Losses of more than half a million pounds at St. John’s Sawmill should be wiped out completely in three years time - so says Agriculture Minister Phil Gawne.
After losses were estimated to be in the region of £600,000 annually as recently as 2005, a department business plan is continuing to tackle the problem, as well as investing in new equipment and improving the facilities.
That includes a new woodchip manufacturing and storage system which will provide fuel to public buildings.
Mr Gawne says the use of timber as a fuel has significant potential benefits, both financial and environmentally, for the Isle of Man and he’s delighted with the turnaround at the Sawmill.
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