Wood processing, materials R&D and business services will be concentrated at the new site which will focus on plywood and added value product manufacturing.
The investment will be in three phases, RMB1.2bn yuan (US$196m) will be invested in the first phase and the value of the annual output is forecast at RMB3bn yuan (US$489m). On completion of the investment this will be one of the largest wood processing operations and will extend over an area of 320ha.
