Midway Limited (ASX:MWY)

Tony Price
CEO & MD
Market Cap (AUD): 80.79M
Sector: Materials
Last Trade (AUD): 0.925 +0 (+0%)
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1. About

Midway Limited (ASX:MWY) is Australia's largest high-quality woodfibre processor and exporter. Midway has operations in Victoria, Queensland and the Northern Territory covering all stages of the woodchipping process – from plantation to export:

Plantation and Land Management

Midway manages plantations on freehold and leased land held predominantly in the Otways, Upper Goulburn and Ballarat regions
of Victoria.

Through its subsidiary Plantation Management Partners, Midway manages plantations in northern Australia, Cambodia and Laos. Combined the group manages over 90,000 ha of plantation estate.

The company owns significant areas of freehold land and manages plantation projects under a range of ownership arrangements.

The company brings over 20 years experience in softwood and hardwood plantation management covering all stages from land selection, establishment, maintenance through to harvesting.

Logistics, Harvest and Haul

The procurement, processing, handling, marketing and export of wood fibre is a core component of Midway’s business.

Midway engages contractors to harvest and haul timber to processing sites, including the company owned mills and to third party facilities. We operate in compliance with timber harvesting codes of practice in the states we operate in – Vic, SA, Qld, NT and NSW.

Midway manages all aspects of harvesting for landowners plantations, including permits and approvals, roading, harvesting and haulage.

Processing

Midway Geelong. Midway wholly owns strategic processing and export facilities in Geelong.

QCE Brisbane. Queensland Commodity Exports (QCE) is the main chip exporter in Queensland, located at Brisbane Port – provides geographic and market diversity.

South West Fibre Portland. South West Fibre (SWF) is the first plantation hardwood processing and marketing operation established in the Green Triangle.

Plantation Management Partners – Port Melville. Plantation Management Partners (PMP) provides forest management services to the Tiwi Islands Corporation Trust (TPC)

Midway Logistics – Bunbury, WA. Midway Logistics is a leader in forestry services to both the Australian domestic and the international export markets.

Sales and Marketing

  • Six woodfibre products sold from four export facilities to major players in the pulp and paper industry (Plantation Hardwood – E. globulus, E. nitens and E. grandis / E.dunnii, Acacia mangium, Natural Hardwood – Sustainably managed regrowth forests hardwood and Plantation Softwood – P.carribea/P.elliotii ).
  • Exported to Japan since 1986
  • Exported to China 2003 – 2006 and since 2011
  • Sales of FSC and PEFC certified products

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk