Government has asked companies in the wood industry in Viphya Plantation to promote value addition on their products.
Ministry of Natural Resources, Energy and Mining director of forestry Stella Gama said this on Friday when she inspected modern equipment that Consolidated Processing Industry (CPI), a Malawian- owned company, has procured to promote value addition in forest management.
She said the ministry is championing to protect forests and that value addition is a priority.
“Value addition puts less pressure on trees. There is need to be innovative to restore the plantation and boost economy,” Gama said.
She commended CPI for promoting value addition, despite the company being new.
“The new equipment is a huge investment that will require government’s support. We will support the company to ensure efforts of indigenous Malawians do not go down the drain,” she said.
CPI director of finance Peter Mwanza Junior said the company is ready to support government grow the economy and protect the environment and empower communities.
“With the new equipment, the company is expected to employ about 300 people and support local contractors and communities,” he said.
CPI executive director Taonga Mtegha commended government for its support.