InvestNow News 16th August – Milford – A closer look at Port of Napier’s IPO
Port of Napier is the fourth largest port in New Zealand and its key exports include forestry products, pip fruit and other local produce.
The port has an attractive catchment in the Hawke’s Bay region, with roughly 85% of cargo coming from within 100 km. Due to the region’s geographic isolation, there is a very high cost of transporting cargo to alternative ports, providing the port with a strong competitive advantage.
This regional catchment offers good medium-term growth opportunities from forestry and pip fruit growth.