Gov’t satisfied Vaitarna has started ‘value added initiatives’

Government is satisfied that logging company Vaitarna Holdings Private Inc (VHPI) has commenced “value added initiatives” and it has disclosed that the company is looking to ramp up lumber production.

According to figures provided by the Ministry of Natural Resources, 30% of the company’s total production from 2011 to July this year, has been exported as logs. Total log production for that period by the company was 79, 450 cubic metres with