Plywood output plan revised

Plywood output plan revised

JAKARTA (JP): The Association of Indonesian Wood Panel
Producers (Apkindo) has revised downward the country's 1997
plywood production target to about 9.6 million cubic meters from
10 million cubic meters due to a lack of log supplies.

Apkindo executive chairman A. Tjipto Wignjoprajitno was quoted
yesterday by Bisnis Indonesia as saying the country's plywood
export target, therefore, would be lowered to 8.4 million cubic
meters this year from 9.9 million cubic meters.

Indonesia last year produced 9.57 million cubic meters of
plywood, of which 8.5 million cubic meters were exported, he
said.

Tjipto said domestic plywood sales were expected to increase
to 1.2 million cubic meters this year from 1.06 million cubic
meters last year.

Tjipto said the price of Indonesian plywood on the world
market increased to an average US$503 per cubic meter this year
from $497 last year. (13)