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Gunns Supports Tasmania's Forest Statement of Principles

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Gunns Ltd., Australia, which plans to build a pulp mill in Tasmania, supports a forest statement of principles that will ultimately help the island transition from a logging site to a plantation-based industry. The statement of principles places an immediate moratorium on logging high conservation value forests in an effort to end a long-term conflict between industry and environmental groups. The groups' statement also noted the importance of a pulp mill in creating a strong, sustainable, plantation timber industry.

Gunns supports the end of the long-standing community conflict, and the statement of principles is in line with Gunns' existing strategy of becoming a fully plantation-based company. The company's proposed Bell Bay pulp mill will have a capacity of 1.1 million tons per year.