IKEA Continues U.S. Timberland Purchases
Ingka Investments, IKEA’s parent company, recently made two timberland acquisitions which nearly doubles its U.S. forestland portfolio. One purchase was in East Texas for 42,000 acres, following a deal for 18,000 forestland acres in southeast Oklahoma. IKEA’s U.S. forestry portfolio is now 125,000 acres.
Managing Director Krister Mattsson comments, “We are pleased to continue our forestland acquisitions in the U.S, as we see a good match between what the market has to offer and our high standards related to responsible forest management.”
IKEA has also purchased timberland in Alabama (25,000 acres in Lowndes County) and South Carolina (17,000 acres).
The retailer has 374 stores in 30 countries, including 47 stores in the U.S. with seven distribution centers.
For its forest management in the U.S., IKEA has partnered with Campbell Global, a leader in sustainable timberland and natural resource investment, to oversee and operate the property.
Latest News
Georgia Mill Planning Downtime
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Jordan Forest Products in Barnesville, Ga. is closing its lumber manufacturing plant during the months of November and December. The 91 workers there were notified on October 18 of the scheduled…
Layoffs Announced At Washington Sawmill
Portland-based lumber company Hampton Affiliates announced on October 17 that it will lay off 80 workers at its Darrington, Wash. sawmill in response to poor domestic sales and more log exports to China. The announcement…
USFS Awards Money To APA
The U.S. Forest Service, Forest Products Lab, has awarded APA—The Engineered Wood Assn. $331,000 to support several residential construction programs. The programs build on the successful Carbon Challenge design competition and seminars that were completed…
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.