An Evaluation of the Output of Rubber Forest Plantation
The wood based industry is important to Malaysia The timber sector continues to be major contributor to the economic sector, generating about 4.5% of the country's GDP and has a workforce of 240 000 people. Export of timber products amounted to about US$4.5 billion in 1999 or 5.4% of the cou...
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| Format: | Project Paper Report |
| Language: | English English |
| Published: |
2001
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| Subjects: | |
| Online Access: | http://psasir.upm.edu.my/id/eprint/10082/1/FH_2001_29.pdf |
| Summary: | The wood based industry is important to Malaysia The timber sector continues to
be major contributor to the economic sector, generating about 4.5% of the country's GDP
and has a workforce of 240 000 people. Export of timber products amounted to about
US$4.5 billion in 1999 or 5.4% of the country's foreign receipts. Downstream
manufacturing especially furniture fabrication saw the shift from over-dependence on
solid wood from the natural forest species to Rubberwood and panel products such as
MDF and particleboard. Presently, about 85% of all wooden furniture exported is made
of Rubberwood Rubberwood is the main raw material used for the booming wood-based
industry in Malaysia. However, the supply issue of the Rubberwood resource is intensely
debated in Malaysia. Wood-based industry claim that there is a shortage of supply, but
the related government agencies argue that the short supply is simply due to logistic
problem. The implications of Rubberwood sawntimber shortage are far reaching because
it affects higher production costs low productivity and inconsistency quality in furniture
production. The objective of this study is to evaluate availability of Rubberwood supply
for the wood-based industry next few year and also viability of rubber forest plantation.
This study found that, the amount of Rubberwood is not enough to support the Furniture
Industry in Malaysia. Beside that, from the study examine the viability of investment in
establishing short-cycle (15 years) rubber forest plantations fro extraction of both latex
and wood as well as that of plantations established solely for extraction of timber, both
IIR and NPV value for rubber forest plantations with wood and latex extraction are
higher than the plantations with wood extraction. However, Ble Ration for forest
plantations with wood extraction is higher than the forest plantations with wood and latex
extraction. This means that, we can get more revenue from the plantations with wood and
latex extraction. Therefore, the return from the wood only option is poorer than the latex
and wood option. |
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