Timberlink’s multi-million dollar investment shows confidence in Tasmanian manufacturing sector

Nationals Senator for Tasmania Steve Martin has applauded Timberlink’s announcement of $100 million of investment for its Australian sawmills with the Bell Bay site being part of the planned improvements.

Timberlink’s plans include installing new planer mill equipment along with a state-of-the-art contraflow kiln, and site infrastructure improvements with a new internal road system to enhance safety at its Bell Bay site.

“Timberlink must be congratulated for the $100 million of investment for its Australian sawmills, especially at its Bell Bay mill,” Senator Martin said.

“Timberlink’s investment is a win for regional Tasmania and Tasmanians with the company stating that its $100 million of investment will secure more than 1,350 direct and indirect jobs in regional Australia and increase capacity by more than 15 per cent.”

The company’s chairman and CEO of investment management firm New Forests, David Brand, expressed his support for the mill upgrade program when making the announcement today.

“This is a substantial re-investment in the Timberlink mill facilities and continues to demonstrate the strong recovery of the Australian forestry sector under institutional investor ownership,” he said.

“Timberlink has become a leading wood products business, and I expect it will continue to innovate and grow, creating new manufacturing jobs in regional areas, while increasing the supply of timber in Australia.”

Timberlink said 87 per cent of its workforce lived in regional areas.