The New Forests Company

Company profile

The New Forests Company company profile

The New Forests Company is a sustainable forestry business driven by commercial timber economics. It has an established, rapidly growing plantation with the prospect of a sawmill and energy-forestry operations, which will deliver both attractive returns to investors and significant social and environmental benefits. About Us: History map-3The New Forests Company was founded in 2004 with the vision of creating a sustainable timber resource in East Africa amidst rampant deforestation. As one of the most fertile regions in the world, East Africa should be able to supply its own timber needs and even export rather than importing the majority. We are excited to be reversing the traditional tale of exporting raw materials and importing value added products in a way that creates regional social, economic and environmental benefits. We planted our first tree in Mubende, Uganda in 2004. Since then the Company has rapidly expanded with four greenfield plantations in Uganda (Namwasa, Kirinya and Luwunga) and Tanzania (Kilolo) as well as a 49- year concession to manage an established plantation in Rwanda (the buffer zone around Nyungwe National Park). The Company is passionate about growing African forestry and continues to plant trees to counteract massive and rapid deforestation (The World Bank estimates that Sub-Saharan Africa will deforest 1.3 million hectares per annum). The Company also complies with the best forestry, social and environmental practices, as audited annually to comply with the Forest Stewardship Council™ (FSC™) certification. The Group has also begun commercialising its timber assets and now operates four pole treatment plants, producing both CCA and creosote treated transmission, telephone, fencing and building poles, three sawmills (construction lumber, wooden pallets, school desks etc.) and a number of charcoal kilns (providing efficient biomass energy as an alternative to the expensive Heavy Fuel Oil). NFC aims to be the premier Pan-African, vertically integrated, socially responsible, sustainable timber company sharing the value created with our shareholders, employees, customers and neighbouring communities.