China firms in bamboo ventures

KUCHING: Two China-based companies have provided a shot in the arm for Sarawak’s large-scale bamboo processing industry, with an estimated investment of RM1.8bil.

Sichuan Vanov New Materials Co Ltd (Babo) and G-Cove Technologies Co Ltd had recently signed an memorandum of understanding (MoU) with Sarawak Timber Industry Development Corp (STIDC) in China for the proposed bamboo processing projects.According to STIDC general manager Zainal Abidin Abdullah, Babo and G-Cove Technologies would invest in manufacturing facilities to produce bamboo fibre and pulp in Tanjung Manis, central Sarawak, and Demak here.