KUALA LUMPUR: IRM GROUP BHD []'s (IRM) unit has entered into an agreement with Perak State Development Corporation (SDC) for a joint business collaboration for a bamboo concession in the state of Perak.
IRM said on Thursday, March 24 that the its wholly owned unit IRM Composite Sdn Bhd (ICSB) (formerly known as Betterscope Sdn Bhd) had inked the agreement with the Perak SDC.
Under the agreement, ICSB will undertake all the logging, extraction, cutting to size, and transportation of all the bamboo in the said concession, as well replant bamboo to ensure a sustainable source of bamboo supply from the said concession.
IRM said the concession was 15,000ha located in Grik, and that the location was easily accessible from the Kuala Kangsar/Grik highway.
It said the commercial terms of the agreement had not been finalised, adding that it would be done after a survey and census of the said bamboo concession was completed.
'The survey is required to establish the bamboo stand, volume and the terrain to establish logistics and replanting feasibility and requirements.
'From such information the parties will establish the commercial terms for the mutual benefit of both parties,' it said.
The company said the concession would provide ICSB a long-term supply source of bamboo for further downstream processing especially into wood polymer composite (WPC) of which the company was currently developing.
'WPC is a combination of wood base fibre and polymer (both virgin and recycle) that can be used to replace timber in most form of current timber usage.
'The availability of the concession will provide ICSB ample supply of bamboo base fibre to ensure its future WPC program will be not inhibited by shortage of raw material,' it said.
IRM said the concession would complement the already strong business foundation the company has in PVC resin compounding, extrusion business and expertise via the development of WPC based on bamboo fibre.
'WPC is currently an important global product. The WPC industry is expected to enjoy excellent growth in the future especially in USA and Europe.
'This is due to the scarcity of global timber stand and advancement of polymer formulation and extrusion TECHNOLOGY []. This is in line with the global quest to conserve and make optimum use of our natural resources,' it said.
IRM said on Thursday, March 24 that the its wholly owned unit IRM Composite Sdn Bhd (ICSB) (formerly known as Betterscope Sdn Bhd) had inked the agreement with the Perak SDC.
Under the agreement, ICSB will undertake all the logging, extraction, cutting to size, and transportation of all the bamboo in the said concession, as well replant bamboo to ensure a sustainable source of bamboo supply from the said concession.
IRM said the concession was 15,000ha located in Grik, and that the location was easily accessible from the Kuala Kangsar/Grik highway.
It said the commercial terms of the agreement had not been finalised, adding that it would be done after a survey and census of the said bamboo concession was completed.
'The survey is required to establish the bamboo stand, volume and the terrain to establish logistics and replanting feasibility and requirements.
'From such information the parties will establish the commercial terms for the mutual benefit of both parties,' it said.
The company said the concession would provide ICSB a long-term supply source of bamboo for further downstream processing especially into wood polymer composite (WPC) of which the company was currently developing.
'WPC is a combination of wood base fibre and polymer (both virgin and recycle) that can be used to replace timber in most form of current timber usage.
'The availability of the concession will provide ICSB ample supply of bamboo base fibre to ensure its future WPC program will be not inhibited by shortage of raw material,' it said.
IRM said the concession would complement the already strong business foundation the company has in PVC resin compounding, extrusion business and expertise via the development of WPC based on bamboo fibre.
'WPC is currently an important global product. The WPC industry is expected to enjoy excellent growth in the future especially in USA and Europe.
'This is due to the scarcity of global timber stand and advancement of polymer formulation and extrusion TECHNOLOGY []. This is in line with the global quest to conserve and make optimum use of our natural resources,' it said.
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