PETALING JAYA: Sam Engineering & Equipment
(M) Bhd says it expects reduced demand from planemakers this year and has started redeploying excess resources from its aerospace division to its growing equipment business.
“With airlines deferring and, in some cases, cancelling new aircraft deliveries, airframers have reduced their aircraft production rates by at least one-third this year.
“We began to see demand reductions as Aerospace customers reduce or push out demands, ” the company said in a filing with Bursa Malaysia yesterday.
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