Forest plantation owner walks away from $150m mill proposal

NO MILL: OneFortyOne Plantantions chief executive officer Linda Sewell at OFO’s Jubilee Highway Sawmill. OFO announced yesterday it will not develop a particleboard mill at Tarpeena north of Mount Gambier.

A MAJOR forestry construction in the region has been cancelled with results from a study showing it is not feasible to develop due to changed market conditions.

The announcement follows an extensive two year study, costing more than $1m into the business and investment viability of the proposed greenfields project.

OneFortyOne Plantations has confirmed it is not feasible to develop

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