PRESS RELEASE: Exciting Joint Venture Announcement: Wandarra Pty Ltd and Hexcore Pty Ltd unite in addressing key Australian Government initiatives: Reduction in carbon emissions and housing construction targets, using environmentally sustainable innovation.
Townsville, Queensland, October 2, 2024 – Wandarra Pty Ltd and Hexcore Pty Ltd are thrilled to announce a
groundbreaking joint venture that promises to revolutionise the sustainable building materials industry. This
strategic partnership combines Wandarra’s expertise in industrial hemp production with Hexcore’s innovative
hemp composite technologies, setting a new standard for eco-friendly construction solutions.
This partnership aims to transform the industrial hemp construction industry across Australia, in doing so
addressing the Australian Government’s key initiatives in Carbon Reduction Emission and Housing
Construction targets, supporting environmental sustainability by leveraging Wandarra’s regional resources
and Hexcore’s cutting-edge technologies.
Wandarra Pty Ltd, “BEyond Green”, is a leader in vertical integration of
industrial hemp cultivation and processing, bringing in its cutting-edge
ThriveTech™ – “Grow Better Now” and Trace360™ – “Seeds to Success”
platforms to the table. These technologies ensure maximum yield,
quality and traceability, making Wandarra a pioneer in the hemp industry.
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Key Highlights of the Joint Venture:
Innovative Products: The collaboration will focus on developing a new range of hemp-based construction
materials that offer superior strength, durability, and sustainability.
Environmental Impact: By leveraging the carbon-sequestering properties of hemp, the joint venture aims to
significantly reduce the carbon footprint of construction projects whilst improving the regenerative
properties of soil used for hemp crops.
Economic Growth: This partnership is set to boost the North Queensland economy by creating advanced
manufacturing jobs, creating long term demand for hemp crops with regional farms, alleviate building
material shortages, investing in critical infrastructure and regional development.
Research and Development: Both companies will pool their R&D resources to drive innovation and stay ahead
in the rapidly evolving sustainable materials market.
Hexcore Pty Ltd, renowned for its range of existing sustainable
hemp composite materials, has been at the forefront of creating
high-performance, eco-conscious construction products. Their
commitment to reducing the environmental footprint aligns perfectly
with Wandarra’s mission.
Wandarra Pty Ltd , Unit 3/304 Boundary St, South Townsville. QLD Australia 4810; [email protected] Page 2/2
Quotes from Leadership:
Steve Tiley, CEO of Wandarra
“This joint venture marks a significant milestone in our journey towards a sustainable future. By combining
our strengths, we are poised to deliver unparalleled value to our customers and the environment and
meaningfully addressing the two key Australian Government initiatives- carbon reduction emissions and
housing.”
Brett Boag, CEO of Hexcore
“We are excited to partner with Wandarra and leverage our combined expertise to create revolutionary
products that will redefine the construction industry.
Stay tuned for more updates as Wandarra Pty Ltd and Hexcore Pty Ltd embark on this exciting journey. For
more information, please visit Wandarra and Hexcore.
For more information, visit Wandarra’s website and HEXCORE’s®’ website.
Media Contacts:
Iljko Miocevic, CMO Wandarra, [email protected]
Brett Boag, Hexcore 0406 289 090