Abodo Wood Ltd has secured $4.8 million in its latest funding round, receiving investment capital from a group of investors. The New Zealand-owned family business, established in 2001 by the Gudsell family, specializes in transforming timber design with sustainable, rapidly renewable alternatives to traditional old-growth timber.
The company's core mission revolves around redefining possibilities with timber by combining sustainable sourcing with advanced technology. Abodo's New Growthâ„¢ feature timber range encompasses a variety of products, including cladding, decking, screening, panelling, and joinery, all designed to offer innovative and environmentally conscious solutions for construction and design.
This significant capital injection is earmarked to accelerate Abodo Wood Ltd's growth initiatives, expand its market reach, and further invest in its sustainable product development. The funding will support the company's ongoing efforts to innovate within the timber industry, enhancing its capacity to deliver high-performance, rapidly renewable timber products.
The investment underscores confidence in Abodo's business model and its commitment to sustainable practices. Looking ahead, Abodo Wood Ltd plans to continue its expansion, strengthening its position as a leader in sustainable timber design and driving the "New Growth" movement within the global construction and design sectors.
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