Plywood prices

Plywood prices

In your edition of Saturday, Aug. 12, 1995, in the Business
Column entitled Plywood exports tumble due to declining prices,
among others you wrote that "Tjipto said that APKINDO spent a
large amount of money to cooperate with the Mexicans," ...etc.

Without any further elaboration, we are afraid that it could
mislead and create negative interpretation among the readers. To
put the issue in the proper position, therefore, allow us to
clarify that the above mentioned statement of Mr. Tjipto is
solely meant and based on the fact that APKINDO really spent a
large amount of money for the following purposes:

* Hiring local lawyers

* Hiring supporting lawyers from White & Case USA

* Cost dispatching our delegates to Mexico for public hearing
and cost for our team in preparing relevant supporting documents
and data since 1993.

* Other general expenses

On the other hand, it is a reality too, that in facing the
accusation, APKINDO is supported by Comer Forest, the Mexican
Importers Association, because they are also accused of the same
allegations of dumping prices.

RIDWANTO

Deputy Executive President

Indonesian Wood Panel Association

Jakarta