SOURCE: Business Review Australia

Business Review Australia

February 23, 2012 13:00 ET

World's Largest Sandalwood Supplier TFS Corporation, to Hit Milestone in 2013, Featured in Business Review Australia

SAN DIEGO, CA--(Marketwire - Feb 23, 2012) - When most people think of sandalwood, the first thought that pops into mind is the fragrance: that sweet, woody aroma that strikes a beautiful balance with its earthy base and floral notes, bringing a sense of calm to the user.

Of course, TFS Corporation knows that the significance of sandalwood goes much deeper than that. As the world's largest supplier of Indian sandalwood, Perth-based TFS grows approximately 5,000 hectares of Indian sandalwood (Santalum album) in the northwestern Kimberley region. While a portion of the valuable hardwood produced by TFS's plantations are owned by the company, they also manage plantations on behalf of other investors via its Beyond Carbon investment structure which allows for individual investments to be made on 300-350 hectare lots.

A publically traded company since 2004, TFS will hit an exciting milestone in 2013 with the first harvest of its Kununurra-based Indian sandalwood plantation -- a project that's been in the works since 1999. In the company's early years, CFO Quentin Megson notes that the survival rates of Indian sandalwood in Australia hovered around 30-40 per cent; today, TFS's trees are achieving a 90 per cent survival rate and reaching maturity much earlier. "Experts say our 15-year-old trees are more like a 20- to 30-year-old tree," says Megson, who has worked with the leading sandalwood producer since 2005.

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