THE owner of Katherine’s massive sandalwood plantation is changing its name.
TFS Corporation Ltd, the world’s largest producer of sustainable Indian Sandalwood, will formally change its name to Quintis tomorrow, reflecting its renewed operational focus on establishing a global brand sourced from a super-ingredient.
Listed on the Australian Securities Exchange with a market capitalisation of about $600 million, the ASX ticker code will change to QIN on Thursday.
The company has listed its ownership of the Taylors Park Plantation and its Katherine nurseries across 2450 hectares.
Quintis founder and managing director Frank Wilson said the new name and accompanying ingredient brand, Quintis Sandalwood Album, underlines the company’s global commitment to ensuring that Indian sandalwood is saved from extinction and is harvested responsibly and ethically for generations to come.
“The ingredient name Sandalwood Album is derived from the species name Santalum album and is given to ensure our authentic, sustainable, and exceptional quality sandalwood is recognised and trusted worldwide by consumers, partners and the market where there is significant latent demand for sandalwood with these qualities,” Mr Wilson said.
“For nearly 20 years, we have pioneered the growing of Sandalwood Album, creating a sustainable supply of an endangered species that has a history spanning more than 2000 years,” he said, referring to Quintis plantations in the Ord River region of northern Western Australia, (the company also has plantations in the Northern Territory and Queensland).
“We have discovered new, truly unique potential across pharma, skincare and wellbeing applications, and we have begun reawakening global markets to the power of this rare and ancient super-ingredient.
“In doing so, we recognised that we had become more than just a forestry management company - we had the opportunity to set the standard globally for high quality, sustainable Sandalwood Album, and to become the global trust mark,” Mr Wilson said.
Quintis stands for Quintessential Sandalwood. Quint is also drawn from the Latin meaning of five – the Quintis trust mark depicts five rings around the heartwood of a Sandalwood Album tree.
Each ring represents a unique aspect of the super-ingredient:
Perfume: Sandalwood Album delivers a striking woody base note whilst also acting as a fixative to ensure the longevity of the perfume on the skin.
Potency: Global clinical studies of Sandalwood Album are currently being carried out by our pharmaceutical arm Santalis for eczema, acne, psoriasis, oral mucositis,
molluscum and HPV. Quintis Sandalwood Album® is the only pharmaceutical grade sandalwood oil in the world.
Provenance: Declared a noble tree by the sultan of Mysore in 1792 and considered the purest sandalwood species, our seeds’ botanical origin is DNA verified using the latest scientific technologies.
Power: Sandalwood has been used for thousands of years for worship within the
Hindu and Buddhist faiths, and within traditional Chinese and Ayurvedic medicine for its ubiquitous impact on wellbeing and spirituality.
Peace of Mind: Sustainably cared for in Australia – Quintis supports the highest calibre of care, working according to international standards for quality (ISO 9001), environment (14001), health & safety (AS/NZ 4801) and Good Manufacturing Practices (GMP).
The company’s first harvest was in 2014, and Quintis now grows more than five million Sandalwood Album trees, located on over 12,000 hectares across one of the most genetically biodiverse and visually stunning regions our planet has to offer.