Czech forestry and wood-processing company CE Wood is hoping to expand operations to China.
CE Wood representatives have visited the country to discuss the possibility of co-operating in the country’s forestation efforts, joint venture offers and trading in wood products.
Michael Broda, the company’s chief financial officer, said CE Wood could place commodities worth about CZK100m on the Chinese market next year.
He said: “The local market is very attractive because of the large demand for wood, which is virtually non-existent in China, and the resulting high prices.”
Mr Broda said the company could also sell raw materials in China, as they fetched twice as much as in the Czech Republic.
The Chinese have also expressed interest in CE Wood’s knowledge of wood processing and rapid implementation of housing and municipal construction projects.
CE Wood also plans to expand to Poland.
