Unimech counts on export markets

TheStar Mon, Mar 18, 2019 07:31am - 5 years View Original


BUTTERWORTH: Unimech Group Bhd , a maker of industrial valves, expects income from exports business to account for more than half of its total revenue by 2020, as higher price of crude palm oil (CPO) drives output in key market Indonesia.

Group executive director Y.F. Sim told StarBiz that business in Indonesia is expected to contribute 30% of its revenue this year. “When prices are good, we see increased palm oil output, resulting in higher orders for our valves,” he said.

   

Another good sign in Indonesia is that the government there is expected to implement the B30 biodiesel blend soon, which the company said would boost palm oil output.

Unimech supplies industrial valves to palm oil mills in Indonesia. The group currently has 33 sales offices in Indonesia and plans to open four more this year.

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