Timer supplier finding ready new markets in the region YORK Timbers is growing - and not just trees. The company is on an ambitious expansion programme to take advantage of the rebuilding of Mozambique and Angola and keep pace with growth everywhere else in the region.Demand for timber is already outstripping supply and York expects this trend to grow exponentially.This could be just the kick-start that long-suffering investors in York are looking for. York hit a low in 2009 after devastating fires and a squeeze on the forestry industry meant it had to go cap-in-hand to investors for more cash. Its share price took a pounding, falling 83% since then.Now, however, its fortunes may be turning around."The sums are simple," said York CEO Piet van Zyl. There are 1.278million hectares of forestry plantations in South Africa and the planted area is finite — no more land has been earmarked for forestry and any new planting will take 25 years to mature. The regional markets — Angola, Namib...
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