7123 Priceworth Wood Products

Priceworth Wood Products Berhad (PWPB) is listed on the Main Board of the Bursa Malaysia. The Company has experienced consistently improving financials, especially after the acquisition of Teras Selasih Sdn Bhd (TSSB) in November 2004 and Sinora Sdn Bhd (SSB) a few years before. TSSB has opened up another 38,550 hectares of timber concession land to the Company while Sinora adds to its line up of timber product offerings.

PWPB is committed to transparent, long-term relationships with its investors and will continue to maintain a environment of profit growth alongside responsible business development.

Dividend policy

PWPB has set an annual dividend payout policy of 3% per annum on each ordinary share.

The Company’s primary business includes the manufacturing and sale of processed wood products, timber extraction, distribution and trading, wood processing services and rental of kiln dry machines. Recently PWPB has also diversified into construction and land development.

PWPB’s products include: -
#Sawn timber
#Bare core board
#Fingerjoints
#Moulded timber
#Wooden doors and window frames
#Plywood, veneer and blockboard

International Markets
PWPB has undertaken negotiations to acquire concessions abroad in a bid to entrench its position in the international arena. Currently, the Company’s sales are mainly generated by Japan, China and South Korea with the former two being the main markets and accounting for a major portion of its turnover.

PWPB also exports to Taiwan, Singapore, Thailand and Philippines. As a result of recent acquisitions, an expanded clientele in South Korea, Taiwan, China, Japan as well as new cross-selling opportunities have since emerged. The Company has also initiated inroads into other parts of the world including Europe and the US.