The organisation says the Company has also committed itself to working closely with the government to ensure that it maintains compliance with all forest sector policies and the objective of value-added processing.
When BCL announced the restart of operations, company representatives indicated that they had been working hard to restore plywood production so as to enable re-employment of over 200 workers who had been without work since last October, when the entity ceased production after a boiler was severely damaged.
The ITTO report noted that the resumption of the plywood factory will have a positive impact on the country’s housing drive and for many businesses involved in house building. Prior to the temporary closure, Barama was producing around 1,600 cubic metres per month, but with the new operation, this should increase to 2,400 cubic metres per month.
The recommencement of plywood exports came at a time when demand was solid, and good prices were secured, with BB/CC quality plywood prices having increased from US$640 to US$690 per cubic metre.