Readers' Forum
Sandalwood Down Under
Thanks to poachers and brigands like Veerappan, India is no longer the biggest or the best producer of Indian sandalwood (Santalaum album). Australia is! This has not come about by just taking trees from India and transplanting them in Oz. It has been a conscious commercial effort for years together by Australian investors who have studied the sandalwood and sandalwood oil export market. Australian Zarathushtis can now buy sandalwood products at their own doorstep!
A press release from Marketwire, San Diego, California, USA states: "As the world’s largest supplier of Indian sandalwood, Perth-based TFS (Corporation) grows approximately 5,000 hectares of Indian sandalwood in the northwestern Kimberley region. While a portion of the valuable hardwood produced by TFS’s plantations is owned by the company, they also manage plantations on behalf of other investors via its Beyond Carbon investment structure which allows for individual investments to be made on 300 to 350 hectare lots.
"A publicly traded company since 2004, TFS will hit an exciting milestone in 2013 with the first harvest of its Kununurra-based Indian sandalwood plantation — a project that has been in the works since 1999. In the company’s early years, chief financial officer Quentin Megson notes that the survival rates of Indian sandalwood in Australia hovered around 30 to 40 percent; today, TFS’s trees are achieving a 90 percent survival rate and reaching maturity much earlier.”
The full story is available at: www.marketwire.com/press-release/worlds-largest-sandalwood-supplier-tfs-corporation-hit-milestone-2013-featured-business-1623737.htm
ARDESHIR B. DAMANIA
Davies, California, USA
abdamania@yahoo.com
A press release from Marketwire, San Diego, California, USA states: "As the world’s largest supplier of Indian sandalwood, Perth-based TFS (Corporation) grows approximately 5,000 hectares of Indian sandalwood in the northwestern Kimberley region. While a portion of the valuable hardwood produced by TFS’s plantations is owned by the company, they also manage plantations on behalf of other investors via its Beyond Carbon investment structure which allows for individual investments to be made on 300 to 350 hectare lots.
"A publicly traded company since 2004, TFS will hit an exciting milestone in 2013 with the first harvest of its Kununurra-based Indian sandalwood plantation — a project that has been in the works since 1999. In the company’s early years, chief financial officer Quentin Megson notes that the survival rates of Indian sandalwood in Australia hovered around 30 to 40 percent; today, TFS’s trees are achieving a 90 percent survival rate and reaching maturity much earlier.”
The full story is available at: www.marketwire.com/press-release/worlds-largest-sandalwood-supplier-tfs-corporation-hit-milestone-2013-featured-business-1623737.htm
ARDESHIR B. DAMANIA
Davies, California, USA
abdamania@yahoo.com
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