Word: tenon
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Last December, Harvard purchased the 468,000-acre parcel of the Kaingaroa forest in the center of the North Island from Tenon Ltd., a New Zealand-based corporation that focuses on wood processing, marketing and distribution of timber...
According to a Jan. 16 notice to shareholders, Tenon Ltd., with four sawmills and a capacity of 850,000 cubic meters of timber per year, would sell a large fraction of its forestry assets, and looked to auction cutting rights to international investors...
...It’s generally understood that in order for large assets to change hands in a small department like ours, it requires foreign investments,” said Paul M. Gillard, director of legal services at Tenon...
Although Gillard did not say whether or not Tenon thought Harvard would profit from the industry, Tenon’s sellout indicates that the corporation does not look favorably on the forests as an investment...
...objects with actual uses, free of a designer's narcissism, refined over a long time, that work. The Japanese package is no less an aspect of the country's cultural heritage than the design of a "stolen view" garden or the traditional cutting of a mortise-and-tenon joint in a cedar beam. Like the rest of that heritage, it is dying. The souvenir shop of the famous Ryoanji temple in Kyoto sells boxes of tiny oblong sugar candies. The boxes are exquisitely plain, made of thin strips of unpainted pine. But touch one with a cigarette...