History

Golden Pharos Berhad is a public listed company on the Main Board of Bursa Malaysia. GPB is also a Terengganu state Government Link Corporation (“GLC”) by virtue of 69.092% shareholding via the State’s investment arms, Terengganu Incorporated Sdn Bhd and Lembaga Tabung Amanah Warisan Negeri Terengganu which hold 60.925% and 8.166% respectively.

Its principal activities cover forest concession management, harvesting and distribution, sawmilling and value-added processing of wood-based products, and manufacturing and sales of architectural panel glass.

As a Shariah-Compliant company, GPB is committed to responsible investments that are free from usury, gambling, and ambiguity in striving for sustainable profitability.

Vision

To become a premier natural resources organisation.

Mission

• To improve our results
• To meet our customer expectations
• To maximise return to our shareholders
• To promote green and eco-friendly environment
• To provide workforce with rewarding employment
• To use our position as an integrated timber producer

Core Values

G

emilang

O

ptimis

L

estari

D

edikasi

E

fektif

N

ekad

1980

GPB took over the manufacturing of timber doors from Golden Pharos Wood Industries Sdn.Bhd.

1992

  • May – Tempered glass plant set up at Telok Panglima Garang Industrial Site, producing 20,000 square metres of tempered glass per month.
  • November – The second phase of glass production was implemented to supply architectural glass and shower screens for domestic buildings and the construction industry. 

1996

March – GPB became fully integrated timber corporation with the acquisition of Permint Timber Corporation Sdn.Bhd.

2008

  • Kumpulan Pengurusan Kayu Kayan Trengganu Sdn.Bhd., timber management subsidiary, awarded the Forest Stewardship Council (FSC) endorsed certification.
  • Two saw-milling subsidiaries, Pesaka Trengganu Berhad and Pesama Timber Corporation Sdn. Bhd. (Pesama) are Chain-of-Custodian(CoC) certified by third party certifiers accredited by the FSC. 

2012

  • Golden Pharos Glass Sdn.Bhd. (GP Glass) certified to ISO 14001:2004 International Standards.
  • GP Glass awarded ISO 9001 – 2006. 
  • Pesama obtained FSC endorsed certification for Cherul Forest Concession.

2014

  • GPB entered into a Memorandum of Understanding with Malaysian Timber Industry Board (MTIB) and Pengusaha Kayu-Kayan & Perabot Bumiputera Malaysia (PEKA). 2014

2015

  • GPB entered into a Memorandum of Understanding with Dongwha Malaysia Sdn Bhd.
  • Permint Plywood Sdn Bhd (PPSB) entered into a Joint Venture Agreement with Cymao Plywood Sdn Bhd (CPSB) to revive PPSB’s facility by establishing a JV company, GP Dynamic Venture Sdn Bhd (GPDV).

2016

  • PPSB entered into a Shareholders’ Agreement with CPSB.
  • l PPSB subscribed to RM0.96 million (60%) of GPDV’s paid up capital. GPDV’s intended activities were to manufacture and sell veneer, plywood and decorative plywood.
  • l In June 2016, PPSB commenced the production of woodchips to maximise the value of the Group’s wood waste.

2017

  • GP Glass was awarded Company of The Year (Small Medium Enterprise) at Terengganu Inc Excellence Award 2017.
  • Pesama and Pesaka Trengganu Berhad
    (Pesaka) were awarded
    the Performance Award
    for Sawmill Category (Air Pollution Control) by the Department of Environment Terengganu.

2018

  • PPSB re-started operations after closing down its business in 2005.
  • PPSB was certified with Programme for the Endorsement of Forest Certification (PEFC) for veneer production.
  • PPSB signed an agreement with BioBenua Teknologi to process agar wood oil.
  • Kumpulan Pengurusan Kayu Kayan Trengganu Sdn Bhd (KPKKT) initiated commercial Forest Plantation for long- term timber supply.
  • PPSB was awarded the PEFC ‘Chain
    of Custody of Forest Based Products’ certification at Majlis SIRIM Industri 2018 ‘Best Partner For Innovation’.

2019

  • First dividend payment of 1.27 sen per share was declared and paid after 11 years.
  • GP Glass was awarded Brand Leadership Award at the BrandLaureate BestBrands Awards 2018/2019.
  • The then Minister of Human Resource,
    YB M Kulasegaran appointed Chief Executive Officer, Dato’ Nadza Abdul as Director of SOCSO.
  • CEO Dato’ Nadza Abdul received the Malaysia Business Awards (MEBA)- Masterclass Bumiputera CEO of The Year Award.
  • GPB paid RM3.17 million as partial repayment of advances to Terengganu Inc after 10 years of debt.

2020

  • April 2020 – GPB was finalist in 2019 Asia Sustainability Reporting Award in Singapore.
  • August 2020 – GPB settled RM12 million of Terengganu Inc debt via issuance of redeemable preference shares.
  • October 2020 – GPB awarded Company of the Year (Logging & Sawmill) by CSR Malaysia.