Priceworth's turnaround plan

AFTER being in the red for over a year, Sabah-based integrated timber player Priceworth International Bhd expects to see a change in its fortunes on the back of rising prices for its products and replanting efforts to boost its own timber supply.

Executive director Richard Koo Jenn Man says the losses it suffered was due mainly to a shortage in raw materials supply for its downstream products such as plywood, sawn timber, veneer and timber mouldings.