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Daily News |
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Japanese |
Sept. 30, 2024
Acquired Australia's largest housing company group / SUMITOMO FORESTRY
SUMITOMO FORESTRY CO., LTD. (Head Office: Chiyoda-ku, Tokyo; President: Toshiro Mitsuyoshi), a major housing company, decided on September 30 to acquire 51% of Metricon Group the largest housing company in Australia, through its subsidiary Sumitomo Forestry Australia Pty Ltd.and make it a consolidated subsidiary. With the acquisition of Metricon Group, the number of detached housing starts in Australia is more than 7,000 units per year, equivalent to the number one in all of Australia. SUMITOMO FORESTRY Group plans to achieve its long-term vision target of supplying 5,500 detached housing units six years ahead of schedule.
For more details, see the article in the November 2024 issue of Jutaku
Journal Wood Technology (October 15 issue).
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