WOODCATS International, the Kingston-based producer of pallets, has set its sights on diversifying its product offerings “up the value chain” by next year while it is also keen on pushing its products in the export market.

Derrick Cotterell, managing director of Woodcats International, told the Jamaica Observer that the company is currently exploring a number of possibilities with lumber, outside of pallets. “If we are going to make more profits for the company, it will not be through pallets. There is no great profit on pallets.”

“Our primary product is a product for which we have to keep the cost low,” Cotterell told the Business Observer. “So, pretty much a pallet is probably the lowest value-added product you can get from lumber. We are looking to go further up the value chain to produce more products from lumber with the similar skillsets that we now have.”