Tornator buys 7,500 hectares of forestland in Estonia
Tornator Eesti OÜ, the Estonian subsidiary of the Finnish forestry company Tornator Oyj, continued its growth investments by purchasing some 7,500 hectares of forestland from the Swedish-owned AS Metsnik. With nearly 50,000 hectares of agricultural and forestry land in Estonia, Tornator is the country’s largest private landowner.
Tornator Eesti OÜ grows forests and sells harvesting rights to local buyers, mainly harvesting companies. It provides work to five local employees and a number of regular contractors. In 2014, the Estonian operations generated some EUR 1.8 million in sales. Country Manager in Tallinn is Riido Rosin.
Tornator owns about 600,000 hectares of forestland in Finland, and in Romania the company manages, besides the 12,000 hectares of its own forests, some 18,000 hectares of other owners’ forests.
For further information, please contact:
Henrik Nieminen, Chief Financial Officer, tel. +358 40 869 7613
Matti Kuusisto, Regional Manager, Baltics, tel. +358 40 577 9744
Riido Rosin, Country Manager, tel. +372 5056 845
Tornator Oyj is the third largest forest owner in Finland with about 600,000 hectares of forestland. In 2014, the Group’s net sales were about EUR 90 million and total balance sheet value about EUR 1.2 billion. Tornator also owns forests and practises forestry in Estonia and Romania. Tornator’s main business is wood production and the sale of cutting rights. The Group employs about 210 people, mainly in Finland.