JAWALA VENEER SDN. BHD.

Additional Information

Jawala Corporation Sdn Bhd was incorporated in April 1984 and officially started trading in 1987 as a sawn timber and plywood exporter. It has expanded into an investment holding company involved in trading, provision of goods and services including wood, palm oil, wooden furniture, coal and petroleum products, construction, procurement, countertrade, and investment through joint ventures. Jawala also implemented Palm Oil for Credit Payment Arrangement (POCPA) and undertook countertrade obligations for foreign suppliers to the Malaysian Government. In 2002, it acquired equity in Jaycorp Berhad, a furniture manufacturing company. In 2006, it formed a joint venture with Major Bridge Engineering Company (MBEC). In 2015, Jawala Plantation Industries Sdn Bhd was awarded 11,043 hectares by the Government of Sabah to plant, rehabilitate and harvest forests under the principle of the Sustainable Forest Management Licence Agreement (SFMLA). Subsequently in 2018, it managed to list the above asset as Jawala Inc on the Singapore Stock Exchange (SGX). In 2018, Jawala was awarded a contract to build workers housing by Felda Global Ventures Plantations (M) Sdn Bhd. Jawala Veneer Sdn Bhd is mentioned as a director of Jawala Inc.