Cymao has a long history of innovation


BY DALJIT DHESI

CYMAO Holdings Bhd started operations in Taiwan in 1960 as Cyma Plywood and Lumber Co Ltd (CPLC), which was then part of conglomerate Formosa Plastic Group. 

CPLC has a long history of manufacturing quality and innovative wood products. CPLC's manufacturing facility, together with its sister company Sunrise Plywood Corporation's facilities, were the country's major player in wood-based industries.  

From 1960 to 1989, CPLC consolidated its position as, among others, a supplier of both plywood panels and value-added products, including decorative plywood, doors, flooring and venetian blinds. However, CPLC ceased operations in Taiwan in 1990 due to the rising labour costs, which led to overall increased production costs and reduced profit margins. 

In 1991, Lin Tsai Rong, the current managing director, and his partners decided to set up a similar manufacturing operation in Sandakan, Sabah. Cymao Plywood Sdn Bhd (CPSB) was set up in view of the availability of raw materials, adequate infrastructure for plywood operation and Government incentives to promote the industry in Malaysia.  

In the beginning, CPSB, which in now a wholly-owned subsidiary of Cymao Holdings, was involved in the production of sawn timber. In 1992, with a team of personnel experienced in production, management systems and technical know-how from Taiwan, CPSB commenced plywood manufacturing and secondary processing and ceased being involved in sawn timber production. 

The move from Taiwan to Malaysia has resulted in skill and technology transfers to Malaysia. The skill and technological transfers were made possible by the moving of the manufacturing and marketing operations of a wide range of timber and plywood products.  

Cymao undertakes research and development in all aspects.

Along with the transfer of its team of experienced and highly skilled production personnel from Taiwan, Cymao also inherited from its predecessor's marketing network. 

 CYMAO :  [Stock Watch]  [News]

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
   

Next In Business News

Asia shares spooked by US inflation scare, hope for Fed calm
Asia shares spooked by US inflation scare, slip to 7-week lows Thursday
Bitcoin ticks back in Asia after Musk tweet sent price down 17%
Tesla stops taking bitcoin payments for vehicles over climate concerns
Vegetable Oils surge, Soy futures reach highest since 2012
Jobs, inflation data surprises not changing Fed plans
Oil price rises to 8-wk high on demand hopes, U.S. export decline
GLOBAL MARKETS-Wall Street skids on inflation fears; USD, bond yields jump
Capitalising on loan growth
Teo Seng invests in new equipment

Stories You'll Enjoy


Vouchers