Company Statement

28 Mar 18

Our Stories

OneFortyOne has today confirmed that it will not be undertaking any further investigation into a proposed greenfields particleboard mill at Tarpeena.

The decision not to proceed to the next stage follows two years of extensive work into the feasibility of such an investment.

The feasibility study concluded that while the mill may have made a positive contribution economically, the significant industry changes including strong domestic market growth and two local acquisitions over the last two years have significantly changed market conditions.

OFO will focus on its immediate opportunities, including investing in and bringing together the activities of its mill and forestry businesses.

OFO will review any new opportunities for investment that may emerge.

OneFortyOne acknowledges the Traditional Custodians of Country throughout Australia and their deep connections to land, water, and community. We pay our respect to Elders past and present and extend that respect to all First Nations people today.

In Aotearoa New Zealand, Māori communities have a strong spiritual connection between people and the land – the wellbeing of one sustains the wellbeing of the other. We strive to build meaningful relationships with iwi as tangata whenua (people of the land/region), to be responsible intergenerational kaitiaki (stewards/guardians) of the land where our forests grow.