GEORGETOWN, Guyana (AP) A Chinese state-owned company plans to develop a timber-processing plant for logs it harvests in the rain forest of western Guyana.
A spokesman for Bin Shan Forest Development says the plant will be part of a larger industrial park that the company will develop in Linden, the second-largest town in the South American country.
Spokesman Lun Weikang said the company expects to invest about $500 million in the project. Weikang did not give a completion date for the project in an interview Tuesday but he said the company has begun hiring a workforce that is expected to reach 700.
Bin Shan is a division of state-owned China Forest Industry Group Company Ltd. It has a 272-,000-acre (110,000 hectare) timber concession in western Guyana.