Forest First Colombia’s first commercial harvest is planned for 2021/22. The initial harvest area will be 2,000 hectares, yielding over 200,000 tons of wood fibre.
We expect to achieve a consistent and sustainable volume of production by 2030, when the annual harvest will be 5.4 million tons from a harvest area of over 20,000 hectares.
In 2016, we joined forces with Sappi, one of the leading global providers of sustainable woodfibre products and solutions.
They came on board as a strategic investor and, as part of their investment, entered into an offtake agreement for up to 2.5 million tons per year. We also have a technical cooperation agreement with them that will allow us to benefit from Sappi’s expertise in genetic improvement, silviculture and pest control and disease management.