Lingui sees higher timber demand

LINGUI Developments Bhd, which has bought Samling Plywood (Miri) Sdn Bhd to boost its timber resources, expects the demand for timber products to continue improving especially from Japan, in line with the global economic recovery. 

The group, which exports 90% of its plywood to the Japanese market, believes that log and plywood prices would remain strong particularly now that neighbouring countries are putting a tighter lid on illegal logging activities – the biggest threat to the timber industry.