英语翻译
SouthAfricaBamboowascreatedbytransferringassetsfromSouthAfricaBambooGroup,whichhasanestablishedmarketpositioninthebambooplywoodindustry.SouthAfricaBamboo’sbambooplywoodproductsaremainlyusedintheconstructionindustryasbuildingtemplatesandhavecertainadvantagesoverbuildingtemplatesmadeofothertypesofwood.ThecashcontributionfromHamburgBamboowillbeusedtoincreaseSouthAfricaBamboo’sproductioncapacityinordertomeetincreasingdemand.TheregisteredcapitalofSouthAfricaBambooisEUR8.5millionandthecompanyisdebtfree.
TheManagementBoardofEuropeanBamboobelievesthatSouthAfricaBamboowillbuyaround20%oftheCompany’stotaloutputofbambootreesin2010.Inaddition,itexpectsthatSouthAfricaBamboowillachieveaturnoverandnetprofitofatleastEUR13millionandEUR1.7million,respectively.BenefittingfromthestrongdemandintheconstructionindustryinEurope,incombinationwiththecomparativebenefitsofusingbambooforbuildingtemplateproduction,theManagementBoardofEuropeanBamboobelievesthattheoutlookforSouthAfricaBambooisverypromising.
Mr.GeorgeStone,CEOandfounderofEuropeanBamboo,commented:“OurinvestmentinSouthAfricaBamboocreatesanewmajordistributionchannelforourbambootreeswhichwillincreasetotaldemand,inlinewithourplansforfutureplantationsizeexpansion.”