Australia’s federal and New South Wales (NSW) governments have agreed an A$22.5m restructuring package for the timber division of building products group Boral Ltd.
The finances, provided through the Forestry Industry Structural Adjustment Program, will assist Boral’s hardwood operations.
The governments are financially supporting those com-panies affected by mill closures in 1995 and which are willing to make value-added investments in the NSW hardwood industry.
