KUCHING: Ta Ann Holdings Bhd is working to utilise its plantation logs to produce other value-added timber products aside from plywood. Group managing director and CEO Datuk Wong Kuo Hea said Ta Ann’s timber business is going through a challenging period due mainly to rising production cost, emergence of substitute
KUCHING: WTK Holdings Bhd foresees better performance of its oil palm business with anticipated significant increase in fresh fruit bunch (FFB) production and higher output of its sole palm oil mill this year. WTK, which is one of Sarawak’s top six timber groups, expects its FFB production to rise by
KUCHING: Dayang Enterprise Holdings Bhd (Dayang), a leading oil & gas player, has recorded a sharp increase in gross margin and improved vessel utilisation rate. According to managing director Tengku Datuk Yusof Tengku Ahmad Shahruddin, the group’s gross margin has shown a vast improvement to 41 percent last year from
KUCHING: Property developer Ibraco Bhd has reduced considerably its unsold properties as its new sales strategy has boosted sales. Managing director Datuk Chew Chiaw Han said the group’s inventories had fallen to RM55.9 million in 2018 from RM87.9 million in 2017 or down by about RM32 million or 36 percent.
KUCHING: Leader Steel Holdings Bhd (LSteel) is buying a piece of industrial land in Sejingkat Industrial Park here for RM9.8 million to facilitate the group’s expansion in East Malaysia. Wholly-owned subsidiary Leader Steel Sdn Bhd (LSSB) has entered into a conditional sale and purchase agreement (SPA) with Sumbumi Sdn Bhd
KUCHING: Hock Seng Lee Bhd’s (HSL) RM333 million Miri wastewater project is progressing ahead of schedule, according to its chairman Datuk Idris Buang. With tunnelling works for the project about 45 percent completed, he said the project is targeting a mid-2021 completion. To recap, HSL was awarded the project in
KUCHING: The demand for steel water pipes is a key factor that is likely to fuel the future growth of KKB Engineering Bhd. According to KKB, the demand for steel water pipes is expected to remain firm, buoyed by on-going and upcoming projects planned under the Sarawak state water grid when
KUCHING: Malaysia retains its dominance as the top supplier of tropical plywood to Japan, which has seen intense activities in the construction sector as the latter gets ready its sports infrastructure, facilities and related amenities to host the 2020 Olympics. Japan’s plywood imports in February 2019 rose by 3% year-on-year,
KUCHING: Shipbuilder TAS Offshore Bhd anticipates higher demand for tugboats brought about by increasing demand for coal in Indonesia as fuel for its power plants. The Sibu-based company said most Asian countries, according to DBS group research, still rely on coal to power up the whole nation, and this will
KUCHING: KKB Engineering Bhd (KKB) has secured two contracts, one of which is in Sabah, with a combined value of about RM17.75 million. Subsidiary KKB Industries (Sabah) Sdn Bhd has received a purchase order from Leadshine Sdn Bhd for the supply and delivery of concrete-lined mild steel pipes. The contract
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