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Friday, March 02, 2007

Investor wishes to set up F$42 million paper factory

Another Australian based investor has indicated that it wishes to set up a F$42 million paper manufacturing business in Fiji. The investor is to use baggase and wood chips (two waste products) to manufacture paper.

The business is to be set up in the North (Vanua Levu) over the next two years and has been discussing sourcing baggase from Fiji Sugar Corporation and wood chips from Fiji Pine, Fiji Hardwood Corporation and Tropic Woods.

The company is also exploring the possibility of making mahogany furniture for exports.

Vanua Levu is being considered as the ideal location after the Interim Government offered the investor certain concessions to set up there.

The investor said the first year would be spent on doing a feasibility study for the project and if things proceeded as planned, the set up of the factory would start from the second year.

Note : Foreign investors that need assistance for setting up business in Fiji can use our company, Gilbert & Samuels Company Limited. We can help with all facets of work, including applying for all necessary permits/approvals and seeking domestic financing for part of the project. Our contacts are : e-mail gilbert@connect.com.fj and telephone (679) 3396427.

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