Finland's Tornator group, which owns 12,000 hectares of forestin Romania which it bought in 2008, made no acquisitions in 2009 orthe first months of 2010, but will not give up its initial targetof getting to own 100,000 hectares in the next five to ten years."We have already been operational on the Romanian market for ayear. In January 2009 we started selling wood and we're now workingat full capacity," said Zoltan Kozy, country manager of Tornator,in an interview with ZF. In 2008, several foreign investorsincluding Cascade Empire, held by Austrian-born businessman HeraldSchweighofer, operated massive land acquisitions in several areasof Romania. Unlike them, Tornator centred its purchases in the areaof Brasov, but now Kosy says the area of interest has expanded, butacquisitions are conditioned on the area put up for sale. "We arenot worried we haven't managed to buy anything. We're managing whatwe have now. There is no pressure," Kosy also said. Totalinvestments the Finnish company operated in Romania top 40m euros,with the latest projects targeting forest roads. Tornator's woodsales revolved around 600,000 euros in 2009 and the target for 2010was set at 1-1.5m euros.
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