Tightness in supply has driven the export prices of hardwood plywood manufactured in Sarawak to surge between 24% and 65% over the past 12 months. Many plywood mills in the state had to scale down their production volumes in recent years due to prolonged log shortage, increase in production costs as well as weak prices for plywood products in the export market. Back In 2020, one of the major plywood producers, Jaya Tiasa Holdings Bhd, halted its loss-making plywood operation. The group has an annual production capacity ...
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