Foresta agreement paves the way for state-of-the-art manufacturing plant in Kawarau
4 April 2024
Foresta Group Holdings Limited (ASX: FGH, "FORESTA") is pleased to announce the signing of a 30-year lease agreement, inclusive of a 20-year renewal option, for 9.6 hectares of industrially zoned land in Kawerau for its flagship manufacturing facility in New Zealand. This partnership with the Putauaki Trust, paves the way for the development of our innovative and state-of-the-art integrated pine chemicals and black wood pellet manufacturing plant, marking the commencement of Stage 1A.