This is a well established company managing mature forests and we expect this investment to generate significant cash flow for our investors, said Henry Whittemore, director of investment and acquisitions for FourWinds Capital Management, which manages Phaunos.Phaunos expects the purchase to help it grow presence in China and gain access to other Asian markets.Matariki is managed by Rayonier New Zealand, a subsidiary of Rayonier (NYSE: RYN).Phaunos has announced investments totalling US$200 million since 30 November 2009, including a purchase and sale agreement for US$77 million to acquire approximately 20,000 ha of standing eucalyptus plantations in Minais Gerais, Brazil and the purchase of an additional US$7.9 million interest in Green Resources AS, East Africa’s largest forestry company, which manages mixed species standing timber plantations in Uganda, Mozambique, and Tanzania, and operates East Africa’s largest sawmill.Completion of the transaction is conditional on the transfer of all forestry right certificates and is expected to close by mid February 2010.Phaunos said that the Chinese forest industry has started recovering from the global financial crisis as, according to China Customs, lumber import has increased 37% from January to November, while pulp import increased 44%, suggesting better prospects for the industry in 2010.is one of the most important timber markets in the world. We believe that China will continue to face fibre shortages into the foreseeable future. By acquiring forestry assets, managing operations and improving silvicultural practices, we can add value to the underlying assets.
I have full confidence that this will be done in a way that befitting the issue and befitting the legislative process. The years that the Legislature has resisted the anti discrimination legislation, 10 Idaho cities, including Sandpoint, Coeur d’Alene and Moscow and Lewiston, have passed local ordinances banning discrimination against gays. The small eastern Idaho city of Driggs became the 10th on Jan.
Oyeyemi et al. (2018) reported major gaps in physical activity research in Nigeria (4). Overnutrition and physical activity data, in our view, should be a research priority when developing obesity prevention policy.. Vietfish 2018, lasting through August 24, also features many workshops discussing the market situation, production trends and other hot topics in the fisheries sector at present. Ngo Van Ich, Chairman of the Vietnam Association of Seafood Exporters and Producers, said over the last 20 years, Vietfish has established itself as a leading and influential fisheries exhibition in Asia as seen in the surge of exhibitors, booths and visitors. He noted [Read more.] about BUSINESS NEWS IN BRIEF 23/8.