Forico shows that it’s in the busi­ness for the long haul

7 mil­lion seedling plant­ing pro­gram com­pleted

Australian Forests and Timber - - IN THE NEWS -

FORICO HAS demon­strated its long-term com­mit­ment to the plan­ta­tion forestry sec­tor in Tas­ma­nia as it com­pleted its ex­ten­sive 2016 plant­ing pro­gram with a to­tal of 7 mil­lion seedlings hav­ing been planted dur­ing the sea­son from Septem­ber to early Jan­uary.

That means more than 6,300ha of fal­low land and re­cently har­vested plan­ta­tion land has been re­planted to cre­ate a new crop of high-qual­ity wood fi­bre for the fu­ture.

“This is per­haps the largest cur­rent plan­ta­tion es­tab­lish­ment pro­gram by a sin­gle com­pany in Aus­tralia,” said CEO, Bryan Hayes.

More than 60 peo­ple were en­gaged by Forico and its con­trac­tors to achieve the tar­get area of re­for­esta­tion at a cost of $15m.

“We are es­pe­cially grate­ful for the con­tri­bu­tion of all of our ser­vice providers and our staff in achiev­ing this his­toric re­sult,” said Mr Hayes.

Since its es­tab­lish­ment by forestry in­vest­ment man­ager New Forests in Septem­ber 2014, Forico has planted 3,582ha in 2015 and now 6,300ha in 2016, clearly demon­strat­ing that it is here for the long term.

All Forico land and forests, both plan­ta­tion (100,000ha) and na­tive forests (81,000ha) are cer­ti­fied against the For­est Stew­ard­ship Coun­cil (FSC) For­est Man­age­ment stan­dard and PEFC Aus­tralian Forestry Stan­dard.

Forico pro­vides high-qual­ity wood fi­bre to Asian pulp and pa­per pro­duc­ers from its 100,000 hectare plan­ta­tion es­tate.

All na­tive for­est is man­aged for con­ser­va­tion and eco­log­i­cal ser­vices un­der the unique Forico busi­ness model.

Forico Pty Lim­ited is the man­age­ment com­pany es­tab­lished by New Forests to man­age a 181,000 ha es­tate in Tas­ma­nia, com­pris­ing 100,000 ha of plan­ta­tions and 81,000 ha of nat­u­ral veg­e­ta­tion. The an­nual sus­tained yield of wood fi­bre from the plan­ta­tions is 1.5 M gmt pa. The as­sets in­clude 2 wood­chip mills, a seedling nurs­ery and a fi­bre tech­nol­ogy lab­o­ra­tory. Forico is based in Launce­s­ton, Tas­ma­nia.

New Forests is a sustainable real as­sets in­vest­ment man­ager of­fer­ing lead­ing-edge strate­gies in forestry, tim­ber pro­cess­ing, in­fra­struc­ture, land man­age­ment, and con­ser­va­tion. Founded in 2005, the com­pany’s in­vest­ment pro­grams fo­cus on the Asia-Pa­cific re­gion and the United States, with more than $A3.6 bil­lion in funds, as­sets un­der man­age­ment, and com­mit­ted cap­i­tal. New Forests’ clients in­clude pen­sion funds, su­per­an­nu­a­tion funds, and other in­sti­tu­tional in­vestors. The com­pany is head­quar­tered in Syd­ney, with of­fices in Sin­ga­pore, San Francisco, and New Zealand.

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