More than $8 million is expected to be generated to Fiji every year by Tropik Woods after a Memorandum of Understanding was signed this morning with South Korean based company called GIMCO.
The Bio Mass Chip Plant has been set up by the GIMCO Company to assist Tropik Woods conduct the project in Nabouwalu within three months.
Tropik Woods Executive Chairman Faiz Khan said the new Chip Mill project will be based on the sustainability of forests.
Khan stressed that in today’s global market there is no such thing as waste anymore.
