GMK Global Signs Lease and Management Contract for 100 Million Pyeong Bamboo Forest in Hubei, China
GMK Global announced on the 5th that it has signed a contract to lease and manage a 100 million pyeong bamboo forest in Hubei Province, Zhonggu District, for 30 years. GMK Global is also constructing a factory (approximately 40,000 pyeong) that processes pellets using thinned bamboo while managing the bamboo forest.
Hot Picks Today
"Buy on Black Monday"... Japan's Nomura Forecasts 590,000 for Samsung, 4 Million for SK hynix
- "Plunged During the War, Now Surging Again"... The Real Reason Behind the 6% One-Day Silver Market Rally [Weekend Money]
- "Not Everyone Can Afford This: Inside the World of the True Top 0.1% [Luxury World]"
- "We're Now Earning 10 Million Won a Month"... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- Experts Are Already Watching Closely..."Target Stock Price 970,000 Won" Now Only the Uptrend Remains [Weekend Money]
The company also plans to lease a 60 million pyeong bamboo forest in Sichuan Province, China, for 20 years using the same method and build a 40,000 pyeong factory.
Accordingly, the overseas bamboo forests secured by GMK Global total about 160 million pyeong, with a daily biomass fuel production of approximately 1,300 tons. Of this, 90% will be supplied as fuel to domestic power plants, and about 10% will be used for private purposes.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
