VicForests Annual Report was tabled in parliament on Thursday 19 October 2017 with our results from the 2016-17 financial year.
We are proud to have reported a positive operating result before tax of $1.5 million after a year that presented many operational challenges. This result highlights the excellent work our staff and contractors have done this year as well as a continued demand for native timber in Victoria.
You may be aware of media reports this afternoon indicating that Australian Sustainable Hardwoods (ASH) will close its mill in Heyfield by September 2018.
This follows confirmation earlier today that ASH and the State Government have been unable to agree to terms over future timber supply following a final offer made to the owners of the mill by the Government this week.