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Deal #984

Location #1

Spatial accuracy level
Administrative region
Location
Brașov, Romania

Target country
Romania

Location #2

Spatial accuracy level
Administrative region
Location
Buzău, Romania

Target country
Romania

Land area

Intended size (in ha)
100000
Size under contract (leased or purchased area, in ha)
[2014] 12000
Size in operation (production, in ha)
[2013] 12000
Comment on land area
11.500 hectares in Brasov and 500 hectares in Buzau

Intention of investment

Intention of the investment
Timber plantation (for wood and fibre), Forestry unspecified
Comment on intention of investment
The company is interested in bio-energy for the future. Currently, they also offer consultancy services for forest management to other local landowners.

Nature of the deal

Nature of the deal
Outright Purchase
Comment on nature of the deal
Up to date, the company has invested between 40 and 50 million Euros in Romania

Negotiation status

Negotiation status
[2008] Concluded (Contract signed)

Implementation status

Implementation status
[2009] In operation (production)

Purchase price

Purchase price
2500
Purchase price currency
Euro (€)
Purchase price area type
per ha
Comment on purchase price
Tornator bought the forests during the economic crisis, when the prices of woodland had dropped from 2.600-3.600 Euro/hectare to 2.000-3.000

Contract farming

Contract farming
No

Number of total jobs created

Current number of employees (total)
[2012] 31

Number of domestic jobs created

Jobs created (domestic)
Yes
Current number of jobs (domestic)
[2013] 68
Current number of employees (domestic)
[2013] 38
Current number of daily/seasonal workers (domestic)
[2013] 30

Operating company

Operating company
Name of investment project
Tornator

 

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Data source #1

Data source type
Company sources
File
Date
2012-11-29
Comment on data source
Accessed: 11:03:2015

Data source #2

Data source type
Media report
File
Date
2008-11-06

Data source #3

Data source type
Media report
File
Date
2011-04-01

Data source #4

Data source type
Media report
File
Date
2013-12-05

Data source #5

Data source type
Media report
File
Date
2009-05-04

Data source #6

Data source type
Media report
File

Data source #7

Data source type
Media report
File
Date
2010-03-02

Data source #8

Data source type
Company sources
File
Comment on data source
Accessed: 11:03:2015

Data source #9

Data source type
Media report
File
Date
2009-04-23

Data source #10

Data source type
Media report
File
Date
2012-11-29

Data source #11

Data source type
Media report
File
Date
2010-03-29

Promised benefits for local communities

Comment on promised benefits for local communities
Local employment

Former land cover

Former land cover
Forest land

Detailed crop, animal and mineral information

Crops area
Trees (unspecified)

Use of produce

Has domestic use
Yes
Domestic use
100

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
Tornator also owns forestry land in Estonia and Finland

Nov. 13, 2018, 12:46 p.m.

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June 9, 2017, 2:57 p.m.

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Dec. 29, 2015, 8:08 p.m.

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Aug. 18, 2015, 4:57 p.m.

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March 11, 2015, 1:46 p.m.

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March 11, 2015, 1:35 p.m.

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March 9, 2015, 12:19 p.m.

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Dec. 17, 2013, 5:38 p.m.

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Dec. 17, 2013, 5:37 p.m.

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Dec. 17, 2013, 5:36 p.m.

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Dec. 17, 2013, 5:35 p.m.

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May 17, 2013, 9:25 p.m.

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Feb. 15, 2013, 5:01 p.m.

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