Kota Kinabalu: A full economic value chain is important to realise the full value of the Industrial Timber Plantation (ITP) in Sabah, according to Forest Solutions Malaysia Managing Director Glen Mac Nair.
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Published on: Sunday, March 14, 2021
By: Leonard Alaza
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Innovative wood based products (structural and chemical) will require consistent supply of homogenous timber. Picture shows a bird’s eye view of homogenous timber in an ITP area.
WITH its capability in producing eight million cubic metres of sustainable output of homogenous wood supply in perpetuity, the Industrial Timber Plantation (ITP) is Sabah’s stroke of economic genius.
Sustainably produced from a fully planted net area of 400,000ha within a 10-year rotation, this would equate 10 per cent to 15 per cent of the Gross Domestic Product (GDP).
Its production value in Sabah, both from full upstream and downstream activities, is estimated to be RM11.5 billion.