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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.