Companies in the timber industry / Daily News / Forestry / Wood Products / Australia and Pacific Region / China / Global
June 22, 2022
Japanese trading firms investing more in foreign forest assets
Major Japanese trading companies are stepping up their investments in forestry projects abroad. That's as they seek to achieve carbon neutrality and meet growing demand for lumber products. Mitsui & Co. plans to acquire additional shares in an Australian firm that manages forests and sells lumber. Mitsui's stake in New Forests is expected to rise to 49 percent, making it the firm's top shareholder. The Australian company currently has about 1.1 million hectares of forest under management. Meanwhile, Sumitomo Corporation aims to double the forested area it holds ...
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