Zambia Forestry and Forest Industries Corporation Plc

Industry

Biorefining, Construction, Ecology & monitoring, Forestry

Topics

Sugar, palm oil & agri-commodity processing

Role

Producer — “…tioning into a value-adding manufacturing enterprise [1][4]. As of June 2026, the company launched a K1 billio…”

Parent / group

Industrial Development Corporation Zambia Limited (IDC)

Why it is bioeconomy

ZAFFICO is a forestry company that manages exotic plantations and processes timber, which falls under the bioeconomy sector.

Found via

[Peer] Felber Forestal SA; [Peer] Maderas Sostenibles, Sustainable Forestry and Hardwood Furniture Manufacturing; [Peer] Suzano (B3: SUZB3); [Peer] URUFOR - Red Grandis

Not yet cited as a supplier in a graded solution.

Subsidiaries: Copperbelt Forestry Company Limited (jointly leased) · Ndola Pine Plantations Limited (jointly leased)

• 2025-12 Latest status: The company formally adopted ZAFFICO PLC as its full corporate name following shareholder approval at an Extraordinary General Meeting in December 2025. ↗ ↗ ↗
• 2026-03-20 ZAFFICO announces expansion plans, targets 100,000 hectares across five provinces | Zambia Monitor
  ZAFFICO (Zambia Forestry and Forest Industries Corporation) plans to expand its plantation area to 100,000 hectares across five provinces within three years, building on current 62,000 hectares and boosting raw material supply for its sawmill and portrait …
• 2026-06-25 ZAFFICO RINGS THE BELL ON K1 BILLION RIGHTS ISSUE TO DRIVE VALUE ADDITION – Industrial Development Corporation (IDC) Zambia Limited
  ZAFFICO Plc is shifting from a traditional forestry operator to a value-adding manufacturing group, launching a K1 billion rights issue to fund expansion (particle board plant, increased plantations, and operational restructuring) and broaden its share …
• 2026-06-26 ZAFFICO Eyes K1.8 Billion Revenue by 2029 Through Forestry Expansion - Mwebantu
  ZAFFICO aims to grow annual revenue from about K460 million in 2025 to K1.8 billion by 2029 through forestry expansion, including plantation growth, timber processing, and expanded manufacturing, to become a fully integrated forestry and wood-processing …
• 2026-07-23 ZAFFICO Announces Rights Issue to Raise Capital for Wood Processing Expansion – Efficacy News
  ZAFFICO is seeking a renounceable rights issue to raise capital for expanding its wood processing capabilities and move from forestry to higher-value, integrated wood processing, including investments in a creosote line, drying kiln, and an industrial sawmill, …
• 2026-02-13 ZAFFICO Invests $7 Million in Kalulushi Sawmill Plant - Zambia 24
  ZAFFICO (Zambia Forestry and Forest Industries Corporation) is investing about $7 million to establish a modern sawmill in Kalulushi as part of its 2024–2028 strategy to boost tree planting, expansion, and value addition, including producing 50,000 cubic …
• 2026-01-26 Kangwa laments processing of raw materials outside source, urges ZAFFICO to establish processing plants in Luapula | Zambia Monitor
  ZAFFICO is expanding its processing footprint within Luapula, especially Kawambwa, to process raw timber at source as directed by the President, with plans including new sawmills, a particle board factory, and continued pole production for ZESCO. The Luapula …

Ownership & investors 5

Similar companies

Green Resources AS · Merensky Timber · Montigny Investments · Tanganyika Wattle Company Ltd. · Miro Forestry and Timber Products · Sappi · Sampoerna Kayoe · The New Forests Company