【EVERGRN 5101 交流专区】长青纤维板

Mr.Business

木材业者的消息。

29-08-2007: Eksons net profit rises 75.8% in 1Q

KUALA LUMPUR: Eksons Corp Bhd’s net profit rose 75.8% to RM13.7 million in the first quarter ended June 30, 2007 from RM7.8 million a year earlier, driven by higher plywood prices and sales volume.

Revenue stood at RM114 million, up 27.6% from RM89 million, while earnings per share rose to 8.33 sen from 4.74 sen.

In a statement yesterday, the company said sales from its Middle East and North Africa markets compensated for slower take-up from the US market, a concern it faced following the slowdown in housing starts in the US.

Additionally, executive director Tang Seng Fatt said “Eksons’ thin plywood, which is mainly used for interior furnishing, has seen demand creeping back from the US in the months preceding the first quarter.”

For financial year 2008, the company expects a profit boost from significant savings in power generation costs in Tawau and from a 20% capacity expansion at its mill there.

“We have also invested in new equipment, which is expected to enhance production efficiency and maintain production costs at competitive levels,” Tang added.

http://www.theedgedaily.com/cms/ ... a-198c6f30-fe3a2424

Mr.Business

Evergreen于23/08/2007买下这RM2公司 (Evergreen Adhesive & Chemicals Sdn Bhd)，相信很快会再有消息，可能跟她的glue厂有关。

http://announcements.bursamalays ... 34158E?OpenDocument

Mr.Business

原帖由 kok1984 于 28-8-2007 06:43 PM 发表
medium density fibreboard (MDF)
什么是medium density fibreboard (MDF)
他的成分是什么呢？

Guthrie MDF的MDF制作过程。
http://guthriemdf.com/prod.htm

Raw Material
Rubberwood or Hevea Brasilliensis is the master ingredient for MDF manufacturing which is harvested from Guthrie's rubber plantations. The branches and smaller trunks are utilised for MDF fiber production. Before MDF appeared on the scene, these rubber wood residue were traditionally burnt before re-planting.




Debarking
At this stage raw logs are fed into the debarker that strips the bark off the logs. With its huge diameter and extra-long carriage length, the debarker is able to remove almost every trace of bark from the raw logs, thus eliminating a lot of rubber latex as well (since latex is just beneath the bark). The debarked rubber wood logs are sent to the chipper to be chipped to required sizes.






Chip Screening, Washing and Refining
The chips are first screened and washed before put into use. At this stage, oversized chips, undesired grit, metal and other foreign
particles are removed. This is to ensure that the end product is end-user-friendly. Removal of unwanted materials also helps to minimize
wear and tear on the tool thereby extending tool life-span and saving money for the end user.
After the screening and washing process, the chips are sent to the Defibrator to be refined into fiber. Carefully formulated resin is mixed with the fiber, immediately after the refiner.
The mixture is taken through the Dryer. During this process, the mixture is subjected to carefully controlled blasts of hot air in order to obtain the required moisture content.


Chip Screening & Washing


Dryer Cyclone


Fiber Classification
The classified fiber then goes to the Pendistor. At this stage the classified fiber passed through specially designed zig-zag outlets that distribute the fiber evenly to form a 3-layered mat. This unique and innovative process ensure the mat has uniform weight distribution and consistent density. This machine almost always produces boards with fine and consistent surface.


Flak Z-Sifter


Flak 3-head Pendistor
   

Forming / Pre-Pressing
The multi-layered mat passed through the Pre-compressor which squeezes out trapped air, after which the mat passed through a metal detector which can detect for removal all traces of metals.


Pre-Press


Pressing
Freed of all traces of metal, the mat is pressed into boards to the desired thickness on a Kusters Continuous Press. The high temperature that accompanies this process also cures the resin. The continuous board is cut to master panel size.


Kusters Continuous
Press


Finishing
Immediately after cutting, the boards go through a quality check, consisting of a Blow Detector, a thickness detector and weighing bridge. Only boards of the required standard and specifications are accepted. Those that fail to meet those stringent standards are instantly rejected. Accepted boards are cooled on the Cooling Wheel.


GreCon Blow Detector

Cooling


Intermediate Storage
The boards are placed in the intermediate storage prior to cutting into finished sizes.The Lukki storage system is fully automatic and computerised for easy selection of stock and has capacity to store boards for conditioning and curing for up to 10 days.


Lukki Intermediate
Storage

Sanding and Storage
The next stage consists of sanding to the final thickness, followed by sizing. Finally the finished packed boards are sent for warehousing waiting to be shipped out.


Steinemann Sander

Cut-to-Size

Mr.Business

Guthrie于22/02/2007以RM175 million的价钱将Guthrie MDF卖给Dongwha GH International Sdn Bhd。

The disposal is expected to be completed by 30 June 2007 upon completion of the conditions precedent, including approval of regulatory authorities.

a) Dongwha GH International Sdn Bhd (Company No. 617880-D) ("DGI";) is incorporated in Malaysia under the Companies Act, 1965 as a private limited company with registered office at Lot 3726 & 3728 Nilai Industrial Estate, Mukim Setul, Daerah Seremban, 71800 Nilai, Negeri Sembilan, Malaysia.

b) Dongwha Holding Co. Ltd, a company incorporated in Korea, owns 70% of the shares in DGI and the remaining 30% of the share owned by Golden Hope Plantations Berhad, a public listed company.

c) As at 22 February, 2007, DGI 100% owns three subsidiaries namely Dongwha Fibreboard Sdn Bhd ("DFB";), Dongwha Parquet Sdn Bhd, and Dongwha Furniture International Sdn Bhd. DFB is designated by DGI to purchase the Land in which GMDF office, plant and machineries are currently located.

Guthrie卖出Guthrie MDF的理由：
The Proposed Divestment is in line with the objective of KGB to dispose non-core assets and reduce its gearing level. The Proposed Divestment also represent an opportunity for KGB to realize its investment in GMDF at a fair price. Thereafter, KGB can devote more of its resources on its core business particularly the expansion of its plantation business and property development of its strategically located land banks.
The cost of investment by KGB and GWI in GMDF is RM110.0 million.

http://announcements.bursamalays ... 385BF1?OpenDocument

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Guthrie MDF Sdn Bhd is situated in Kulim, Kedah, which is about 50 kilometers from Penang,and is strategically served by the North-South Expressway and East - West highway to facilitate speedier deliveries.

Guthrie MDF began production in 1996. Set on 47 hectares near Guthrie's plantation, it is one of the largest Medium Density Fibreboard plants in Malaysia, capable of producing 130,000 cubic meters annually. The line manufactures boards
of varying thickness between 3.0 - 25mm. The total investment of the manufacturing facilities amounted to US$60 million.

The base raw material for the plant come from old rubber trees which is a renewable resource. The plant is ideally situated in Kedah which together with neighbouring states of Perak and Perlis has about 400,000 hectares or 20% of the rubber hectarage in Malaysia.

In 1998, GMDF ventured into value added processing of their MDF to produce direct printed MDF. This line caters for MDF with thickness of 3.0 - 25mm and maximum width of 1220mm. The printing and painting capacity of this line is about 9,000,000m² annually. In reinforcing our commitment to protect the ecology, waterbased lacquers, UV lacquers and waterbased inks are used on the product.

http://guthriemdf.com/cfile.htm

[ 本帖最后由 Mr.Business 于 30-8-2007 01:06 PM 编辑 ]

Mr.Business

Guthrie的2005年报关于Guthrie MDF的资料：
Guthrie MDF (GMDF) turned in a commendable performance in 2005, contributing an operating profit of RM7.9 million to the Group. The Company achieved record high performance in three categories: production volume (131,910 m3), sales volume (127,236 m3) and sales turnover (RM98 million). GMDF continued to face constraints in raw material supply, rubberwood branches which are depleting and getting more expensive.

During the year, GMDF commenced the production of hardwood MDF (medium density fibre-board) using hardwood slabs and
chips from sawmills. A Total Productive Maintenance (TPM) programme to improve plant efficiency was implemented during
the year. GMDF also continued its export market expansion by placing more products in Syria, Middle East, Pakistan and
Vietnam. Market development was also undertaken to promote hardwood MDF in Sri Lanka and India.

Mr.Business

Dongwha在2003年吃下位于Nilai的Golden Hope Fibreboard (工厂产量130000 cubic meter);
2006年吃掉位于Merbok, Kedah的Merbok MDF(工厂产量250000 cubic meter);
2007年吃掉位于Kulim, Kedah的Guthrie MDF(工厂产量130000 cubic meter);
公司的总产量达到510000 cubic meter。


还查不到为何Merbok MDF会做不下去。

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Malaysian firm eyes India via Colombo
A Malaysian company is planning to make inroads in the Indian market via Sri Lanka - courtesy the Free Trade Agreement between the two South Asian neighbours!.

Malaysia's Merbok Hilier Berhad (MHB), Asia's biggest manufacturer of medium density fibre commonly known as the MDF, is setting up a US$20 million factory in Sri Lanka with an eye on the Indian market, a state agency announced last week.

The Board of Investment (BOI) said the investment would make the Malaysian firm the largest company in the country in the wood sector, once it takes off.

The Merbok group has two plants in Malaysia with a total annual turnover of US$ 100 million and 800 employees. The company pioneered the world's first production of rubberwood MDF in 1989, soon finding an export market and then expanding exports.

Merbok currently exports to 40 countries including Sri Lanka. The BOI statement said that Merbok's production facility in Sri Lanka would primarily be for export with access to the Indian market, through mainly a recent Sri Lanka-India free trade agreement.

Under the deal, the Malaysian investor can export to the Indian market via Sri Lanka at nil import duty rates.

"The company plans to further capitalise on Sri Lanka's strategic location and logistical infrastructure, to expand its market presence in South Asia," the BOI said.

It said Merbok will also focus on the Sri Lankan market and its demand. Sri Lanka is a big importer of MDF wood which is now widely used by furniture manufacturers in the country.

http://sundaytimes.lk/010128/bus2.html

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Sunday, January 07, 2007
COPE probes BOI agreement with Merbok
The Parliamentary Committee on Public Enterprises (COPE) is probing the agreement between the Board of Investment (BOI) and Merbok MDF Lanka Pvt Ltd which was the subject of much discussion last year.
The Sunday Times FT learns that several officials involved in the controversial investment deal which gave the Malaysian timber products factory amazing concessions have been summoned by a COPE subcommittee.COPE’s involvement in the issue came as a result of a reference made in the Auditor General’s report on the BOI agreement.
The company based at Horana was given special concessions by the BOI.The problems began when the BOI refused to provide services as a result of the company’s non payment of Rs 54 million which they owe to the BOI on account of ground rent, water rent and bungalow rent arrears. Thecompany obtained an enjoining order against the BOI’s decision to suspend all its services to the company.
The International Chamber of Commerce Arbitration Court has also been called in as an arbitrator. Written submissions in that case are due on January 27.

http://lakdiva.org/suntimes/070107/FinancialTimes/ft303.html

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12/01/2007
BOI had entered into an agreement with a Company called Merbok MDF Lanka (Pvt.) Ltd., by giving unprecedented and extraordinary concessions to reimburse tariff increases by the CEB and also undertaking to reimburse the imposition of any custom duty by the Indian Government out of the public funds. Former Chairman Mr. Thilan Wijesinghe who had signed an agreement was examined in detail and he could not give any reasonable explanation to the Committee. He also conceded to Merbok MDF Lanka (Pvt) Ltd., is the only Company who had received such concessions from the BOI throughout the whole period. Now the Merbok MDF Lanka (Pvt.) Ltd., had claimed Rs. 179,831,721 millions up to November 2004 and the interest from the BOI. The Committee directed the Secretary to hold an inquiry and to report to the Committee as to whether the BOI had acted within their purview. If not to make appropriate recommendation to take actions against those who are responsible for causing loss to the Government. It was transpired that the said Company has exceeded their authority in the manufacture and thereby the plantation in the country is greatly destroyed.

http://www.parliament.lk/document/ViewDocument.do?strFileName=COMDOC1019_COPE_Report1.pdf

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http://www.dailymirror.lk/2007/08/10/news/09.asp

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[ 本帖最后由 Mr.Business 于 30-8-2007 09:47 PM 编辑 ]

Edward

我從evergrn ipo時就成為股東至今 一直都有在關注
但仍從各位的分享中得到很多資訊 感恩

我這裡提出一點看法
evergreen網站上有列出每月的mdf價格 (目前更新至八月份 很快九月份就會更新) 從這mdf的售價大約可以知道季報的成績

例如第二季 四五六月的售價都在高點 基本上可以期待
雖然如此 在八月初一波跌潮中 我還是被搞得心惊膽跳
當然我也偷偷地加碼少少

另外 我也覺得它會是一隻千里馬 上昇中的成長股

Edward

原帖由 os 于 29-8-2007 10:27 PM 发表
总结 1：
虽然是中游份子，却是同行中的表表者。

总结 2：
外资开赌，买定离手，愿赌服输。

OS兄的總結裡頭有外資的出現...
想請教前輩如何看出有外資的參與
我檢查過它的股權 大部份在經營者手上 另一部分是本地基金
看不出來有外資興風做浪

啊 是從DBS的報告嗎?

Mr.Business

原帖由 origen 于 29-8-2007 10:29 PM 发表
。。。
我这一行来源是最苦恼，但MDF的来源很广泛，也很灵活。（许多的原料可以用）加上这事（最具有吸引力）
＂它的以聯營方式開發雪州一塊1萬2177英畝的森林保留地。＂
我少少的了解－２００英亩的森林（有丰富树木的），大约的可以从balak产量中赚一百万右左(may be more)，MDF不必用好品质的树木，所以我想大部分的好价格的树木可以直接出售，留下低劣的树木自用，这样，可以赚更多。。

The Bukit Tarek Forest Project

Schrader Forest Management Sdn Bhd is located 50 km north of Kuala Lumpur, 70 km north of Port Kelang port facilities, It have 5000 Hectare mixed forest, 60 years land lease with the Perbadanan Kemajuan Pertanian Selangor.

Schrader Forest Management Sdn. Bhd. (SFM) is an affiliate company of Rudolf Schrader Baumschulen GmbH & Co KG, located in Kölln-Reisieck, about 25 km tot eh north-west of the city of Hamburg, Germany. The core business area of Rudolf Schrader Baumschulen (founded in 1901) is the production of tree seedlings for forestry, gardening and landscaping. Throughout each year, a total of about 50 million seedlings are produced and sold to hundreds of clients all over Europe.

In view of the alarming rate of reduction of forest cover in Southeast Asia, Schrader developed an interest to contribute to the rehabilitation and regeneration of forests in Malaysia. Operations here started in 1997 with the establishment of Schrader Forest Nursery (M) Sdn. Bhd. in Lembah Beringin, Malaysia. The objective of this company was to provide forest seedlings to the public and private forest sector involved in the reforestation of Malaysia’s forests.

In the year 2001, the company established Schrader Forest Management Sdn. Bhd., a Malaysian registered company operating its own forest plantation area under a 60-year lease agreement with the Selangor State Government, through Perbadanan Kemajuan Pertanian Selangor (PKPS, Selangor Agricultural Development Corporation).

http://schrader.com.my/aboutus.htm

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MANAGEMENT OF OUR FOREST PLANTATION

Sustainable Forest Management
In its continuous efforts to manage the forest area in an environmentally friendly, socially acceptable and economically viable manner Schrader Forest Management Sdn. Bhd. will progressively apply the concept of Sustainable Forest Management. It is hoped that third party recognition as a well-managed forest can be achieved in due course, through forest certification by internationally acknowledged certification schemes, such as the Forest Stewardship Council (FSC), and/or the Malaysian Timber Certification Scheme (MTCC).

The plantation area
The forest plantation comprises a total area of about 5,000 ha. The forest stands mainly consist of about 3,000 ha of matured stands of Acacia mangium, and some natural forests of about 400 ha. The remaining areas are either unstocked at present, or excluded from timber production, such as conservation and protection areas.

Timber harvesting, reforestation and natural regeneration/
All Acacia mangium stands will be harvested during the next 4-5 years.
Any harvested and unstocked areas are now progressively being reforested with indigenous timber species of proven high market value, including species of the Meranti group (Dipterocarpaceae), Kapur (Dryobalanops aromatica), Sentang (Azadirachta excelsa), Toona (Toona sinensis), Pulai (Alstonia scholaris and A. angustiloba), Balau (Hopea odorata), Chengal (Neobalanocarpus heimii), Batai (Paraserianthes falcataria), and many more.

In some areas, the natural regeneration of the harvested Acacia mangium stands is used to establish a second crop of higher commercial value. To date, about 800 ha of plantation forest have been replanted, respectively regenerated with the above mentioned timber species.

SFM has also established some 20 ha with a medicinal plant mainly used in the local market: Mengkudu (Morinda citrifolia), a shrub producing fruits for health products.

Production objective and rotation period
The production objective determined for all these planted species is to deliver high quality saw logs of at least 30 cm in diameter.

Out target rotation periods depend on the site conditions and growth dynamics of the planted species. In general rotations of 10-12 years are planned for fast growing species, 15-20 years for medium growing species, and 25-30 years for slower growing species.

Forest products, sales and marketing
The forest products (only Acacia mangium at present) are either sold as logs (Grades A, B, and C), or processed into fresh sawn, air-dry or kiln-dried timber and sawn timber and sold to the local and overseas markets. For further details, refer to “Our forest products”. In a few years’ time, first commercial thinning products of planted timber species can be offered for sale.

Beyond our timber products, the fruits of the Mengkudu medicinal plant are sold to a local food processor. The fruits are dried and further processed into a variety of health products (juice, mixed with coffee and tea, toothpaste, and others).

In order to fully benefit from the opportunities of the global timber market, SFM will seek the membership in the Malaysian Forest and Trade Network (MFTN) as part of the Global Forest and Trade Network (GFTN) established by the World Wide Fund for Nature (WWF). These organisations promote and support their members in establishing long-term trade relationships between global producers, traders, and buyers of forest products, originating from responsibly and well-managed forests.

Funding of forest operations
The whole forest operations are financed by an environmental investment fund scheme of German investors, called “Tropenwald_1”. This investment fund is managed by Schrader Umweltmanagement AG, Kölln-Reisiek, Germany.

Following the path of this first promising forestry project supported by innovative funding mechanisms the Schrader Group is encouraged to identify additional areas for sustainable forest management in Southeast Asia.

http://www.schrader.com.my/forestmanagement.htm

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Our Forest products

Schrader Forest Management Sdn. Bhd. offers the following products from its matured Acacia mangium stands.

1.      Round logs under bark, with a range of between 10 and 35 cm in mid diameter Log grades offered include Grade A for high-end uses (e.g. furniture, parquet flooring), Grade B for standard industrial products (e.g. pallet production, container flooring), and Grade C for industrial mass products (e.g., medium density fibreboard, wood chips, pulp and paper).

2.      Fresh sawn timber

3.      Air-dried sawn timber (max. 30% moisture contents)

4.      Kiln-dried sawn timber (10-12 % moisture contents)

For sawn timber, the standard sizes offered are 1 x 2”, 1 x 3”, and 1 x 4”. The standard lengths range from 2’ to 6’ (7’).

http://schrader.com.my/products.htm

origen

哈，生意兄弟，这…你也去找，谢谢了。。
如果全部都是natural forest 就发了，不过，４００ha 的natural forest 也应该有千万可赚。。
meranti，kapur 很值钱，Chengal 是最名贵，木材里的黄金！
不过，这些就要等到下一代才可享有。。

Mr.Business

我的功课。

Evergreen这几年可扩展收购都是很成功的。

March 2004
Evergreen与MP Particle Board Co Ltd (泰国的United Farmer & Industry Co Ltd的属下单位) 合作，买下亏损的STA集团 (SRI TRANG AGRO INDUSTRY)的fiberboard业务 (也就是后来的Siam Fibreboard)。Evergreen很聪明的选择与当地国家的公司合做joint venture，以便能轻易的打入市场。Siam Fibreboard的好业绩证明Evergreen的策略是成功的。


04/05/2005
Evergreen宣布入股泰国的Dynea Krabi (主要业务是manufacture and trade panel board resins, impregnated papers and industrial resins)。Dynea Krabi的大股东是Finland的Dynea Chemicals (有51％的股份) 。

而Evergreen持有25％的股份，投资额是RM4,125,000。Evergreen表示投资Dynea Krabi的目的: To ensure continuous supply of glue and cost saving on purchase price of glue for its manufacturing operations in Thailand。

Dynea Krabi有两个生产基地。One at Krabi and one at Hatyai, with a combined glue capacity of 150,000mt per year and formalin producing capacity of 100,000mt per year.

Total number of employee is about 56 with 20 in the Krabi site & 36 in Hatyai site. The Hatyai site has the capacity of producing both formalin & glue resin whereas the Krabi site has no formalin capacity & producing glue resin out of concentrated resin supply by the Hatyai plant. This plant is built adjacent to the Siam Fibreboard Co.,Ltd. Glue is supplied to Siam Fibreboard through pipeline connection & Siam Fibreboard is now getting the whole of it glue supply through this plant.




31/10/2006
Evergreen宣布以RM107 million的价钱向亏损的Merbok Hilir集团买下位于Permas Jaya的Takeuchi MDF。Takeuchi MDF的年产量是100000 cubic meter，生产Evergreen所没有的Extra Thin MDF。
The Proposed Acquisition will allow EFB to broaden its product range and further expand its business to include the manufacture and sale of "extra thin" MDF. These "extra thin" MDF with a thickness of between 2.2mm to 4.0mm use a different raw material i.e. acacia and mixed tropical wood instead of rubber wood, which are higher moisture resistant, contributing to a better strength and is ideal as a substitute for plywood. The plant and machinery of TMDF is also able to manufacture the "extra thin" MDF that have a low formaldehyde emission for the Japan market.

These "extra thin" MDF (with low formaldehyde emission and direct melamine laminate) are of higher quality and commands a higher profit margin for Japan Market as well as certain Middle Eastern countries respectively where TMDF has established an export market and customer base. As such, the Proposed Acquisition would provide EFB with immediate access into these countries.

The production plant of TMDF with a designed capacity of 100,000 cubic metres of MDF will increase the production capacity of MDF in EFB Group by approximately 17% to 700,000 cubic metres commencing in the year 2007. The Proposed Acquisition would also provide EFB with a faster route to venture into the production and marketing of "extra thin" MDF.

TMDF has a source for supply of logs and wood chips from an 86,000 acres of plantation where TMDF has secured logs and wood chips supply contracts with a remaining period of 6 years up to 2012 and as such, with the acquisition of the business of TMDF, EFB is able to secure long term contracts for the supply of logs and wood chips as well as the supply of resin and glue at competitive prices.

PS: Evergreen的两兄弟老板特别提起这期限到2012年的logs and wood chips supply contracts，因为这合约是fixed price的，相信对Evergreen Fiberboard (JB) Sdn Bhd (Takeuchi MDF现在的名称)的成本减低很有帮助。

PS: Evergreen于20/12/2006完成收购。


13/02/2007
Evergreen宣布以RM13.7 million的价钱买下泰国的GRE Energy。
Principal activity of GRE is Cogeneration of Electricity for an approved capacity of 9.6 megawatts of electricity and 20 tons of Steam at 13 bar using biomass from plantation wood waste, sawmill, Medium Density Fibreboard and Particle Board waste for heat energy required for the production of Medium Density Fibreboard. Necessary approvals needed from the government authorities has been obtained for GRE including the plant which is located on a 9.2 acres land adjacent to EFB's subsidiary - Siam Fibreboard Co. Ltd. located in Hat Yai, Thailand.

The total cost of this project is estimated to be BAHT 400 Million upon its completion by end of 2007 whereby the sale of electricity and steam generated shall commence in January 2008.

Evergreen表示买下GRE Energy的目的:
As electricity is integral to EFB Group's production, continuous quality electricity supply is inevitable as to achieve maximum productivity. Furthermore, with escalating cost of electricity in Thailand, generating own supply of electricity will be an advantage for a higher cost reduction.

As an integrated business activity which is promoted by the Board of Investment in Thailand, GRE was granted tax exemption for eight (8) years ending in 2014. This tax exemption will definitely benefit the Group in terms of its profit margin.


Evergreen's New Power Plant: GRE ENergy Co.Ltd


16/03/2007
Evergreen宣布与印尼的PT Hutrindo Jaya Fibreboard Mfg. Co和PT Uforin Prajen Adhesive Industry合作开设公司，以买下这两位合作伙伴的制造MDF和resin的业务。新公司的名称是PT Hijau Lestari Raya (Evergreen拥有51％的股份)。

PT Hutrindo Jaya Fibreboard Mfg. Co is a pioneer in MDF industry in Indonesia with total capacity of approximately 110,000 m3 per year whilst the capacity of resin plant, PT Uforin Prajen Adhesive Industry, is approximately 50,000 tons per year.

PS: Hutrindo Jaya现在的主要业务并不是制造MDF，而且她的MDF工厂也停工两年了。

PS: 03/08/2007, Evergreen宣布收购价格是RM72,450,000，因为Evergreen拥有PT Hijau Lestari Raya的51％的股份，所以Evergreen承担的价格部分将是RM36,949,500。


07/06/2007
Evergreen宣佈与德國Schrader GMBH合作，在雪蘭莪州開發森林。

該公司先與Schrader GMBH簽署諒解備忘錄，收購Schrader森林管理的10萬股股票，然後進一步簽署買賣合約、聯營合約或管理合約，以聯營方式開發雪州一塊1萬2177英畝的森林保留地。


15/06/2007
Evergreen宣佈以RM100000的价钱买下泰国的ECO Generation Co. Ltd
ECO Generation was approved for the purpose of Generating and Selling 4.8 megawatts of electricity and 20 tons of Steam at 13 bar for Medium Density Fibreboard heat energy requirement. Necessary approval needed from the government authorities has been obtained for the company including the plant which will be located adjacent to Evergreen's subsidiary (Siam Fibreboard Co. Ltd.) in Haadyai, Thailand.

Electricity which is being generated by ECO Generation Co., Ltd. is mainly for the supplying our 3rd MDF Line under our subsidiary, Siam Fibreboard Co. Ltd. that is expected to commence production in the 3rd quarter of 2008. As electricity is integral to the production, continuous quality electricity supply is inevitable as to achieve maximum productivity with a controlled cost.

With approval on cooperate tax exemption for 8 (eight) years ending in 2015 granted by the Board of Investment in Thailand, this acquisition will definitely benefit the Group in terms of its shareholder's fund.

PS: 此发电工程预计将于2008首半年完成。


22/06/2007
Evergreen Hevea Resources Sdn. Bhd. ("EHSB";) has entered into Novation cum Assignment Agreement with Koperasi Serbaguna Peneroka Felda Palong 7 Berhad ("KSP";) whereby EHSB assumes all of the rights, interests, obligations and benefits of KSP arising under or pursuant to the harvest and extraction of rubber trees in the location known as Felda Palong 7 Peringkat 21G, Gemas, Negeri Sembilan approximately 273.844 hectares for a sum of RM5,065,994.91.

RATIONALE
This agreement will be able to secure a consistent supply of raw material at a stable price which will enable the Group's operation in Malaysia, to achieve maximum productivity at a manageable cost especially during monsoon season.


22/06/2007
Evergreen Hevea Resources Sdn. Bhd. ("EHSB";) has entered into Novation cum Assignment Agreement with Benefit Circle Sdn. Bhd.("BCSB";) whereby EHSB assumes all of the rights, interests, obligations and benefits of BCSB arising under or pursuant to the harvest and extraction of rubber trees in the location known as Felda Palong 7 Peringkat 21B, Gemas, Negeri Sembilan approximately 366.668 hectares for a sum of RM6,636,690.80.

RATIONALE
This agreement will be able to secure a consistent supply of raw material at a stable price which will enable the Group's operation in Malaysia, to achieve maximum producitivity at a manageable cost especially during monsoon season.


23/08/2007
Evergreen宣布以RM36.3 million的价钱买下Siam Fibreboard其余25%的股份。

Mr.Business

http://www.apmea.com/boardtalk/bt_v5_dec03_2.jpg

老散一名

原帖由 Edward 于 30-8-2007 01:54 PM 发表
我從evergrn ipo時就成為股東至今 一直都有在關注
但仍從各位的分享中得到很多資訊 感恩

**********************************************
總幹事 之 名言

買點是等出來的、利潤是抱出來的、賣點是捨出來的
股市新手怕價格的套牢與殺戮，而老手更怕量的套牢
俗語說：「新手死高點、老手死反彈、高手死摸底」

哈哈，edward 前輩。
你的名言我喜歡極了，但我老散還是有不明之處。
紅色字的，還望多多指教。

Mr.Business

一篇很长的专题报道。

New mill plans show exceptional growth
28 August 2007

In the second part of our survey, John Wadsworth analyses the world situation for MDF outside Europe and North America

For most of the MDF World, 2006 was an unremarkable year, with just 1.56 million m3 added to world capacity, representing growth of 3.4% over 2005. Those readers whose memories stretch back to our 2006 MDF survey (of the 2005 situation) might recall the prediction that capacity would grow by 2.1 million m3,or 4.5%.

However, the changes by region, especially in China, reveal more dramatic events. The ‘rest of the world’ only contributed 44% of growth (697,000m3) when it had been expected to account for 80%.

This loss of contribution came about through unusual events in China, compared with more normal and predicted developments in South East and North East Asia, South America and other parts of the world.

It has been shown before that the ‘old world’, or North America and Europe, lost their predominant position a few years ago, being reduced to 43.7% in 2005. In 2006 this ‘old world’ improved its share to 44.1%.

This year’s WBPI World MDF capacity survey shows that 2006, although exhibiting slower rates of growth than predicted, represents only a brief interval before renewed dynamism in new mill building. Indeed, some of the strong growth rates ahead look back to levels previously only achieved in the 1980s.

The detailed results of the 2007 survey can be examined in the rest of the article, where the mill listings have undergone extensive changes based on the data received from the numerous companies which contribute information and commentaries on the surveys.

The editor of WBPI and the author of this report both take this opportunity to extend their gratitude and appreciation to the many mill operators, equipment suppliers, association executives, engineers and other individuals for the support received every year. Please note that there are occasions when new information is provided after publication of the surveys and unfortunately no changes to the listings are feasible until the following year.

China

The mill listings for China are this year provided by group, or corporate, ownership in descending order of capacity for current and planned installations. The latter are marked in the list with an asterisk and their volume is not included in the country total.

The China listing deals with multiple or large single line ownership first, whatever their location, and the balance of small lines are shown by province. The list as published shows few new installations for 2006 but the overall list, including those planned beyond 2006, can be seen to have grown considerably.

It is as well to begin with China because of the comments made previously.

There was a levelling-off in new orders for start-up in 2005 and 2006 but almost as important was the back-log in engineering and installation in new mills supplied by domestic or European equipment manufacturers.

During the 2007 survey a number of lines previously included were identified as being postponed and perhaps cancelled. There are at least seven of these, amounting to over 550,000m3. Most were expected to be on-stream during 2005 but their aggregate total has been deducted from the 2005 figure reported last year, reducing it to 14.22 million m3 (as against 14.75 million m3).

This has an obvious knock-on effect for the end-December 2006 total.

Additionally, there were some modifications to reported capacities and slippage in the installation of new plants. It is not certain quite how many new lines came on-stream during 2006 – probably less than the nine predicted last year. The net effect was to reduce the 2006 aggregate Chinese capacity to 14.375 million m3 instead of the 15.52 million m3 shown in last year’s survey and representing only a nominal increase over 2005.

This, in itself, suggests an increasing anomaly with some other quasi-official data of Chinese MDF capacity and production. These data tend to be higher than shown here.

The author believes some of these other sources incorporate all fibreboard – wet or dry process, low or high density.

The author will also admit that it is possible the listings omit some mills. However, the larger mills with European equipment are well documented in published reference lists. Many more mills are installed by Chinese equipment suppliers whose information is constant year-on-year (thus the aggregate capacity might be lower than reality but changes over time ought to be more reliable).

Nevertheless, the Chinese industry remains very regional and local, with small average mill sizes. The many new mills forecast for 2007/2008 average a capacity of only around 50,000m3 per annum.

There are 352 lines built or under construction, of which 189 are in multiple ownership or are large scale (over 100,000m3 per annum). This is only a small increase over the 184 reported last year and suggests many of the new lines under construction are actually for new owners.

The listing continues to show fragmented corporate ownership, although with new lines announced there have been changes in the league table.

Weihua Manufacturing, originally based in Guangdong, will become China’s first group to exceed one million m3 of MDF capacity, with several new large lines built in other provinces. Suichang Wood Industry will have the most lines (12) by 2008 and rises behind Dare Group. The latter company has ordered a fourth large-scale line for Guangdong.

Dongdun is another climber, aided by its new line in Anhui of some 250,000m3 per annum. For 2006, however, the market was adjusting to the nearly two million m3 expansion between 2004 and 2005.

There is little doubt that the equipment suppliers are struggling to complete installations and the slippage in commissioning times, coupled with new orders, will see another surge in capacity coming on stream in 2007 and 2008.

As other producers around the Asia/Pacific region (and wider afield) are well aware, the effect on Chinese © p25 ß (p17) export volumes is significant. In 2006, exports reached 1.5 million m3 and the first four months of 2007 show a 188% increase over the same period in 2006.

Imports, on the other hand, have declined each year since 2003 (1.25 million m3). In 2004 they were 812,000m3, 676,000m3 in 2005 and 566,000m3 in 2006. January to April 2007 shows a 17% decline on the same period in 2006.

If these patterns continue for the whole of 2007, then the MDF trade balance will have swung by between 2.5 million and three million m3 since 2003 – a convenient explanation of how the capacity growth has been absorbed.

At the time of writing, a rather disturbing conclusion begins to form which is that Chinese domestic MDF consumption (in products for either internal or export markets), has not increased as rapidly as previously forecast.

Several of the new large mills report that 60-80% of their production is exported as raw board.

The concern therefore should be how will the new capacity which is predicted for 2007/2008 be utilised, particularly in the light of new mill building in other regions?

[ 本帖最后由 Mr.Business 于 31-8-2007 12:58 AM 编辑 ]

Mr.Business

Developments in other regions

The 2006 survey (of 2005) commented on the amount of acquisitions and mergers taking place in the industry. These have continued, with notable activity by Dongwha acquiring the Guthrie mill at Kulim, and the Merbok lines at Sungai, both in Malaysia. Together with its activities in Korea and New Zealand, Dongwha has become the first of several new companies outside North America and Europe to operate more than one million m3 of MDF capacity. Uniquely, they are the only company to achieve this by acquisition.

Evergreen also made acquisitions during the year, adding the Takeuchi lines in Johore Baru and PT Hutrindo in Palembang to its stable (the Indonesian mill was removed from the listings in 2004 but will be resurrected with a new line in 2007).

It is noted that PTP China, sold to CHH in 2004, has been sold again to private equity investor CVC Capital.

Elsewhere in South East Asia no new lines came on stream in 2006 but Vanachai and Siam Fibreboard report their mills coming to full capacity and adding 153,000m3 to the total for Thailand.

Indonesia and Malaysia reported only small adjustments to existing capacities. There is no sign of the several new mills announced for Vietnam a few years ago and contacts suggest that availability of funds is the main issue.

South America was relatively quiet during 2006 but Fibraplac reported the completion of its Glorinha mill with an additional 240,000m3. There will be much more about South America in the section on Future Trends.

North East Asia was also quiet during this time in terms of little change to aggregate capacity. However, individual mill capacities have been modified with the closure of Taesung in Korea.

The Australian/New Zealand industries have had an eventful year. Apart from the aforementioned acquisitions and sales, CHH closed its Tasmanian plant and the Taupo plant of Laminex was shut by fire at the end of the year. That plant will not be re-opened. Both mills are shown in the 2006 listing but their combined 365,000m3 per year capacity is removed from the 2007 aggregate.

There are some small downward adjustments to other mills and the net effect on regional capacity would be part of the fall-out from the expansion in China and South East Asia.

In the ‘rest of the world’ countries, the new mill in Iran is noted, as is the start of the expansion at Al Noor Sugar Mills in Pakistan. The Merbok mill in Sri Lanka is unaffected by the other Merbok sales (except the improving golf-handicap of the previous senior executives/owners, by their own admission!).

Future Trends

The ‘Summary of new capacity’ table (p16) shows the changes to the listings expected by country and mill at the time of writing.

The survey confirms a considerable revival in new mill building for the 2007-2009 period which will represent the greatest surge in activity for decades and possibly for the history of the industry. At least 83 new mills worldwide are on order or under construction, accounting for around 13 million m3 of new capacity. Four million m3 of this, as shown in the table, will be found in Europe and North America and nine million m3 in the ‘rest of the world’.

China will account for 3.7 million m3 with 42 new lines in 2007 and a further 11 lines in 2008. About two million m3 of this capacity will be found in nine large-scale lines (shown individually in the table).

South East Asia will see the new lines of Vanachai, Advance Fibreboard and Siam Fibreboard coming on stream in 2007, together with the re-opening of the renovated Evergreen mill in Palembang.

Australasia will suffer a decline (consolidation?) once the full effect of the two mill closures is felt. They will be the only region to exhibit a capacity reduction during the period. Interestingly, 668,000m3 (44%) is owned by Japanese or Korean companies and the North East Asia region is one where capacity is virtually static.

South America affords most surprises, with capacity nearly doubling from 2006 to 2009. However, 2007 begins quietly with the completion of the Arauco expansions and the commissioning of Masisa’s Cabrero plant in Chile. Then 2008 will see Berneck and Satipel add 620,000m3 to Brazil’s total and two new mills will start up.

In Chile, Group Polincay is building 150,000m3 and Uruguay will be welcomed to the list of MDF producing countries with the ex-Taesung mill rebuilt. South America also has the longest-term potential start-ups – out to 2009 with possibly six new lines. Three of these will be built by Shanghai Wood Based Panel Machinery Company (SWPM), which is also building a mill in Mexico, two in India, with a third starting up this year, and one in Pakistan. This brings their global order book to around 43 lines and there is sure to be a few more in the pipeline.

Another surprise is the 680,000m3 per annum mill for Duratex. This will be the largest single line for MDF production in the world, with a 2009 start-up date.

In the rest of the world, five mills are expected in Iran during 2007 and Shirdi Industries (SWPM) will begin in India.

During 2008, two new mills are expected in India (Bajaj Eco-Tec Products) and two more in Pakistan – Crystal Board Mills and Peshawar Particleboard Industries. Another mill is expected in Iran (Neka Choub). There is also a new mill rumoured for Nigeria, but perhaps not before 2009.

The impact of these new mills will be to see world capacity growth of 12.3% in 2007 and 7.8% in 2008. Preliminary information from Europe and South America alone suggests further growth of 3.8% in 2009.

The growth rates for just the rest of the world are 14.1%, 8.6% and 4.8%. Aggregate capacity in these regions will pass 30 million m3 during 2007. By end-2009, global capacity could be 60 million m3.

A feature of interest to industry watchers is that apart from Dongwha, several other ‘rest of the world’ countries will join the ‘millionaire’s row’ of capacity. Masisa achieves 1.19 million m3 per annum with the opening of its Cabrero line and Paneles Arauco will hit 1.15 million m3, both in 2007. Also in 2007, Evergreen will join the ‘million club’.

In China, Weihua will achieve 1.275 million m3 by end-2008, with Dare not far behind with 960,000m3. The third South American company, Duratex, will pass the threshold in 2009.

As a counterpoint to this optimism, most mills returning the enquiry forms expected costs to rise sharply during 2007-8, ranging from 5 to 15%. Most expected price increases but few saw them covering cost increases.

Two events in June illustrated another threat to the panel industry. Both are concerned with emissions; both from the US.

The California Air Resources Board (CARB) introduced maximum levels of formaldehyde emissions from composite panels which are more stringent than anywhere else in the world. The law affects any boards manufactured or traded within California and eventually the products containing wood based panels. Industry can meet the requirements but only at extra cost.

The second event was the appeal court ruling in the US (see p5) against the industry regarding Maximum Achievable Control Technology (MACT) rules. The range of emissions is wider than just formaldehyde and the US industry has to comply by October 2007. The implication of the ruling is ‘comply or close’. While the industry can comply, technically, in most instances, it is unlikely that compliance can be achieved before October.

Both events represent a generic cost rise for MDF and particleboard on top of increasing costs of wood and resins. The threat is that wood based panels become less attractive than other materials on both cost and risk grounds in the eyes of specifiers and buyers. Legislation such as this could further impact the relative feasibility of future mill locations.

http://www.wbpionline.com/story. ... amp;storyCode=51634

kok1984

各位兄弟，我想问MDF（纤维板）到底是拿来做什么的？
是建筑材料还是做家私？

Edward

老散老兄

那是我載自台灣著名網路理財blog作家的一些名句 有興趣可以自個兒去看 (http://www.wretch.cc/blog/bonddealer)
總幹事和klse.8k都是我個人學習的老師 但他們的想法常常有衝突 總幹事的看法是較貼近市場較貼近台灣股市

我試著替你解釋 "新手死高點、老手死反彈、高手死摸底" 那是說明買入時機的問題
以波段來說 股市新手往往是在高點時介入 所以死在高點 老手就比較不會犯上簡單錯誤 但他們會急著搶反彈 在下波中段有跡象反彈就介入 所以死在反彈 高手更高明 他們不急著搶反彈 更有耐性等到低點 若他們會死就會死在自認為的低點 要知道低還有更低 甚至除牌(藝高人膽大 往往死得很難看 -- 若有死的話) 所以我列上是要提點自己千萬不要"死"

其他 我自個兒仍在參酌

[ 本帖最后由 Edward 于 1-9-2007 01:03 PM 编辑 ]

老散一名

哈哈，謝謝。
高手死摸底, 弄明白了。
但，而老手更怕量的套牢 。
我就不明了。

沒法我這老散夾老野是長氣點啦。

Mr.Business

8年的投资组合。
http://chinese4.cari.com.my/myfo ... ra=page%3D2&page=40

原帖由 Mr.Business 于 4-9-2007 07:05 PM 发表
MDF的行业比较有优势。打比方讲，之前国内的MDF生产商才10来间，之后小厂商又被吃掉，所以竞争不大。

而印尼，大马和泰国因为有大量的橡胶木，所以MDF占优势，长青有在这三个国家有工厂，很快就是 (还是已经是了)东南亚MDF生产商的老大了。

另一方面， 我相信MDF会比plywood有较好的前景。环保，sustainable, 成本较低。。。

橡胶真对我国有用，有了橡胶，过去出了Top Golve, 将来会有Evergreen。。。

原帖由 Mr.Business 于 4-9-2007 07:26 PM 发表
Evergreen现在的生产量是700000 cubic meter (国内380000cubic meter; 泰国320000 cubic meter)；
Dongwha的生产量是510000 cubic meter （工厂都在国内);
泰国的Vanachai的生产量是780000 cubic meter。
所以暂时是Vanachai第一；Evergreen第二；Dongwha第三。

其实是不是老大并不是最重要的，能降低成本，为股东赚大钱才是最重要的。

XXXXX

Monday December 18, 2006

Evergreen looks to oil palm for new source of raw material

MALAYSIAN fibreboard companies have to be innovative and creative tomaintain their leading edge in the international market. One of Asia’stop five fibreboard companies, Evergreen Fibreboard Bhd is strong inresearch and development (R&D) to keep Malaysia ahead of its rivalsand to remain among the top three exporters of fibreboards globally.Executive director Kuo Jen Chiu speaks with StarBiz journalist ZAZALIMUSA.

STARBIZ: What is Evergreen’s focus in terms of R&D?

Kuo Jen Chiu: Our team is constantly doing research works on new woodspecies which could be turned into raw materials for fibreboard making.It is important for the company or even the industry to be able to useother than the existing wood species such as rubberwood and acacia.This will not only lessen our dependency on any particular wood speciesbut also help the company to widen its range of fibreboards.

Finished fibreboard ready for export.
There are many tree species in the Malaysian jungles which could becultivated in farms dedicated to supplying wood for the industry. Whatneeds to be done is to turn the jungle species into fast-growing trees– maybe less than five years – for the industry usage rather thanwaiting for 50 years. Most plantation species can be used in fibreboardmaking and we need strong R&D activities by the industry to developsuch species.

Evergreen looks to oil palm for new source of raw material
Evergreen is currently working with the Malaysian Palm Oil Board to useoil palm as the main raw material for fibreboards. It would be nice ifthe industry could use oil palm, as the country has an abundant supplyof the trees. A worker cuts a rubber tree trunk. The cut parts will becrushed into woodchips. Until today, there is no technology that canprocess oil palm, as the species is very special, with less fibre, andit is quite
challenging to extract the fibre. Special equipment is needed to dothat and right now, there are many ongoing R&D activities on oilpalm. Hopefully, there will be a breakthrough in three to five years. Afew mills in Malaysia are already producing fibreboard using 75% and25% of rubberwood and oil palm respectively; the challenge now is touse 100% oil palm. The company does not rule out the possibility ofexporting oil palm-based fibreboards in the future and the challenge isto find the market for such product.

StarBiz: What is the prospect for the fibreboard-making industry?
Kuo: The industry’s prospect is expected to be bright in years to come,considering the upward trend of the price of fibreboard and theincrease in demand globally. The price of fibreboard has been going upalmost 20% in the past three months and the uptrend is likely tocontinue in 2007. The increase is attributed to the shortage of naturalwoods for furniture industry, which has to look at substitutes, andfibreboard is the answer.
It is also cheaper for furniture makers to use fibreboard in theirproducts instead of using woods obtained from trees growing in thejungles. Pressure from non-governmental organisations in developedcountries to boycott tropical hardwood furniture also helps to push updemand for fibreboards. The industry must work together with researchbodies in Malaysia and overseas to come out with new wood species asnew sources of raw materials. I believe that in years to come, therewill be a technology breakthrough in the industry and users worldwidecan expect new fibreboard products from Malaysia.

StarBiz: What are the challenges in the industry?
Kuo: Malaysia should maintain its competitive edge in the internationalfibreboard-making industry by controlling its production cost. Thecountry, together with Indonesia and Thailand, still enjoys lower costsdue to the constant supply of woodchips from domestic resources.Producing a substitute product for natural woods, the industry must beable to produce fibreboard at lower costs and sell them cheap.Uncertainties in fuel oil prices do not have much impact on theindustry as most fibreboard plants are already using biomass as asource of energy for production. The only impact is from the glue resinbecause its raw material is petroleum by-products and glue resin makesup about 25% of the total production cost. It will be good if thecompany can produce its own glue resin for internal consumption and atthe same time, sell them to other users. The price of glue resin islikely to go up in the coming years as demand for the product has grownsteadily in recent years. The increase in the price of industrial glueis largely attributed to the strong demand by the wood and paper-basedindustries.

http://www.biznewsdb.com/english ... rgreen%20Fibreboard

[ 本帖最后由 Mr.Business 于 5-9-2007 10:46 AM 编辑 ]

Mr.Business

8年的投资组合。
http://chinese4.cari.com.my/myforum/viewthread.php?tid=823043&extra=page%3D2&page=40

原帖由 Mr.Business 于 4-9-2007 07:38 PM 发表
我做过研究，我发现MDF是一个我国会比中国占优势的行业。因为在这行业，人工并不是最重要的条件，反而材料 (木头，wood chip)的价钱比较重要。

我国是热带国家，树木生长的比较快，中国受气候，土质的影响，占了下风。

不理中国的经济会不会过热，人民的数目还是在增加，住房的需要还是在增加，对MDF需求还是大的。

MDF的材料可从plantation wood得到，不用一定要大树干才行，树枝和小树干都可以做材料。

总有一天，各国政府将更严格管制balak，森林的开发，而MDF是代替plywood的好选择。


Fibreboard makers in for better times [ 18 Dec 06 ] The Star
THE price of fibreboards in the international market is on the uptrend, increasing almost 20% in the past three months.  
At the same time, demand for the product was also showing a positive trend, said Evergreen Fibreboard Bhd executive director Kuo Jen Chiu.
He said fibreboard manufacturers in Malaysia stood to benefit as 70% of their production was for export.
“One main factor which contributes to the trend is the ban on illegal logging activities by Indonesia,” Kuo said in an interview with StarBiz.  
Previously, the Indonesian authorities were not able to control illegal loggings partly because the penalties were not high.  
Kuo said Indonesia was now seriously tackling the issue due to constant pressures from the International Monetary Fund (IMF) and Green Peace Movement.
He said as a result, very little illegal wood was available in the market, unlike in the past.  
Kuo said that previously, there used to be 120 factories producing plywood in Indonesia and the majority did not have a licence to harvest the woods.
“Strict enforcement by the Indonesian authorities have forced half of the factories to close down,” he said.
This has resulted in the shortage of plywood to produce wood-based products, thus pushing up demand for fibreboards.
He said fibreboard was the best alternative for natural woods for the furniture industry. The latter is becoming costlier and scarcer as more forests are cleared for development.
Kuo said the number of big trees, especially tropical wood species, was dropping; hence better prospects for engineered wood panels.  
He said consumers worldwide were concerned about cutting down trees from forests for the furniture industry.
“They want to preserve the environment and at the same time need to substitute for tropical woods for furniture making,” said Kuo.
He said the best substitute was fibreboards made of tree species cultivated from plantations.  
Kuo said plantation species grew faster and were renewable, unlike natural forest trees which could take 50 to 100 years before they could be harvested.
He said Malaysia still had huge land areas for rubber trees, and with more than 1.3 million acres of standing trees, the rubberwood supply could last up to 50 years.
He said trees grew faster in the tropical climate than in temperate countries and the local fibreboard industry did not compete with furniture makers when it came to rubberwood supply.
“We use all parts of the trees which we crush into woodchips, whereas furniture makers only go for the trunks with no defects,” Kuo said.
He said Malaysia, Indonesia and Thailand still enjoyed the lowest cost for producing fibreboards in the world due to the abundant supply of raw materials.
Kuo added that China was not a threat in the fibreboard industry in the region as the production cost there was even higher that in the three countries.
He said the price of woodchips from the industry in China was high and the country had to rely on imports as the local supply could not meet the requirement.
Kuo said the main challenge for the Malaysian fibreboard industry in the future was to lower production cost.

http://evergreengroup.com.my/pop ... Cat=16&mid=1935

[ 本帖最后由 Mr.Business 于 5-9-2007 10:47 AM 编辑 ]