KUCHING: Press Metal Aluminium Holdings Bhd (Press Metal) has completed the second subscription tranche of new shares in PT Kalimantan Alumina Nusantara (KAN) in relation to an alumina refinery joint venture project in West Kalimantan, Indonesia. Wholly-owned subsidiary Press Metal International Resources (HK) Limited subscribed for 40 million Series C
KUCHING: China’s rubberwood imports have increased steadily in recent years, with the bulk of the imports coming from Thailand, Indonesia and Malaysia. As one of the world’s largest rubberwood consumers, China is importing a large volume yearly as the domestic rubberwood production cannot meet market demand. “Thailand is one of
KUCHING: China has significantly cut down the import volume of logs and sawnwood in October 2024 as their average import prices have risen. For the month under review, China’s cumulative wood imports reached 4.66 million cubic metres (cu m), marking a 10 per cent decline compared to the same period
KUCHING: Borneo Oil Bhd has obtained the approval of its shareholders for the proposed bonus issue of bonus warrants at its extraordinary general meeting (EGM) on Thursday. Borneo, which owns homegrown fast food chain restaurant SugarBun, has proposed to issue up to about 3.52 billion of free warrants on the
KUCHING: Malaysia has started producing wood-plastic composite (WPC) materials as the global demand has been growing. These WPC materials are made from wood and plastic waste that can be recycled, according to Malaysian Timber Industry Board (MTIB). As this kind of material is waterproof, states that are often struck by
KUCHING: The recent export of the first batch of European Union Deforestation Regulation — (EUDR) compliant plywood to Poland may open up new market opportunities for Sabah’s timber sector, according to GTI-Woodbased Panel (GTI-WBP) report. The export of the EUDR-compliant plywood, comprising 45.73 cubic metres, was produced by Integrated Wood
KUCHING: Harbour-Link Group Bhd has delivered significantly higher group net profit of RM24.56 million in first quarter to September 30, 2024 (1QFY2025) from RM16.13 million a year ago, bolstered by higher shipping freight rates and cargo volumes transported. Group revenue surged to RM248.3 million from RM206.1 million recorded in 1QFY2024.
KUCHING: CCK Consolidated Holdings Bhd group has sustained its earnings growth, with net profits surged to RM23.34 million in third quarter ended September 30, 2024 (3Q2024) from RM19.98 million in 3Q2023 as it rode on robust consumer demand for its poultry products. This was achieved as group revenue climbed to
KUCHING: Subur Tiasa Holdings Bhd group has reported stronger net profit of RM4.76 million in third quarter to September 30,2024 (3Q2024) from about RM1.1 million a year ago, bolstered by the improved performance of its oil palm business. This was despite a drop in group revenue to RM111.75 million from
KUCHING: High fresh fruit bunches (FFB) output and lower production costs have significantly lifted group net profit of Sarawak Oil Palms Bhd (SOP) to RM121.6 million in third quarter 2024 (3Q2024) from RM94.55 million in 3Q2023 or up by RM27.2 million (29%). The improved performance was in tandem with group