waste we send to landfill, or reducing it and using it in products. “

Some equipment has already been installed and extensions have been made to the plant. More machines are in the works and the second stage improves the carpentry side of the business.

Techlam has been in operation for 30 years supplying timber materials to merchants and construction companies across New Zealand and exporting them.

“We are excited to continue our growth and continue to provide jobs in the region.

The investment in Plentyful will support the manufacture of PHBV bioplastic-coated paper packaging products, replacing the paper packaging process, which typically has oil-based plastic liners, with a marine compostable and biodegradable alternative.

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