- Business
- Greenheart Group Limited, operating as a diversified enterprise, actively manages its global forestry ventures across distinct geographical segments. The company's operations encompass both hardwood and softwood timber, primarily through its divisions in Suriname and New Zealand. In Suriname, the focus is on the selective harvesting and processing of hardwood, complemented by the marketing and international distribution of logs and lumber products. Concurrently, its New Zealand segment specializes in the management of softwood plantations, harvesting, and the sale of logs, along with providing comprehensive forest management services. The product range includes radiata pine logs, utilized for sawn timber, plywood, and veneer, as well as a variety of hardwood offerings suitable for furniture, flooring, decking, windows, heavy construction, interior decor, and marine applications. Beyond physical products, the Group delivers corporate, administrative, and forest management expertise. It oversees significant forest assets, including approximately 13,000 hectares of freehold radiata pine plantations in New Zealand's Northland region, and manages about 360,000 hectares of FSC-certified timber concessions and cutting rights in Suriname, South America. The company has recently navigated strategic adjustments, including an SGM on November 24, 2025, where shareholders approved resolutions related to specific purchase agreements and a special cash dividend of HK$0.01 per share, reflecting ongoing corporate developments. Challenges in the New Zealand division include a temporary reduction in harvestable volumes as one of its largest plantation assets has entered a regrowth phase, with the next crop expected to mature from 2028. The company, incorporated in Bermuda in 1991 and headquartered in Wan Chai, Hong Kong, functions as a subsidiary of Newforest Limited.