More wood in Holmen's forests
More wood in Holmen's forests The volume of wood harvested in Holmen's forests can be raised by 10 per cent or around 250,000 cubic metres a year, as the volume of growing wood has increased and still is increasing. This situation emerges from the harvesting estimates prepared by Holmen and referred to in the latest issue of Holmen Business Report. The estimates have been prepared on the basis of the latest data concerning the Group's forest holdings of more than one million hectares. The volume these forests represent increased by 1 per cent a year throughout the 1990s, and it will increase by broadly the same amount during the coming ten years. Björn Andrén, President of Holmen Skog, says: "Given the prevailing market conditions, the higher volumes available for harvesting represent the addition of some MSEK 50 a year to Holmen Skog's result. The increase in the volume of growing wood is a result of our systematic silvicultural activities. The new level, with the capacity to harvest more than 2.5 million cubic metres a year, applies for the coming decade and will rise further in the future." The figures show a considerable increase, especially in thinning, which reflects the fact that more and more plantations are reaching the age where thinning is required. Holmen's forests include more than one million hectares of productive forest land, most of which - 650,000 hectares - is located in northern Sweden. A large block of almost 300,000 hectares is located in Hälsingland and Härjedalen, while the remainder - approximately 70,000 hectares - can be found in northern Östergötland, Södermanland, Uppland and north-eastern Småland. For further information please contact Björn Andrén, President of Holmen Skog (telephone: +46 70 602 77 11. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/08/22/20010822BIT01190/bit0001.doc http://www.waymaker.net/bitonline/2001/08/22/20010822BIT01190/bit0001.pdf