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Gunns

Gunns
Company nameGunns Limited
Company typePublic company
IndustryTimber production
Founded1875
Founder(s)John and Thomas Gunn
HeadquartersLaunceston, Tasmania
Key peopleChris Newman (Chairman)
Revenue(-)A$628 million (2011)
Net income(-)A$355 million (2011)
Employees1,662 (2006)
DivisionsGunns Plantations Limited
Gunns Pulp
Tamar Ridge Wines
Gunns Retail

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Gunns Limited (Asx - GNS) is a major forestry enterprise located in Tasmania, Australia. Founded in 1875 by brothers John and Thomas Gunn, it is one of Australia's oldest companies. It has over 900 square kilometres of plantations, mainly eucalyptus trees. It is Tasmania’s largest private land-owner. The company employs over 1200 people and has suffered a dramatic turnaround in revenue in recent years, going from a turnover in excess of A$600 million in 2006, to a loss of over $350 million in 2011. Gunns is the largest export woodchip operation in the Southern Hemisphere, and one of two chip export companies sourcing raw materials from Tasmanian forests.


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