Sino-Forest Corporation recently announced its wholly-owned subsidiary, Sino-Panel (China) Investments Limited has entered into master agreements with Bolin Forestry Co., Ltd., and Yuango Forestry Co., Ltd. to purchase plantation forests in two provinces of China for planting trees of pine, cedar, fir, birch and spruce. The trees will be used for the corporation's wood manufacturing operations, and the fibre acquisition is anticipated to take place over a 10-year period of time. The land lease can be extended to 50 years.
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