Fiji Time: 4:25 PM on Sunday 23 November

Fiji Times Logo

/ Front page / News

Pine industry eyes $30m

Repeka Nasiko
Friday, May 11, 2012

RETURNING the pine industry to sustainability could mean potential profits of about $30million every year, says Tropik Wood Industries Limited CEO Faiz Khan.

The company has now shifted its focus from harvesting to replanting.

"In the past we harvested at a much faster rate than what we have planted. This means that our forests in Viti Levu are not sustainable at current rates of production," said Mr Khan.

"To return to sustainability we have to reduce production for at least the next seven years and focus on planting. A successful return to sustainability will mean that we now have to plant more than we harvest."

He said the company was looking at shipping four loads a year from Viti Levu for the next seven years starting next year in comparison to the usual eight vessels.

Mr Khan said although this would affect profitability, sustainability could not be compromised for short-term profits.

"The good news is that with good management we can maintain good profit levels while focusing on the sustainability of the forests in Viti Levu.

"The better news for the future is that if we are able to return the industry to sustainability we can make huge potential profits of at least $30 million every year from eight years onwards when we can return to full production."





Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Today's Most Read Stories

  1. Sturridge out for the season
  2. $50m more
  3. This team is much fitter than Gold Coast winning team says Ryan
  4. Chaudhry describes budget as 'ambitious and unrealistic'
  5. Three drown
  6. Fiji's return anticipated
  7. FCEF: Budget to help Fijians
  8. Alcohol duty up by 10pc
  9. Fijians win
  10. Boxing: Loss ends Cameron's career

Top Stories this Week

  1. Tourist's death: Murder accused to appear in court Monday (17 Nov)
  2. Stabbed to death Tuesday (18 Nov)
  3. Prime Minister Modi arrives in Fiji Wednesday (19 Nov)
  4. Kill victim cried for help Tuesday (18 Nov)
  5. The man behind the scene Monday (17 Nov)
  6. Bula Mr Modi Wednesday (19 Nov)
  7. Man found unconscious, dies in hospital Monday (17 Nov)
  8. Modi-fied Thursday (20 Nov)
  9. Modi announces visa on arrival for Fiji people Wednesday (19 Nov)
  10. WHAT FIJI WILL GET Thursday (20 Nov)