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.
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FORISK’S Lang Paints Southern Forests Picture
Amanda Hamsley Lang, COO & VP of Client Services with FORISK Consulting, addressed timber supply and outlook during the Wood Bioenergy Conference & Expo Held March 29-30 at the Omni Hotel at CNN Center in Atlanta. Lang, who was one of the event keynoters, said that FORISK forecasts pine sawtimber inventories to increase through 2027 before declining through…
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