IKEA-linked firm buys 1118 hectares at Gore for forestry

International

Marion van Dijk/StuffSubsidiaries of Ingka Group, the largest worldwide franchisee of IKEA stores, have Government-approval to purchase 1118 hectares of farm land at Waimumu, near Gore, for foresty. [File photo]A southern councillor says selling farm land to overseas companies for forestry is short-term gain for long-term pain. Subsidiaries of Ingka Group, the largest worldwide franchisee…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Limited Time 15% Promo!
Exclusive: Germany scraps plans for more stringent building standards to prop up industry
Video interview: where is construction on its tech journey?
New York State Issues Buy Clean Concrete Guidelines for State Projects
Lumber Futures – September 28, 2023
How many ‘vacant homes’ does China have right now? A former statistics bureau official has an eye-opening prediction