Ann: Chairman's address , page-3

(copied from the other thread in case this one takes over!)

And so it goes on.....

From the Chairman's report:

"As I have said previously, the Australian market is not prepared to engage with the banana fibre opportunity essentially because of the existing investment in infrastructure to process forest sourced fibre and the
resistance to move away from the entrenched commitment to forest sourced fibre – notwithstanding the recent failures in that industry.

"And we have also learnt from our demonstration factory at Walkamin in Far North Queensland, that sustaining a manufacturing business, especially a start up, is tough going in Australia with labour and transport costs being
prohibitive."

This fantasy that Walkamin's great technology is being held back by an industry conspiracy is laughable. Nobody wants to 'engage' with PPY because the process doesn't really work. How transport costs are of any relevance is baffling- the only transport costs insurred are for a couple of boxes of ply sent a year ago!