Papua New Guinea agricultural supplier Farmset is expanding its physical presence and product lines, as the country’s timber and agribusiness sectors continue to grow.
Industry sectors
If you have spent much time in Papua New Guinea you may not necessarily have heard of AkzoNobel, but you’ll almost certainly be familiar with its Taubmans and International brands of paint. In fact, AkzoNobel is the world’s largest paints and coatings company and employs more than 55,000 people worldwide.
Papua New Guinea’s agricultural sector has a number of competitive advantages, including high seasonal rainfall, good quality soil and low-intensity methods. The absence of pesticides and artificial fertilisers presents opportunities for PNG to position itself as a leading organic producer.
For over 100 years, cocoa has been a driving force behind commercial agriculture in Papua New Guinea. But until now there has been little local use of PNG cocoa; instead, large quantities have been exported. In 2011, Paradise Foods Limited embarked on a new project to process PNG-grown cocoa beans into world-class single-origin chocolate couverture, investing in the establishment of a pilot plant in Port Moresby.
Greater access, improved accommodation and a unique culture lure greater numbers of visitors to Papua New Guinea.
Xstrata Copper has confirmed that it is considering the sale of part or all of its 81.82% share of the Frieda River copper-gold project on the border between Sandaun and East Sepik Provinces in Papua New Guinea.
Papua New Guinea’s fisheries sector is responding to the demands of its global market.
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.
Nigel Parker, Managing Director and Chief Executive Officer of Ok Tedi Mining Limited (OTML), shares his thoughts on corporate social responsibility, mine life extension and what it means to lead a major mining company in a global market.
Papua New Guinea’s new regulatory regime for ICT is being credited with bringing about greater competition and an expansion of services. Business Advantage spoke with Charles Punaha of the National Information and Communications Technology Authority, the industry’s regulator, to discover how.