Australian Plantation Timber Ltd
29-Oct-03
Has signed heads of agreement with Marubeni. Under the heads of agreement, Marubeni will buy the first five years’ production of woodchip from plantations managed by Australian Plantation Timber in the Bunbury region of Western Australia and a smaller quantity from the Albany region over the same period. At current prices, the gross revenue to be generated for growers amounts to some $67 million.