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The Malaysian timber industry aims to reach $6 billion worth of timber exports by 2025
Posted on September 26, 2022 |
- The Malaysian Timber Industry Board (MTIB) is encouraging the use of wood in the local market via promotional campaigns in the mass media, participating in exhibitions, and organizing exhibitions such as the Wood & Lifestyle Fair.
- The Ministry of Plantation Industries and Commodities launched the new National Timber Agrocommodity Policy, with support from the National Timber Industry Strategic Plan 2021-2025.
- This is aligned with the country's aim of achieving timber exports (RM$28 billion) of $6 billion as the timber industry is facing issues related to raw material resources, manpower, shipping, production costs, and productivity.