Touchwood diversifies

Touchwood Group enters the flooring market with the commencement of work on it's purpose built flooring manufacturing plant in Sri Lanka. The flooring manufacturing operation will be carried out through it's recently incorporated subsidiary T Wood Flooring.

Touchwood Ltd Hong Kong holds a 51 percent stake in the company. The other 49 percent stake is held by Touchwood Investments PLC.

The setting up of the timber manufacturing plant affirms the organisations commitment to add value to its produce from its plantations, lending assurance to its investors on their returns and also enhance the revenue streams to the company.

T Wood flooring will specialise in the manufacture and export of wooden flooring solutions using state-of-the-art equipment in its purpose built manufacturing plant currently under construction. T Wood Flooring will cater to the high-end European and American markets.