KUCHING: Malaysia’s exports of hardwood plywood to the United States (US) jumped by 41 per cent to 91,392 cubic metres (cu m) in 2024 compared to 2023. However, compared to top suppliers Indonesia and Vietnam, Malaysia remains a relatively small plywood supplier, ranking sixth on the list of exporters to
KUCHING: Wood product manufacturers from several countries are complaining about the skyrocketing ocean freight charges and irregular shipping schedules when exporting their products to the United States (US) and Europe. The complaints about logistics in exporting timber products are loudest from Vietnam, China, Indonesia, Brazil, and Malaysia, according to the
KUCHING: The European Commission (EC) has imposed provisional anti-dumping duties on Chinese multilayer wood flooring, ranging from 42.3 per cent to 49.2 per cent. The EC’s investigation, initiated on May 16, 2024, culminated in the anti-dumping ruling on Jan 15, 2025, affecting several Chinese companies. “The product involved has the
KUCHING: Malaysia is among the top three suppliers of wooden bedroom furniture and office furniture parts to Japan. In November 2024, Malaysia exported RM5.26 million worth of wooden bedroom furniture (HS 940350) to Japan, out of the latter’s total imports of RM85.77 million worth of the product. Japan paid RM52.67
KUCHING: Jaya Tiasa Holdings Bhd has reported a sharp decline in monthly log and oil palm crop production at the start of the new year. In January, the Sibu-based company saw its log production volume plunge to 1,899 cubic metres (cu m) from 10,464 cu m in the corresponding month
KUCHING: The European Union (EU27) and the United Kingdom (UK) increased their imports of Malaysian tropical wooden furniture by 21 per cent to 80,000 tonnes in the first 11 months of 2024 (11M2024) compared to the same period in 2023, according to the International Tropical Timber Organisation (ITTO). Malaysia remains
KUCHING: Sarawak has recorded a nearly 10 per cent decline in export earnings from the timber industry, amounting to approximately RM2.84 billion in 2024, compared to RM3.14 billion in 2023 — a reduction of RM304 million. The decrease in year-on-year export receipts was primarily due to a significant drop in
KUCHING: Borneo Oil Bhd has granted 1.375 billion options under its new Employees Share Option Scheme (ESOS) to eligible persons, including directors, as of Dec 31, 2024. All options have been exercised at RM0.0059 each. The latest exercise of 370 million options was on Jan 31. Other options granted and
KUCHING: Malaysia’s timber harvesting and production volumes saw a significant decline in December 2024, while demand also continued to weaken in both domestic and international markets, particularly for exports, according to the Global Timber Index (GTI) – Producers Report for December. “In December, the GTI-Malaysia index registered 20.3 per cent,
KUCHING: OM Materials (Sarawak) Sdn Bhd (OM Sarawak) has increased the combined production of ferrosilicon (FeSi) and manganese (Mn) alloys by more than 17 per cent to 508,512 tonnes last year from 433,961 tonnes in 2023 or up by 74,551 tonnes. Year-on-year, the production output of FeSi surged to 190,517