Econ­omy Award

Australian Forests and Timber - - VAFI -

RYAN & MCNULTY Sawmillers re­ceived the 2014 VAFI Econ­omy Award for its on­go­ing in­vest­ment in the de­vel­op­ment of new tech­nol­ogy and mar­kets for tim­ber.

Ryan & McNulty’s aim of con­tin­ual growth has been achieved by de­vel­op­ing in­no­va­tive ap­proaches to pro­duc­tiv­ity, value added prod­ucts and the ex­plo­ration of new mar­kets.

The ob­jec­tive of Ryan & McNulty’s in­vest­ments are to in­crease their abil­ity to add value to tim­ber, and cre­ate new mar­kets through in­vest­ment and in­no­va­tion.

Ryan & McNulty have sought to re­duce the amount of wasted low grade tim­ber by de­vel­op­ing new ways to utilise it. and has given Ryan & McNulty a new prod­uct to en­ter into the mar­ket. The use of the low grade tim­ber topped by a se­lect grade tim­ber is aligned with VAFI’s goal of grow­ing the “value-add” of the Vic­to­rian for­est and wood prod­ucts in­dus­try.

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