BNET Industries
Last Fiscal Year Sales:$15.3M
- Public
- US
Dow Jones Description
The majority of the issued and outstanding ordinary shares in the capital of the Company are held by Timbermans Group Pty Ltd, a leading supplier of softwood timber products in Australia. The shareholders of Timbermans Group are the same individuals who comprise our board of directors. IFP owns a minority interest in Radiata Forest Services Pty Ltd which is a company owned jointly by a number of timber companies in the Canberra region. Radiata purchases logs on behalf of its shareholders and distributes them among those shareholders. The timber industry in Australia experienced a strong demand from internal growth in residential and commercial construction along the Eastern coast of Australia. Additionally, export demand from China and elsewhere in Asia for lumber and other wood products continued to be very strong in recent years and management expects that this trend will continue in the foreseeable future. The facilities of the Company are located in Australia. The business of the Company consists of a pine sawmilling and timber facility at Canberra, which has a capacity to process 165,000 cubic meters of sawn timber. This sawmill produced 120,000 cubic meters of log in the Fiscal Year 2004. The Company is currently in the process of arranging the financing for the construction of a second sawmill.
Contact Information
9974 Huntington Park Drive
Strongsville, Ohio 44136
440 759-7470
Peer Companies
NAICS Code Biological Product (except Diagnostic) Manufacturing: 325414
News & Analysis
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australian forest industries - All News and Analysis
Simba Mines Terminates Agreement With Australian Forest Industries and Negotiates With Zebra Copper plc in Lieu
Simba Mines Inc. (PINKSHEETS: SBAM) announcesthat on March 24, 2007 Simba Mines Inc. and Bongani International GroupLimited and Australian Forest Industries mutually agreed to terminate theiragreements to sell their copper interests to Australian Forest Industries. In lieu thereof Simba Mines Inc. and Bongani International Group Limitedwill be selling their copper...
Australian Forest Industry Makes Announcement
Australian Forest Industries Inc. (OTCBB: AUFI) announces that on January 12, 2007 it filed with the United StatesSecurities and Exchange Commission a preliminary Information Statement,pursuant to Section 14c and Section 14f1 of the Securities Exchange Actof 1934 as amended, with respect to the following corporate matters: Acquisition from Simba Mines...
Simba Mines Inc. Announces Approval of the Major Shareholders
Simba Mines, Inc. (PINKSHEETS: SBAM) announcesthat on November 13, 2006, the shareholders of Simba Mines Inc.representing 50.5% of all of the issued and outstanding common stock ofthe Company approved the proposed agreement for the exchange of theCompany's Angolan copper interests for shares in Australian ForestIndustries Inc. AUFI (which will...
Australian Forest Industries Inc.; Signing of Definitive Agreements for Acquisition of Copper Projects
Australian Forest Industries Inc. (OTCBB: AUFI) announces the following. 1. On September 18, 2006 AUFI executed definitive agreements with: a Simba Mines Inc for the acquisition of its subsidiary Simbajamba Mines Limited for US $ 41,547,000 ...
Simba Mines, Inc.: Update Report to Stockholders
Simba Mines, Inc. (PINKSHEETS: SBAM) Dear Simba Stockholders, The past several weeks have been a highly productive and eventful time forour Company, culminating in the announcement on September 19, 2006 thatSimba Mines, Inc. had entered into a definitive agreement to exchange itsmining interest in Cachoeiras de Binga CDB, a copper...
Simba Mines, Inc. Enters Into Definitive Agreement With Australian Forest Industries
Simba Mines, Inc. (PINKSHEETS: SBAM) ispleased to announce that on September 18, 2006 it entered into a definitiveagreement with Australian Forest Industries, Inc. (OTCBB: AUFI). Uponclosing of the transaction, Simba will be allotted US$41,547,000 worth ofshares in AUFI.OB in exchange for 100% of the shares of Simbajamba MinesLtd, Simba...
Australian Forest Industries, Inc. Announces Signing of Definitive Agreements for Acquisition of Copper Projects
Australian Forest Industries, Inc. (OTCBB: AUFI) announces the following. 1. On September 18, 2006 AUFI executed definitive agreements with:- a Simba Mines Inc for the acquisition of its subsidiary Simbajamba MinesLimited for US$41,547,000 b Bongani International Group Limited BIG for the acquisition of itssubsidiary Rockbury...
Simba Mines, Inc. Announces Proposed Merger
Simba Mines, Inc. (PINKSHEETS: SBAM) ispleased to announce that on August 25, 2006 it entered into a Letter ofIntent with Australian Forest Industries Inc. AUFI listed on the OTCBBunder trading symbol (OTCBB: AUFI). Under the Letter of Intent AUFI proposes to acquire from Simba all theissued share capital of Simbajamba...
Proposed Acquisition of Copper Projects and Disposal of Timber Interests
Australian Forest Industries Inc. (OTCBB: AUFI) announces the following: 1. AUFI has entered into a Letter of Intent, dated 25 August 2006, underwhich and subject to a definitive agreement and closing thereof, it willacquire; a All the issued share capital of Simbajamba Mines Limited("Simbajamba") a wholly owned...
Forestry company branches out in US markets to grow Australian business.
Byline: Philip Hopkins Aug 08, 2005 (The Age - ABIX via COMTEX) -- Australian Forest Industries AFI has raised funds on the Over-the-Counter Bulletin Board in the US....
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Michael Timms | Chief Executive Officer |
| Organization | Position | Status |
|---|---|---|
| Australian Forest Industries | Chief Executive Officer | Current |
| Zebra Copper Inc. | Chairman | Current |
| Australian Forest Industries | Chairman | Current |
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