Drax Group is the forestry and wood company most prolific at making international expansions, followed by Swiss Krono and Kronospan. GlobalData’s forestry and wood foreign direct investment (FDI) company report highlights the current foreign investments made by leading forestry and wood investors. Buy the report here.
Drax Group has been the most active forestry and wood greenfield investor between Q1 2019 and Q3 2023, according to GlobalData’s FDI Projects Database.
Greenfield foreign direct investment is when a company invests abroad to establish a new physical presence or expand an existing operation. Greenfield investments create jobs and/or involve a capital investment into the foreign location. Other forms of FDI, such as mergers and acquisitions, are not included as part of this definition.
The majority of Drax Group investments were in the lumber, timber & wood subsector. In fact, 63.6% of its total foreign investments were in this subsector. It also created projects across a further 2 subsectors.
By business function, most (72.7%) of Drax Group projects were related to manufacturing.
The company has been active across three world regions, mainly focused on North America which received 81.8% of the company’s greenfield investments between Q1 2019 and Q3 2023.
Drax Group created more FDI projects in 2021 compared to any other year between Q1 2019 and Q3 2023.
Other leading FDI project generators in the forestry and wood industry include Swiss Krono, Kronospan, FRITZ EGGER GmbH & and International Bio Fuels Marketing Pty.
Austria is the leading source market for outbound forestry and wood greenfield FDI projects. The country accounts for 13.4% of total outbound forestry and wood investment projects. There have been 13 unique parent companies from Austria that have announced forestry and wood FDI projects between between Q1 2019 and Q3 2023.
To further understand the top forestry and wood investors FDI companies, access GlobalData’s Top forestry and wood investors Foreign Direct Investment Companies report.