KUCHING: A memorandum of understanding (MOU) between Sarawak Timber Industry Development Corporation (STIDC) together with Woodsfield Glulam Manufacturing Sdn Bhd and Tilling Timber Pte Ltd was inked on Wednesday (June 22).
The MOU signing ceremony which was witnessed by Deputy Premier Datuk Amar Awang Tengah Ali Hasan will allow the parties to conduct feasibility study for a joint venture investment to develop engineered wood plant in Sarawak by utilising timber from planted forests.
Present on behalf of STIDC to sign the MOU was its manager Datuk Hashim Bojet while Woodsfield Glulam Manufacturing was represented by its managing director Eddie Ling Lee Tee and Tilling Timber by its managing director Glenn Tilling.
“The MOU is the manifestation of the state on its commitment to implement the transformation plan to promote high value-added products from planted forest material.
“It is also in line with the Post COVID-19 Development Strategy (PCDS) 2030 that aims to generate economic prosperity, social inclusivity, and environmental sustainability,” it said in a statement on Wednesday (June 22).
It disclosed that the proposed project will attract an investment of about RM120million and projected to generate annual earnings of RM78million.
Elaborating further, it said with the collaboration and investment, STIDC is going to promote the usage of engineered wood in housing and building construction in Sarawak which is in line with the state’s aspiration to promote green development, environmental sustainability, and carbon storage.
“Tilling Timber will be responsible for developing and securing market of engineered wood products while Woodsfield Glulan Manufacturing will be responsible to transfer technology on engineered wood manufacturing based on their commercial production experiences.
“With this, STIDC shall facilitate the proposed investment and material requirements,” it added.
After the signing ceremony, the Sarawakian delegates proceeded to visit Tiling Timber factory.
Also present during the ceremony were Malaysian High Commissioner to Australia Datuk Roslan Tan Sri Abdul Rahman, Consul General Melbourne Australia Marzita Marzuki, Deputy Minister of International Trade and Investment Datuk Dr Malcom Mussen Lamoh, Sarawak Economic Planning Unit director Datuk Abdullah Zaidel, Ministry of International Trade, Industry, and Investment Sarawak acting permanent secretary Dzulkornain Masron.