PMW Partners with STIDC for Concrete Manufacturing Facility in Sarawak
PMW International Bhd has partnered with Sarawak Timber Industry Development Corporation to establish a concrete piles manufacturing plant in Tanjung Manis, Sarawak. The project aims to enhance PMW's production capacity significantly by 2027, aligning with regional industrial development goals.
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PMW International Bhd has entered into a partnership with the Sarawak Timber Industry Development Corporation (STIDC) to build a concrete piles and poles manufacturing facility in Tanjung Manis, Sarawak. STIDC will acquire a 20% stake in PMW Winabumi (Sarawak) Sdn Bhd through a land contribution valued at RM12.5 million.
PMW will maintain an 80% ownership and control of the subsidiary. The plant's production capacity is projected to rise from approximately 230,267 tonnes to 358,467 tonnes by Q4 2027. This initiative is part of Sarawak's industrial development strategy, benefitting from infrastructure enhancements like electricity grid expansion and hydropower projects. The investment is expected to strengthen PMW's foothold in East Malaysia and support the state's supply chain in future infrastructure projects.
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