Tuesday, 08 Sep 2020 07:58 PM MYTThe new factory and R&D centre is part of a public private arrangement with the local Jingzhou government on a 70:30 basis, and was built at a total investment cost of RM121 million. — Picture courtesy of Kanger International
The company, listed on the ACE Market of Bursa Malaysia Securities Berhad, has been in the bamboo processing business the last 16 years. Kanger’s executive director Steven Kuah Choon Ching said, “Armed with the support from our strategic partner, the local government of Jingzhou, we are in a strong position to significantly upscale our bamboo processing business to become one of the world’s largest integrated bamboo producers in the world with both upstream and downstream capabilities.
“The ready-to-harvest raw bamboo surrounding the plant will serve as a steady source of raw material supply in the production of bamboo products and acts as the key factor in the upscaling of our own bamboo products segment. By being less reliant on external supply sources in producing bamboo products, this would prevent us from facing problems such as supply shortages and sudden price hikes which could have material effects on the cost of raw material and our profitability.
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