Wednesday 26 June 2024

Midway (ASX:MWY): Growing, processing and exporting high quality Australian woodfibre

Midway (ASX:MWY) is a large-scale integrated Australian woodfibre processor and exporter, with a growing plantation and carbon management business. Its fibre is used in recyclable paper and packaging, plastic replacement products and coal replacing energy generation across the Asian region. The company is now using its broad-ranging timber sector expertise to scale a plantation carbon management business that is generating carbon abatement and emissions offsets solutions. Ahead of appearing at the AgFood conference, Managing Director and CEO Tony McKenna speaks with The Stock Network’s Lel Smits.

1. Diversified business
What are the advantages of Midway having operations that extend across all stages of the wood-chipping process?

2. Current trading conditions
Midway is in the process of creating a carbon management business. What key milestones have recently been achieved in this strategic initiative?

3. Demand for Australian woodfibre
Your recent trading update mentioned some recent softness in demand for Australian woodfibre in key export markets. What could underwrite stronger demand for this key soft commodity over the coming 12 months?

4. Sustainability question
How is Midway meeting its stated commitment to undertake sustainable production through responsible management practices across its plantations and downstream facilities?

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