+++++++++++++++++++++++++ Federal Government agency AusIndustry has awarded Timbercorp Limited an Innovation Certificate recognising the ongoing development of new technologies that improve the productivity and profitability of blue gum plantations.
Strategic investment in new technology delivers significantly improved results from eucalypt plantations, demonstrating that the plantation industry can provide high quality wood fibre for export markets and is a real alternative to harvesting natural forests.
The award covers projects across the value chain of Timbercorp's blue gum business - genetic advances in tree breeding, precision in the establishment, nutrition and pest management of treefarms and the in-field wood processing system now being used in Western Australia for Timbercorp's first plantation harvests.
Timbercorp, Australia's largest agribusiness investment manager, operates a eucalypt plantation estate of more than 70,000 hectares in south-west Victoria, south-east South Australia and Western Australia. The company also manages major olive and almond projects in central and north-west Victoria.
AusIndustry, as the Federal Government's main business assistance agency, operates the R&D tax concession program, in which Timbercorp is a participant along with 3,500 other Australian companies.
For further information, contact:
Robert Hance CHIEF EXECUTIVE OFFICER Telephone: (03) 8615 1200
Sol Rabinowicz EXECUTIVE DIRECTOR Telephone: (03) 8615 1200 Or refer to the Timbercorp website: www.timbercorp.com.au
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