Word: timber
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Meyer said he could not comment on Harvard’s investment in the timber industry in the United States and South America...
Meyer described a plan that would allow Harvard to reap maximum reward from its New Zealand property by waiting for the forest to recuperate for a number of years before harvesting the 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...
...purchase it at a price far less than what the property was sold at four or five years ago,” Meyer said. “But the timber industry has been stressed recently...
Despite selling many of its forest assets, Tenon maintains confidence in the resilience of the timber industry as a major source of profit...