KUCHING: Sarawak Consolidated Industries Bhd (SCIB), through its joint-venture with MyArch group, is introducing cutting-edge infrastructure solutions to Sarawak, according to its group managing director/CEO Ku Chong Hong. He said combining SCIB’s extensive expertise in precast concrete manufacturing with MyArch’s advanced technologies, the collaboration offers innovative systems such as Bebo
KUCHING: Borneo Oil Bhd’s (Borneo) associate company Makin Teguh Sdn Bhd, which owns a cement plant in Sabah, has now obtained the requisite product conformity certificates for cement production. Makin Teguh had undergone the required product certification process in accordance with the Malaysian Construction Industry Standards, according to Borneo in
KUCHING: B.I.G. Industries Bhd (BIG) has sold 75 out of the 78 residential units at its Suasana Melalin @ Kota Kinabalu development. The residential project comprises 71 units of double-storey terrace houses, six units of double storey semi-detached houses and one unit bungalow with an estimated gross development value of
KUCHING: WTK Holdings Bhd has reported a 42 per cent jump in log production volume in the July-September 2024 quarter (3Q2024) to 77,977 cubic metres (cu m) from 54,832 cu m in 3Q2023. However, the 3Q2024 production output was down by 13 per cent compared to the immediate preceding quarter
KUCHING: Sarawak Consolidated Industries Bhd (SCIB) wholly-owned subsidiary SCIB Concrete Manufacturing Sdn Bhd (SCM) has accepted Islamic banking facilities amounting to RM48 million. The loans were granted by Affin Islamic Bank Bhd. The banking facilities include Tawarruq term financing-i of RM27 million, Tawarruq cash line-i of RM8 million, Islamic composite
KUCHING: AIZO Group Bhd (formerly known as Minetech Resources Bhd) has fixed the second tranche of its private placement at RM0.122 per placement share. The issue price represents a discount of approximately RM0.013 or 9.63 per cent from the 5-day volume weighted average market price (VWAMP) of AIZO shares from
KUCHING: The United States of America (US) imports of tropical plywood from Malaysia and Vietnam have remained strong in the January-August 2024 period (8m2024). During the period under review, US recorded a 77 per cent surge in plywood shipments from Malaysia to 60,707 cubic metres (cu m) and 80 per
KUCHING: Timber enterprises sampled by Global Timber Index (GTI)-Malaysia have called for woodchips to be retained for local consumption. Malaysia has been exporting woodchips to several overseas markets over the years. In Sarawak, some 170,155 tonnes of woodchips valued at RM109.9 million (free on board value) were exported in the
KUCHING: TAS Offshore Bhd has signed 12 shipbuilding contracts worth a total of RM86.66 million with clients from Indonesia and Singapore in the 12 months to May 31, 2024 (FY2024), according to its chairman Datuk Mohammed Sepuan Anu. Eighty-five per cent of the new contracts were from Indonesia where the
KUCHING: Sarawak’s foreign exchange earnings from the monthly exports of logs and timber products have dropped substantially to RM210.4 million in August 2024 from RM274.8 million in July, or down by RM64.4 million or 23.5 per cent, mainly because there were no sales of woodchips and wood pellets for the month.