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BSW Timber has recorded a 280% growth in annual profits to £12. 4m (2010: £4.4m) and has announced a number of new investment plans.
BSW chief executive Tony Hackney said the group had agreed to buy equipment from Finnforest's closed Kyroskoski mill, which will be transported to Fort William and BSWs Latvia mill in the new investment project which will double the capacity of each mill.
Sales in the year ending March 31, 2011, were up 48% to £163m (2010: £110m).
"We have two or three things which have combined to...