TIM 0.00% 4.4¢ timbercorp limited

Wins Award

  1. zwu
    2,417 Posts.
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    R&D Program Wins Government Award

    TIMBERCORP LIMITED 2002-08-05 ASX-SIGNAL-G

    HOMEX - Melbourne

    +++++++++++++++++++++++++
    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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