KIPT jumps 12 places in SA Business Index

Scott Dolling, a director of Taylor Collison broking house in Adelaide, was enthusiastic about Kangaroo Island Plantation Timbers at the recent launch of the SA Business Index Top 100, attended by the State’s leading business people, with guest of honour Premier Steven Marshall.

The SA Business Index, organised by InDaily, ranks companies headquartered in South Australia by their actual or implied market capitalisation. Analysis is carried out by Mr Dolling and his colleague Reece Burroughs of Taylor Collison. KIPT was ranked at number 41 in its list, up from number 53 last year.

Mr Dolling said “KIPT is a land and timber company in the midst of building a seaport on Kangaroo Island, debt funded by CBA with about $50 million. They recently signed an agreement with Mitsui to develop, maintain and operate a complete woodchip handling facility. It is expected to unlock an additional 250 jobs for the state.”

You can read the full list of 100 companies here.