Finnish company becomes Estonia's largest private forest owner (5)
The Estonian arm of Tornator Oyj, the third largest wood production company in Finland, recently purchased 13,000 hectares of woodland in Estonia, making it the largest private forest owner in the country.
Tornator now owns over 40,000 hectares of land, although a pale shadow of the close to 600,000 hectares of woodland owned in Finland.
The company grows and manages forests selling the timber or timber rights to logging companies. It registered 1.5 million euros in sales last year.
Estonia is rich in forests - they cover almost half of the country's territory. The largest forests can be found in the North East and Central Estonia and they stretch from the north coast to the Latvian border. About 10 per cent of Estonia is a nature reserve.