Magazine showcases Papua New Guinea’s produce and producers
Forestry
The Cloudy Bay Sustainable Forestry Company operates to a simple formula: ‘high quality at a fair price.’
Papua New Guinea’s forestry sector has bounced back from the 2008/9 slump, and is looking to value-adding, together with sustainability and traceability practices, for its growth.
Papua New Guinea’s forestry sector contributes 4% of the country’s GDP, with significant room to grow as it responds to the rising demand for sustainable and traceable forest products.
Rimbunan Hijau PNG (R H) is Papua New Guinea’s largest forestry business, accounting for about 45% of the country’s timber exports. Business Advantage spoke with Managing Director James Lau about his company’s strategy for growth and the sector’s future.
The sky is the limit as Papua New Guinea’s remotest province sets off on a remarkable course of sustainable development.
The forestry industry in Papua New Guinea has bounced back since the global financial crisis. Our two biggest markets remain Australia for sawn and processed products and China for round logs.
Papua New Guinea’s produce and products continue to find new markets overseas.