Plans to build a $400 million lumber project at Albany have effectively come to an end after Subiaco company Lignor Ltd said it had failed to raise $350 million, triggering the resignation of its managing director Glyn Denison.
Engineered lumber company Lignor Ltd is reviewing its funding options, including the possible use of private equity, after failing to meet its own deadline for completion of a $125 million public share offer.
Subiaco-based Lignor Ltd will receive log residues from the State Government's Forest Products Commission for use in its engineered strand lumber products until December 2013, Forestry Minister Kim Chance announced today.
Subiaco-based Lignor Ltd has signed a supply agreement with Melbourne-based ITC Ltd for 100,000 tonnes of immature blue gum logs per year, with an option to supply an additional 100,000 if required.
Unlisted Perth company Lignor has taken another step towards building a $250 million engineered lumber plant in Western Australia, following the lead set by Denis Cullity's Wesbeam Holdings.
Subiaco-based Lignor Ltd has raised $16.5 million through a convertible note issue to support the planned development of a $250 million engineered lumber plant at Albany.
GREAT Southern Plantations Ltd will supply of up to 200,000 tonnes of eucalypt logs a year to the engineered strand lumber plant of unlisted Perth company Lignor Ltd, starting in 2009.
Great Southern Plantations Ltd will supply up to 200,000 tonnes of eucalypt logs per year to unlisted Perth company Lignor Ltd's engineered strand lumber plant, starting in 2009.
DEVELOPMENT of a $200 million engineered lumber plant at Albany has moved a step closer after project company, Lignor Limited, completed a $5 million capital raising this week.
