Xiamen Beatifu Biotechnology Company of China is on the Copperbelt Province to explore investment in the forestry sector. Ximen Beatifu Biotechnology Company Limited President, Eric Chen said his company is interested in pine trees saying it will remove the bark of the trees to extract a liquid called risins without cutting the trees.
Mr Chen explained that the liquid extracted from pine trees is used to make medicines, paint and asphalt which is used in making roads.
He said the investment will benefit both countries once actualised saying the excess final product will be exported to China thereby, increasing Zambian’s foreign exchange.
Mr Chen said once the project is approved by government, the company will invest about ten thousand United States dollars and will start production with about a thousand trees giving an assurance that the trees will not be affected.
ZANIS reports that Mr Chen said this during a courtesy call on Copperbelt Province Permanent Secretary, Bright Nundwe.
And welcoming the investors, Mr Nundwe said the investment is welcome especially that the Copperbelt is looking at other sectors such as forestry for diversification of the economy if the province and country at large is to attain sustainable development.
He retaliated government’s commitment to diversify the economy in order to reduce dependence on mining adding that, the investment will create about a hundred jobs.
Meanwhile, Mr Nundwe has urged traditional leaders in the province to consider investing in pine tree plantations noting that, the market will be readily available.
The PS further stated that the fear of deforestation will be eliminated once the locals realise the value of growing the trees.