BY BEN BILUA
Gizo
THE Kolombangara Forestry Plantation Limited (KFPL) continues to make a significant contribution to the Solomon Islands’ economy by employing more than a thousand workers and generating around $30 million annually in national revenue.
This week, KFPL welcomed a new investor — New Forest (Asia) Limited — as the new majority shareholder of the company.
Prime Minister Jeremiah Manele congratulated New Forest (Asia) Limited for its confidence in investing in the country’s forestry sector and becoming the majority shareholder of KFPL.
He also paid tribute to the management and board of KFPL for their exemplary leadership and resilience throughout the years.
“Managing sustainable forestry is not easy — yet you have maintained your Forest Stewardship Council Certification and set a national standard for responsible forestry,” Manele said.
He said the Solomon Islands Government is committed to supporting KFPL and to ensure that the forestry sector continues to grow sustainably while benefiting local communities.
“The Government of Solomon Islands looks forward to working closely with KFPL to strengthen sustainable forestry management, ensure community benefits, and promote long-term investment in the forestry sector,” Manele stated.
He said the government is optimistic that with new investment and capital inflows, KFPL’s contributions to employment and national revenue will continue to increase in the years ahead.
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