LHT stays chipper on higher demand for its pallets made of recycled wood

Despite a difficult start as an early mover in the use of recycled wood, the company now has plans to create even more green products.

Sharon See

Published Sun, Apr 26, 2020 · 09:50 PM

Topline

Singapore

AT a time when businesses are shuttered due to the novel coronavirus pandemic, LHT Holdings is finding a mini boom in one of its core businesses.

The mainboard-listed company manufactures wooden boxes and pallets and has dreams of one day building a one-stop shop that provides customers a full value-chain of solutions in the logistics business.

Rental demand for its wooden pallets has recently spiked more than ever before now that retailers of fast-moving consumer goods (FMCG) are seeking to build their own stockpiles, the company's chief executive May Yap told The Business Times.

Grocers are renting 40 per cent more pallets than pre-Covid-19 times to store their goods. Meanwhile, rice suppliers are renting mo…