IKEA Partner Buys More Timberland
Ingka Group, a major franchise partner in the IKEA system, operating 380 IKEA stores in 31 countries, has acquired nearly 11,000 acres located in southeast Georgia near the Altamaha River Basin from The Conservation Fund.
Ingka Group, based in the Netherlands, now owns 136,000 acres in five states—Georgia, South Carolina, Alabama, Texas and Oklahoma, and owns a total of 613,000 acres worldwide, including the U.S. and Europe.
Ingka Group’s forest management is audited by the Forest Stewardship Council. Between September 2019 and August 2020 Ingka Group planted 600,000 seedlings in the U.S. and close to 7 million seedlings worldwide.
Latest News
Chinese Paper Firm To Open $1 Billion Mill In Arkansas
China-based Sun Paper has chosen Arkansas as the site of its first bio-products mill in North America, Gov. Asa Hutchinson said Tuesday. The $1 billion investment for a plant in Arkadelphia is expected to create 250 new jobs, Hutchinson’s office said in a news...
Have A Question?
Send Us A Message