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Swaziland invites partners in chipboard manufacturing plant
Wed, 05 May 2010 16:34


Region
Swaziland

Sector
Manufacturing

Summary:
The Swaziland investment promotion agency is seeking investors to establish a chipboard manufacturing plant in Swaziland. The country's numerous saw mills will provide plenty of feed stock for the proposed plant.
Contact
Sizwe Vilane

Email
vilanez@sipa.org.sz


Investment opportunity: Establishment of a chipboard manufacturing factory

Sector description: The forestry sector and related processing operations make up 15% of the country’s GDP and directly employs about 8,000 people. It also provides business for many sub-sectors which supply services such as forest management, fire fighting and transport. About 36% of the country’s area is under indigenous or man-made forests such as  Usutu pine forest , one of the largest man-made forests in the world.

The establishment of a chipboard manufacturing project would be the first ever, benefiting from plenty of waste from saw mills across the country.

Cost of investment: The level of investment depends on the scale of the project. Joint ventures are preferred for this specific opportunity, though there is a 100% foreign ownership option.

Some of the incentives to investors include:
• 10% corporate tax
• 50% Initial depreciation
• Unlimited loss carry forward

Interested investors can get further information from the Swaziland Investment Promotion Authority SIPA.

Contact person: Zizwe Vilane
Director: Foreign Direct Investment
e-mail: vilanez@sipa.org.sz
 

 

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