Hyne Timber was officially inducted into the Queensland Business Leaders Hall of Fame by The Honourable Quentin Bryce AD CVO.
In his acceptance speech at the black-tie event held recently in Brisbane, Director Peter Hyne, representing the 5th generation of the Hyne family, thanked all employees, both past and present throughout the 133 years of the company’s existence. Attributing the unique recognition to the employees’ dedication and hard work, he commented that the Hyne family has always acknowledged their people as their most valuable asset.
He noted the contribution of Hyne employees to Queensland’s economic and social development across a vast and diverse supply chain. Hyne Timber has survived through wars, floods, recessions and most recently, the global financial crisis since the company’s beginnings in 1882. The company has constantly evolved, innovated, grown and condensed, changing their products and processes over the years while retaining their family values throughout.
Peter Hyne recalled that there were even dark periods in their history, which saw Hyne Timber paying employees to ensure they could feed their families despite the company having absolutely no orders.
Peter Hyne, on behalf of the Hyne Timber Board of Directors and the management team, expressed his sincere thanks to the Business Leaders Hall of Fame Governing Committee for their nomination.
QUT Deputy Vice-Chancellor Professor Peter Little said Hyne Timber had made a significant contribution to developing the timber industry in Queensland. He added that Hyne Timber was a fantastic example of how hard work and innovation can transform a small family business into a flourishing industry leader.
As an inductee into the Queensland Business Leaders Hall of Fame, Hyne Timber satisfied the following criteria: Sustained leadership, which has significantly enhanced the Queensland economy; Major financial contributions to the Queensland economy through the generation of revenues and employment; Pioneering the establishment of an industry, which has made a major contribution to the economy of Queensland; Outstanding contribution to the reputation of the Queensland economy; Achievement of iconic status as a leader, business, product and brand; Length of service having been established since 1882.
The Queensland Business Leaders Hall of Fame was established by the QUT Business School, the State Library of Queensland and the Queensland Library Foundation in 2009 to recognise the public contribution made by leaders of business to the reputation of Queensland and its economic and social development.