In the wake of the closure of its plywood factory at Land of Canaan following a boiler explosion, Barama Company Limited has begun importing plywood.
In a press release yesterday, the company said the first shipment of approximately 1,016 cubic metres (562 crates) of plywood arrived at the Barama Jetty on Friday and is expected to meet local market demand for at least two months.
The company said it is making every effort to supply plywood at a lower price to local distributors, and has applied for exemption of import duty and VAT to minimize costs. However, it said that several factors have impacted the final price including high import prices, import duties, freight and handling charges.
Barama’s CEO, Clement Ooi, said, “… we are concentrating our efforts
to implement a medium-term plan to commence plywood manufacturing by end of June 2011, with the aim of restoring our plywood production capacity to normal levels by the end of December 2011.”
