Merger of WCCL with NRDCL
Upon amalgamation of Wood Craft Centre Limited (WCCL) with Natural Resources Development Corporation Limited (NRDCL) with effect from April 1, 2021, the management of WCCL has been merged with NRDCL through a simple handing taking ceremony on April 2, 2021 attended by the Chairman, Board members and management team of erstwhile WCCL and the Chief Executive Officer and management team of NRDCL. The merger of two companies was based on the strategic realignment of WCCL business activities in the wood based industries.
The WCCL shall cease to exist from the 1st of April 2021 and the Centre will be now referred as Wood Craft Centre (WCC) under NRDCL and will continue to function from Langjophakha, Thimphu. Amalgamation is aimed at setting industry benchmarks and reinforcing the mandate of making timber resources affordable, available and accessible to the general public. The Chief Executive Officer, NRDCL also met with the employees of WCC, and reiterated on the importance of working together towards achieving the overall objective of the amalgamation as envisioned by Druk Holding and Investments Ltd.