Strategic review of Forestry Tasmania needed to guarantee future of business integral to Australian state's timber industry, says energy and resources minister

HOBART, Australia , November 30, 2011 (press release) – The Minister for Energy and Resources Bryan Green said today Forestry Tasmania is an important part of the State’s timber industry and a strategic review of the business will help ensure it adapts to future challenges.

“Forestry Tasmania has not been immune to the affects of changes in global markets and the review is examining the future structures, governance and business models under which it operates,” Mr Green said.

“Tasmania’s forest industry is a very important contributor to our economy and the many communities that rely on it.

“The forestry industry has created billions of dollars of wealth for Tasmania over its long history and it employs thousands of people directly and indirectly.

Mr Green said Forestry Tasmania is crucial to the ongoing operations of family-owned sawmills and veneer mills.

“FT is an integral part of our timber industry and as it adapts to changes in world markets the business must also look to the future.

“While some changes to the business model may be needed to accommodate the external business environment, the Government wants to ensure that it retains the professional knowledge and expertise that exists in Forestry Tasmania,” Mr Green said.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.