WESPINE
The 50 per cent-owned Wespine Industries Pty Ltd, which operates a plantation softwood sawmill in Dardanup in Western Australia, contributed earnings of $5.7 million after tax, a reduction of
15.9 per cent on last year’s due to increased competition and poorer log quality.
The capital project to expand the sawmill production capacity by a further 10 per cent is scheduled for completion in September 2007.
Last year’s improved safety performance was maintained.
