CHH sends third unit into orbit

Following the direction it set with HR arm Mariner 7 and IT division Oxygen, Carter Holt Harvey has spun off its e-business unit into a separate company.

Following the direction it set with HR arm Mariner 7 and IT division Oxygen, Carter Holt Harvey has spun off its e-business unit into a separate company.

Called Velocit-e, the CHH-owned company provides consulting on e-business strategy and internet, intranet and extranet solutions.

Velocit-e grew out of CHH’s wood products division, which set up an e-business team last June. Wood products e-business general manager Darren Wallbank is head of the new company and headcount has increased from 15 to 25 in the past six months.

Wallbank says apart from CHH, Velocit-e has four external customers including a seven-member construction industry consortium which is setting up a construction e-marketplace to be called Construct Net. Velocit-e is managing the project and has issued a closed tender. Wallbank would not say who the consortium members are.

Velocit-e is also looking for customers in Australia, he says, as it has service staff in Sydney and Melbourne servicing CHH projects there.

CHH plans to sell at least part of the new company in the next six to 12 months.

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