A significant milestone was reached by Forico on 5th September this year, the date marking the company’s tenth anniversary as Tasmania’s largest private forest management company. Since the announcement of its formation in 2014, the company has emerged as a leader in the Tasmanian forest industry, distinguishing itself for management of globally certified production plantation forests, conservation of extensive native vegetation areas across the north of the state, and for its people-centred employment culture.
As well as celebrating quietly on the day with barbecues and morning teas held across the company’s five workplaces, several members of staff who have been with the company since its beginnings in 2014 spoke of the milestones which stand out, and of what the company means to them.
Chief Commercial Officer Darren Davis noted the company’s ‘growth from commencement in 2014 to now being a leading asset manager and industry organisation, recognised in the communities we operate in and by other Tasmanian businesses, and by valued customers for reliability, quality and understanding that supports and responds to their business requirements.’
Notable milestones for Mr Davis were:
General Manager of Plantation Performance Darren Herd spoke of the achievement of reinstating an established forest estate to best practice management, and of innovations introduced by Forico in both plantation management and additional initiatives by which the company has sought to distinguish itself.
Initiatives and diversification for the future
Forico continues to look for opportunities to grow revenue streams through an informed diversification agenda. The company regularly collaborates with industry peers on many initiatives, including the manufacture of wood fibre into engineered / solid wood products, unlocking estate value in natural capital, and capitalising on growing opportunities in the alternative energy and fuel sectors.
‘Forico has achieved something very unique and transformational in the forestry landscape of Australia,’ said Mr Herd. ‘This is something that we can speak to with considerable pride when engaged with peers from across the forestry sector in Australia. The continued interest and opportunity in the business continues to invoke in us a sense of pride and willingness to continue on the Forico journey.’