Teak Holz Wins Major Order

CompaniesIndustrials ♦ Published: October 6, 2011; 11:25 ♦ (Vindobona)

The Upper Austrian timber company signed a € 50m contract for external forest management activities in Costa Rica.

Teak Holz Wins Major Order / Picture: © Vindobona.org

Teak Holz International AG (THI) today announced that it has won an order for cultivation of external teak plantations in Costa Rica. The frame contract was signed on Thursday already. The order has a total volume of up to € 50m and a duration of more than 20 years.

It is the first time for the Upper Austrian group to provide its know-how in the field of forest management to…