Pacific Green tells big plans

By RACHNA LAL

Documents were signed and sealed last week confirming the sale of Pacific Green Industries’ interest in its Chinese-based subsidiary, Dongguan Golden Palmwood Furniture Pty Limited.
The agreement was for FJ$2.5 million in goods and services to be paid over five years.
Pacific Green Industries director and general manager, Ravin Chandra, in a release through the South Pacific Stock Exchange said the management thinks this is a good result for the company.
“It is profitable and allows for strong dividend payments to shareholders for the next five years,” he said.

Going ahead with plans
Mr Chandra said now Pacific Green Industries can forge ahead with plans to rebuild its own export markets out of its factories in Fiji.
“We want to rebuild out strong markets in Australasia and USA and we will be reapplying to the Fijian Government for some export-related concessions,” he said.
“If they are made available, we will have showrooms operating in both Australia and the USA this year.”