4. PROJECT NAME: BIOMASS MANUFACTURING
King-Size Investments (Pty) Ltd is an innovative start-up business that will process Biomass (Invader-Bush) into Medium Density Fibreboard (MDF) and other related boards such as particle board for use in panels used in the assembly of kitchen cabinets, built-in-cupboards and other types of knock-down furniture for distribution in SADC. Bush encroachment affects approximately 34-45 million hectares of rangeland.
This results in signifi cant losses of productivity and of the livestock carrying capacity of farmland. Harvesting of Invader Bush is done through a process called “Bush Thinning”, as prescribed by Ministry of Environment and Tourism guidelines. The potential wood available for harvesting is 10 tonnes per hectare.
Exports to SADC countries will increase foreign exchange income for Namibia. The project will provide in excess of 1000 permanent jobs at harvesting sites, in excess of 100 permanent jobs at the factory, and an estimated 300+ temporary construction jobs. The project will indirectly boost beef production (and exports) through improved carrying capacity on rangeland and will help recover farm productivity.
N$1.1 billion (US$ 85 million)
The project will be implemented 18 months after the fi nancial close. This means that six months is the procurement phase and 12 months will be the construction phase.
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