News archive

Tag: Malaysia

Malaysian Wood Expo Planned for November

Malaysian Timber Council, Wood Expo

The Malaysian Timber Council (MTC) and Pablo Publishing Pte Ltd are staging a Malaysian Wood Expo (MWE) from November 19-21. The event, which will be held at the Putra World Trade Centre in Kuala Lumpur, is endorsed by the Ministry of Primary Industries of Malaysia, as well as the Malaysian Timber Industry Board (MTIB), Malaysian Wood …

Malaysia: Short-term Recovery Seen for Wood-based Manufacturing

Malaysia, Market Recovery

PETALING JAYA: Short-term recovery is expected for furniture players especially firms with operations in Vietnam, as the US has adjusted offshore sourcing of furniture from China to Southeast Asia (SEA), particularly Vietnam, according to HLIB Research. Malaysian furniture manufacturers that have operations in Vietnam include Poh Huat …

MTC to open new regional offices in Houston and Rotterdam this year

Malaysian Timber Council, new regional offices, Houston, Rotterdam, timber, timber-related products

MTC will set up new regional offices in Houston, Texas, and Rotterdam to seek new buyers in the United States and Europe as well as source for raw materials, said MTC chief executive officer Richard Yu.   He revealed that they aimed to open the Rotterdam office this month and the Houston office in the second half of this year. “The …

Malaysian timber exports to reach RM25 billion next year

Malaysia, timber, forestry

Despite worries surrounding the US-China trade war and Brexit, the Malaysian Timber Council (MTC) is confident that Malaysia can export RM25 billion of timber and timber-based products by next year. MTC chief executive officer Richard Yu denied the timber industry a sunset industry. At present, he said Malaysia’s timber and timber-based …

Foresters knowledgeable in HCVs to be in demand

Malaysia, High Conservation Values, forestry

Knowledgeable foresters on High Conservation Values (HCVs) identification, management and monitoring practices will be in high demand as Sarawak moves towards having all of its Forest Management Units (FMUs) certified by 2022. As such, Forest Department Sarawak (FDS), Sarawak Forestry Corporation (SFC), Sarawak Timber Association (STA) and …

Production costs rising in Sarawak

Malaysia, timber, tax

Beginning this year timber companies in Sarawak had started paying a higher Rehabilitation and Development tax. The tax was increased from RM0.60 (SGD 0.20) to RM5 (SGD 1.64) per cubic metre in January this year. In addition to the revised tax, companies were required to pay a higher premium for hill species. Hamden Mohammad, State Forest …

Accsys to evaluate a Tricoya plant in Malaysia

Accsys, Malaysia, new plant

Accsys, the fast growing and sustainable chemical technology group, recently confirmed that it was exploring opportunities for new manufacturing plants outside Europe. Its subsidiary, Tricoya Technologies Limited (“TTL”), has now entered into an agreement with PETRONAS Chemicals Group Berhad (“PCG”) to evaluate the …