STIDC forms working committee to facilitate investment in S’wak’s furniture industry

KUCHING (Sept 28): The Sarawak Timber Industry Development Corporation (STIDC) has formed a working committee to facilitate investment in downstream processing for the furniture industry in Sarawak.

In a press statement, STIDC said this is in line with its initiative to achieve an export target of RM8 billion by 2030, and the working committee comprises the Malaysian Furniture Council (MFC) and Sarawak Furniture Industry Association (SFIA).

The working committee’s focus is on utilising more planted raw materials such as acacia, rubber and bamboo.

STIDC advisor Datu Hashim Bojet, who was optimistic about the collaboration, expressed his hopes that industry players would come forward to provide input that would help the Sarawak government in formulating friendly and constructive policies.

“Our goal is to create an environment that encourages industry growth. There is a need for a collective approach as we are not only focusing on industry development in Sarawak but Malaysia as a whole. Thus, teamwork is essential in achieving our targets,” he said.

He also acknowledged the growing demand for furniture worldwide, despite fluctuations in exports due to global circumstances beyond local control.

“The demand for furniture is always there; thus, our preparation is crucial. This initiative aims to foster growth and enhance the industry’s competitiveness on both local and international fronts,” he said after receiving a courtesy call from MFC and SFIA representatives at the STIDC headquarters in Petra Jaya here on Friday.

Meanwhile, MFC president Desmond Tan was impressed with Sarawak’s ambitious target of achieving RM8 billion in export revenue by 2030.

“For this target to be met, we require government support through favourable policies. Of course, collaboration in decision-making processes is important to ensure accurate and effective policy formulation,” he said.

Both MFC and SFIA said they would contribute actively in brainstorming sessions and policy development.

STIDC meanwhile reiterated its commitment to enhancing the timber-based industry in Sarawak through strategic initiatives that promote value-added products and sustainable practices.

“The establishment of this working committee is a testament to our dedication in fostering a robust furniture industry capable of meeting both local needs and international demands,” Hashim added.