Local company R.L. Sukhram and Sons Sawmill, one of the two firms that have secured a lot in the former Barama Company Limited (BCL) concession in the North West region, plans to focus on value-added production and expects to finalise a deal soon with an Asian investor for the development of a plywood and veneer factory.
The Ministry of Natural Resources last Saturday announced that the Guyana Forestry Commission had awarded two lots, totaling over 800,000 hectares of the former BCL concession, to R.L. Sukhram and Sons Sawmill and the Chinese company Rong-An Inc. It said the awards are expected to yield a total investment of US$9.5 million by 2020 and the creation of 524 jobs when the operations are at full scale.
