By NATARIO McKENZIE
Tribune Business Reporter
nmckenzie@tribunemedia.net
AN Abaco-based timber company said yesterday that its operation had come to a “dead stop” after duty concession issues led to the delay of a shipment of $400,000 worth of vital equipment, its principal telling Tribune Business, “We’re stuck and can’t do anything”.
Lindar Industries principal Rob Roman said: “We have had a few sales. They have been all that brisk because we have been kind of tied up in more government red tape at the moment. We’re fighting with that at the moment and it has to do with duty concessions. We’re back to a dead stop. I have almost $400,000 worth of equipment sitting on the dock in Miami that we were assured we had duty concessions on that – now the government is having second thoughts or having issues with it.”
Mr Roman said that he had been attempting to meet with Ministry of Finance officials to resolve the matter but had been unable to get a meeting up to this point. “I’m trying to get meeting with them but that’s like trying to pull teeth out of a chicken. It’s just round and round trying to get someone on the phone. The implication of this is $200,000 of extra duty and that’s why the equipment is sitting in Miami, not moving and it will blow my budget totally. We had everything ramped up and now we have another delay. It’s hard to sell anything when you don’t even have any product to show,” Mr Roman said.
He added: “ We had one load that we shipped out, we did another order for a lady in Freeport, and an order to get done for St Martin Monastery here but we’re stuck and we can’t do anything. The equipment we need is all related to the process. We had a duty exemption that was from 2013 but some of the equipment, when we went to buy it, the price varied and we asked if we could get an adjustment on some of the pieces. I carried it in to the Ministry of Finance and was told it was fine and then I was told there was an issue and that the whole thing might be cancelled.”
Simon Wilson, the Ministry of Finance’s deputy financial secretary, told Tribune Business via email that he was not personally aware of the matter but noted that the Ministry of Finance “does not act in a haphazard manner”. Mr Wilson said that he was certain that the reason for its actions had been given in writing to the importer.
Lindar took hold of a lease for 6,746 acres of pine forest on Abaco Crown Land from the Ministry of the Environment back in 2011. The company was granted a five-year renewable timber harvesting license. The company is looking to tap into the “niche” market for high-end wood products.
Comments
B_I_D___ 10 years, 6 months ago
You clearly did not bribe the right official!! ;-)
USAhelp 10 years, 6 months ago
Get some green put it in the right hands then you can get what ya want
sheeprunner12 10 years, 6 months ago
What if this was a foreign investor from up North or Europe or China??????
These comments about bribery are tasteless................ but true
ohdrap4 10 years, 6 months ago
hey the seaplane to elbow cay project was by a foreign investor, that is dead in the water too.
TheMadHatter 10 years, 6 months ago
Seeing that Mr. Wilson is quoted here as saying he is not even aware of the matter - Mr. Roman would be WELL ADVISED to try hard and find a buyer for his equipment in Miami or elsewhere in the USA. Then pull whatever monies he has over here back to the USA - cancel his lease - and try see if he can get some work up in North Dakota on the oil pipeline or something.
When something like this happens, it is only just the start of things to go wrong in the future. Abaco pine forest has a colorful, but sad, history regarding foreign investors. The last one there (Owens Illinois) having burned and then dug craters and buried their own equipment before leaving in the middle of the night.
TheMadHatter
SP 10 years, 6 months ago
Nothing new here...PLP & FNM fully expect these types of investors to pay duty on equipment...and they won't....They just walk away....40 years of BUMBA!
Do they want long term job creation or short term gain from Duties?
They want their cake and eat it too.
JACKASS"S one and all!
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