LKTS - good for business?

LKTS as a business strategy

Wood-based industries being persuaded to use a broader selection of species is likely to be a beneficial business strategy for all.

Some industries are already experiencing soaring prices and price premiums on well-known and highly used species. Some are also finding that species known for their excellent properties no longer meet expectations simply because of the limitations on quality logs. This is seen both in terms of quality and the size of available logs. Overexploited species may face future trade restrictions.

All of the above can be avoided through a diversified purchasing strategy that includes prices selected on the basis of technical quality and not solely on name.

Helping smallholders in the tropics

Often smallholders will be some of the providers of lesser known species. Being able to sell these species to a developed marked could mean the difference between being successful in maintaining certification and sustainable forest management or struggling to make ends meet.

The sourcing of LKTS timber helps people and forests in the tropics towards a more sustainable business model with a higher likelihood of long-term success and effective maintenance.

Lack of knowledge is stopping progress

Lack of knowledge of wood properties and the possible uses of LKTS are often identified as reasons why we are not already taking advantage of this great sustainable potential.

Our aim is therefore to help reduce the knowledge barrier by introducing LKTS and its potential in a practical and experience-based format. If we are able to help industries, such as the timber, construction and design industries, to pursue LKTS wood instead of their standard choice of species, we will truly be moving towards supporting green growth in developing countries.