Japan's trading firms to invest in forest projects to boost lumber demand
Posted on June 27, 2022 |
- Mitsui & Co. plans to obtain shares in an Australian firm that manages forests and sells lumber, which will increase its stake in the forests by 49%.
- Sumitomo Corporation plans to double its forested area in New Zealand to 100,000 hectares by March 2024.
- Marubeni is also planting more trees in Indonesia to boost lumber supply.