The Board of Directors of BHS Industries Berhad (“BHS” or the “Company”) is pleased to announce that the Pahang State Government had on 10 March 2016 approved and granted its wholly-owned subsidiary, Ultimate Ivory Sdn. Bhd a piece of land measuring 26 acres in Kg. Paloh Hinai, Mukim Lepar, Daerak Pekan, Pahang Darul Makmur for development of the 1st phase of Pekan Green Technology Park.

The above forms part of BHS’s diversification of business activities to transform and diversify its existing core business to include inter-alia, manufacturing of renewable paper pulp products using Empty Fruit Bunches from the palm oil trees, of which BHS shareholders’ approval was obtained at the Extraordinary General Meeting of the Company held on 28 July 2015.

The manufacturing facilities will include among others  a Paper Mill Factory using a patented technology called Preconditioning Refiner Chemical-Recycle Bleached Mechanised Pulp and is targeted to be completed in the 1st Half 2017.