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Money to grow

INTEGRATED Tree Cropping Limited is seeking up to $60 million to establish more than 17,000 hectares of timber projects.

ITC has issued three new prospectuses for pulpwood and hardwood timbers.

ITC managing director Tony Jack said the pros-pectuses would appeal to a range of investors because of the choice in financing programs.

Commencing in 1990, ITC has established more than 21,000 hectares of eucalypt plantations across Australia.

In 1999, the first year ITC promoted to retail investors, ITC raised $25 million to establish more than 10,500 hectares of plantations.

This has put ITC in a position of being the largest planter of hardwood trees in Australia.

“ITC is committed to active research and development programs,” Mr Jack said.

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