Categories: Business Commodities

TPAZ advocates for value addition in timber industry

The Timber Producers Association of Zambia (TPAZ) has observed the need to invite Chinese experts in timber industry to train local timber producers to add value to timber.
The Association believes that this will help Zambia in exporting quality processed timber products.
TPAZ Vice President Charles Masange has told Money FM News via telephone that local timber producers need capital for them to add value to the raw materials in the timber industry.
Mr. Masange said at the moment, the timber producers lack financial muscle for them to expand their businesses.
He said the government should help the local timber producers with trainings in value addition by inviting experts from countries such as China and Algeria.
“It is not sustainable for us as a country to continue exporting timber in raw form. We are losing out in terms of revenue. Can we add value to our timber and give it value when exporting the timber products,” he lamented.
Mr. Masange added that Zambia will earn some revenue if it starts exporting processed timber as opposed to exporting it in raw form.

More From Author

Future-Proofing Your Business Building

News of the Abyssal Wonders discovery has reverberated throughout the scientific community, sparking intense interest…

Read More

Car Enthusiast’s Dream: Exploring High-Performance Models

News of the Abyssal Wonders discovery has reverberated throughout the scientific community, sparking intense interest…

Read More

The Dos and Don’ts of Professional Gatherings

News of the Abyssal Wonders discovery has reverberated throughout the scientific community, sparking intense interest…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

IZB profit up 18.74% to K604.33 million

IZB has posted a K604.33 million Net Profit after tax for the year ended 31st…

Read More

Indo Zambia Bank declares K50 million dividend cheque

This is part of the K125 million dividend, the highest ever for 2023 financial year.…

Read More

Economist expects currency to hit K15 between April, December, 2024

  The Kwacha has been experiencing an unusual decline since introduction of the Export Proceeds…

Read More