Dec 19, 2011. /Lesprom Network/. The Kitanihon plywood factory located in Ofunato, Japan, which produced around 11,000 cubic metres of plywood annually was badly damaged by the March tsunami. The company has now abandoned restoration efforts due to the high cost and the risk of another tsunami since the plant is close to the ocean. A total of 127 employees will loose their jobs, ITTO reported. The subsidiary company, Ofunato Plywood, which had been manufacturing tropical hardwood plywood, had also stopped operation in May with the loss of 50 jobs