Moulinvest SA is a France-based company that specializes in the wood industry. The Company provides wood cutting services and manufactures finished wood products aimed at the building industry, such as beams and timber frame structures for houses. The Company also uses the waste from its primary activity using biomass to produce electricity and heat, as well as manufacturing wood pellets to be used in heating systems. Moulinvest SA sources its wood from forests in the Auvergne and Rhone-Alpes regions of France. The Company has various direct subsidiaries, such as Scierie Moulin, which regroups the wood cutting activities of the Company, and Moulin Bois Energie, which focuses on the renewable energy activities of the Company. Moulinvest SA also has an indirect subsidiary, SCI de Ville, a real estate company which owns the building used by Scierie Moulin.