They're kicking ass with that timber investment too...Wespine...

They're kicking ass with that timber investment too...

Wespine Industries

The 50 per cent-owned Wespine Industries (Wespine) operates a plantation softwood sawmill in Dardanup, Western Australia. Wespine manufactures structural timber used for the construction, landscaping and packaging industries. Wespine is also continuing to develop an import wholesale operation under the brand Staxa. Following unprecedented demand through the COVID-19 pandemic, the level of demand for sawn timber products has moderated as home buyer incentives and other government stimulus has tapered. Timber sales of $140 million were achieved, only slightly behind last year’s record result of $145 million. This continued strong sales performance reflects the addition of imported supply to the Wespine offer and wider recognition of the benefits of timber for construction relative to more carbon intensive alternatives. Safety continues to be a focus for management with ongoing investment and operational initiatives to ensure a strong safety performance.