MTC GREEN INITIATIVES

FOR PURCHASE OF ELECTRIC FORKLIFT (EF)

GUIDELINES

INTRODUCTION

The Malaysian Timber Council (MTC) is expanding its assistance programme by introducing MTC Green Incentives programme for the Purchase of Electric Forklift (EF) to assist the timber industry in the adoption of green technology to enhance its competitiveness.

DETAILS

A)   Eligibility Criteria

• The company shall be incorporated in Malaysia, in operation for at least three (3) years and based in Peninsular Malaysia.
• The company shall be a Malaysian-owned company (with at least 51% of shareholding).
• The company shall be a member of any one (1) of the following six (6) timber associations:

                  i.   Malaysian Wood Industries Association (MWIA);

                  ii.   The Timber Exporters' Association of Malaysia (TEAM);

                 iii.   The Malaysian Panel-Products Manufacturers' Association (MPMA);

                 iv.   Malaysian Wood Moulding and Joinery Council (MWMJC);

                  v.   Malaysian Furniture Council (MFC); and

                 vi.   Persatuan Pengusaha Kayu-kayan dan Perabot Bumiputra Malaysia (PEKA)

                       [Association of Malaysian Bumiputera Timber and Furniture Entrepreneurs].

• Must be involved in sawmilling or production of value-added timber products, or timber trading:

                   i.    Manufacturing companies shall be installed with wood-based manufacturing facilities.

                  ii.    Trading companies must have warehousing facilities.

• Companies with common shareholders are eligible to apply for one (1) company only.
• Companies that have received other grant or subsidy for the purchase of electric forklift from other government or government-linked agencies are not eligible for this incentive.

B)   Reimbursement Rate

• 20% of the cost of electric forklift limited to a maximum of RM10,000 per company/group of companies (one-off).

 C)   Purchase of Electric Forklift

• Only newly purchased electric forklifts are eligible for the incentive.
• Reconditioned electric forklifts are not eligible for the incentive.

 D)   Registration/Application

• Register for an account at MTC IAP Portal: iap.mtc.com.my. Once the account registration is approved, the applicant will receive an email notification and instructions to log into the Portal.
• Applying company shall complete their company profile in the online portal.
• Applying company with existing account in the portal shall log in and update their company profile. The company profile can be updated at any time and should be kept up to date for MTC’s evaluation.
• Completed Application Form shall be submitted to MTC within thirty (30) days after purchasing of electric forklift together with the following supporting documents (with certified true copy stamped and signed on front page only):
  • Purchase Order;
  • Delivery Order;
  • Brochure and technical specification of the new forklift; and  
  • Latest three (3) years Audited Accounts.
• A Conditional Approval Letter with a Reimbursement Checklist will be issued by MTC to successful Applicant that has submitted complete supporting documents.

E)    Reimbursement

• Submission for reimbursement (with full supporting documents) must reach MTC within 30 days from the date of the Conditional Approval Letter from MTC.
• Submission of documents (with certified true copies stamped and signed on the front page only) required include:
  • Supplier’s Invoice for the electric forklift.
  • Report, certificate, etc. on ESG disclosure/compliance, initiatives or implementation.
  • Proof of document to indicate that the entire cost of the electric forklift purchased has been paid and owned by the applying companies.
• Upon submission of complete reimbursement documents, MTC will carry out a due diligence audit (DDA) either on site or remotely to assess and examine the electric forklift purchased (if required).
• Late submission for reimbursement later than 30 days from the date of the Conditional Approval Letter from MTC will not be considered by MTC.
• Approval for reimbursement is at the sole discretion of MTC.
• The financial incentive provided is on a first-come, first-served basis, until the budget allocation is completely utilised.
• MTC reserves the right to amend the Guidelines of this Programme at any time without any prior notice.

 F)    Non-Compliance (Penalty)

• In the event of non-compliance to the guidelines, the company must undertake to refund in full the disbursement amount to MTC.

CONTACT

For further enquiries and information, please contact:

1. Ms Ong Lay Lee (Tel: 03-9286 9962; Email: ong@mtc.com.my)
2. YM Raja Mahadi Raja Muhamed (Tel: 03-9286 9965; Email: rajamahadi@mtc.com.my)