KUALA LUMPUR: Ta Ann Holdings Bhd expects its new venture in Tasmania to contribute 10% to 20% to net profit from fiscal year 2007 onwards, following the completion of the RM90mil rotary peeled veneer (RPV) mill by year-end, managing director Wong Kuo Hea said at a briefing for analysts.
The Sarawak-based timber firm, through Ta Ann Tasmania Pte Ltd, recently signed an agreement with Forestry Tasmania for the latter to supply 150,000 cu m of billets per year to Ta Ann's RPV mill at between A$55 and A$90 per cu m, depending on size, length and grade.