Engineered wood plant project for Sarawak


The MoU signatories were STIDC general manager Datuk Hashim Bojet,(pic) Woodsfield managing director Eddie Ling Lee Tee and Tilling Timber managing director Glenn Tilling.

KUCHING: Sarawak is expected to attract RM120mil investment in an engineered wood plant project, which will utilise timber from planted forests for its manufacturing activities.

Upon commissioning, the plant is projected to generate annual earnings of RM78mil, according to the Sarawak Timber Industry Development Corp (STIDC), which is spearheading the project.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Sarawak , timber , industries , Hashim Bojet ,

Next In Business News

Capital A expect to exit PN17 status by year-end
Felda proposes establishing national taskforce to develop oil palm carbon framework
Bursa Malaysia remains lower at midday, KLCI down 0.54%
Geohan secures RM59mil contracts for Penang LRT project
MUI Properties to buy Ijok land for RM605mil
Geohan sets sights on Singapore to drive regional growth
DRB-Hicom shares up on revised US$110.62mil purchase price for Spirit MY
AirAsia X eyes second-tier cities and broader Europe-Central Asia connectivity next year
Japan's Nikkei skids in subdued Asia as bets of rate hike grow
Oil prices head for 2% weekly gain as Fed hopes boost market, Venezuela tensions loom

Others Also Read