Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Masayuki Hyodo) has additionally acquired a total of approximately 15,000 hectares of forest assets situated in the Coromandel and Gisborne districts of New Zealand through Summit Forests New Zealand Limited (hereinafter, “SFN”), its wholly owned subsidiary engaging in forestry business. Consequently, SFN now owns and manages a total of approximately 52,000 hectares of forest assets in the country.
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