2014 was a year of significant re-engineering at Border Timbers Limited with the singular objective of returning the business to profitability. These re-engineering efforts have included:
  • negotiations, some completed, some still in progress, of more favorable financing terms with the Group’s various lenders;
  • refocus on the core business of forestry, sawmilling, pole production and the maximization of production efficiencies;
  • initiatives to enter new pole and sawn wood markets with improved pricing;
  • outsourcing of the log extraction and log haulage functions. Haulage was outsourced in the second half of the year and log extraction outsourcing will be completed in 2015 and
  • the securing of multi-year pole tenders

FY 2014 financial results

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