Sumitomo Forestry (SFC) announced that its board of directors decided to sell all company’s shares in Alpine MDF Industries (Thailand) to Metro Particle (Metro-Ply Group).
Earlier Sumitomo Forestry announced completion of acquisition of 70% of equity shares in Edge Homes Group.
About Sumitomo Forestry:
The company operates in the areas of management of forests, development of new forestry and environment-related business, biomass power generation, purchase, manufacturing, secondary processing and sales of timber and building materials. Sumitomo Forestry also deals with contract construction, sales, after-sales maintenance and renovation of detached houses and multi-unit residences.
The family of companies is one of the largest wood-based panel manufacturers in Thailand. The company is the first Medium Density Fiberboard (MDF) manufacturer in Thailand, who received the ISO 9002 certification from International Organization for Standardization (ISO) to ensure the quality of management and improve production process.