Company announcements
Land acquisition
June 9, 2010
Greenwood Management ApS, a multinational forestry company headquartered in Copenhagen with forestry investment projects in Brazil and Canada, announces that, in line with Greenwood Management's stated strategy of land acquisition for 2010, the purchase of two Fazendas has been completed (Fazenda Tropical and Fazenda Maria) in Bahia, Brazil.
These acquisitions will complement the existing plantations currently under management in Bahia and will enable the agroforestry team to take advantage of Greenwood Management's established infrastructure. Furthermore, the functional clustering model will provide further economies of scale to enhance the performance of Greenwood Management in its current investments into Eucalyptus and Acacia.
Greenwood Management expect to make further announcements in due course in relation to further significant acquisitions in the region.
Additional information regarding the acquisitions can be found by going to Greenwood Management's website
For further information please contact: info@greenwood-management.com
Minas Gerais, Brazil - Charcoal Demand in 2016
April 29, 2010
Greenwood Management ApS, a multinational forestry company headquartered in Copenhagen with forestry investment projects in Brazil and Canada, notes the statistical report of April 27th 2010, produced by 'ABRAF', the Association of Brazilian Planted Forest Producers.
Within the report is a growth prediction and reference to the forthcoming multinational investment into the iron and steel industry in Minas Gerais, Brazil, which will be entirely reliant on charcoal produced from planted forestry such as eucalyptus.
The Report states:
"It is noteworthy to mention that a new investment of iron and steel industry in Minas Gerais is under way, resulting from a partnership of multinational corporations, to build manufacturing plant of seamless tubes, based exclusively on charcoal consumption from planted forests, with production to be started in 2016."
Greenwood Management believe that a growing body of evidence is being established to enable investors to witness how our projects are strategically aligned to future charcoal demands. The arrival of these new multinational investments in iron and steel production will perfectly coincide with our eucalyptus harvests, scheduled for 2015 and beyond. As a result of the timing of our investment into the region of Minas Gerais in 2009/2010, both in terms of currency (Euro/Real ) values and land prices, together with our extensive research into forestry trends in 2008, we are confident that our valued investors will be able to reap significant rewards from our forestry operations in Minas Gerais, Brazil.
Full details of the report can be found here:
http://www.abraflor.org.br/estatisticas/ABRAF10-EN/controle.html
(Quotation from chapter 2, page 12)
For further information please contact: info@greenwood-management.com
Brazilian Government's desire to reduce deforestation within the "Cerrado" region of Brazil
March 23, 2010
Greenwood Management ApS, a multinational forestry company headquartered in Copenhagen, notes the recent statements on March 16th 2010, from the Brazilian Minister of the Environment, Mr Carlos Miinc when speaking about the Brazilian government's desire to reduce deforestation within the "Cerrado" region of Brazil. The Brazilian Environment Minister, announced that his government would encourage and support efforts by companies to use charcoal not made from native forestry.
The Minister added that from 2013, when the "Action Plan for Prevention and Control of Deforestation" comes into effect, Brazilian companies will not be allowed to buy charcoal made from native trees from the Cerrado eco-system
Mr Minc stated, "Let's open lines of government funding for the planting of commercial forests ... and, moreover, reduce tax on charcoal that comes from forest planted for use as firewood and charcoal."
Greenwood Management strongly support this bold move by the Environment Minister, and believes the "Action Plan for Prevention and Control of Deforestation" will bring significant benefits to this vitally important ecosystem. Greenwood Management further believes that the long term implications for those companies which have already invested in managed forestry plantations for the production of charcoal, outside of the "Cerrado" , are extremely positive.
For further information please contact: info@greenwood-management.com
Greenwood is a timber asset and forestry investment company headquartered in Copenhagen Denmark.
Strategic Review and Interim Management Statement
February 23, 2010
Greenwood Management ApS, a multinational forestry company headquartered in Copenhagen, investing in forestry and timber-related assets on a global basis today February 23-2010 issues its Interim Management Statement.
Greenwood Management continues to implement its investment programmes and has built the essential in-country infrastructure required to do so. Greenwood Managements pipeline of investment opportunities is strengthening and, following a 3 month strategic review involving a number of feasibility studies, it has been decided to pursue the acquisition of up to ten thousand additional acres of land in Bahia, Brazil this year for the continued progression of the 2010 Eucalyptus projects.
This Interim Management Statement has been produced solely to provide additional information to investors of the Company, it should not be relied upon by any other party for any other purpose.
For further information please contact: info@greenwood-management.com
Greenwood is a timber asset and forestry investment company headquartered in Copenhagen Denmark.
"Brazilian Government confirms its commitment to eucalyptus grown charcoal"
December 20, 2009
Greenwood Management ApS, a multinational forestry company headquartered in Copenhagen, notes the publication of the Brazilian Governments commitment to use charcoal as a replacement for imported coking coal to produce an environmentally sustainable, iron and steel. It was also notable that the Governments commitment, announced by its President Lula da Silva, would be taken into the Brazilian legal framework. Brazils stance on energy imports, together with its climate change commitments announced at the COP15, Copenhagen climate talks, would lead to an substantially increased demand for eucalyptus grown charcoal.
A spokesperson on behalf of Greenwood Management commented:
"This is a pivotal announcement from The Brazilian Government. Many of our early clients will recall that in 2008 Greenwood Management had predicted that the need for charcoal as a replacement for imported coking coal would increase, as a result of international pressure regarding the use of imported, heavy carbon, coking coal. Brazil has shown itself to be a world leader in environmental issues and bio energy technologies. As a result of Greenwood Managements extensive research into innovative projects such as our Brazilian eucalyptus, we are ideally positioned within the industry, the benefits of which we hope to share with our valued investors."
http://www.cop15brasil.gov.br/en-US/?page=noticias/green-steel-for-the-brazilian-steel-industry"Considered as an environmental villain, the steel industry may become an ally of the Federal Government in the challenge to reduce Brazil's emission of greenhouse gases. The proposal presented by the Ministry of Environment aims to produce the "green steel", which uses charcoal from afforested areas, instead of coal, to produce the pig iron (steel with impurity). As a result of the Brazilian proposal, the iron and steel industries will commit to use only charcoal in their high temperature furnaces.
Another point of the proposal conceives that the reposition of the timber used in the charcoal should be of 100% e will only involve exotic species like eucalyptus. This will ensure the preservation of the native vegetation. It is worth mentioning that one ton of pig iron produced from coal emits 1.9 tons of CO2, while the production of 1 ton of green steel removes 1.1 ton of gas from the atmosphere.
The news is good and specialists from the sector believe that, in the near future, the green steel will help the Brazilian steel industry to distinguish from its competitors abroad."
For further information please contact: info@greenwood-management.com
Greenwood is a timber asset and forestry investment company headquartered in Copenhagen Denmark.