PETALING JAYA: Southern Cable Group Bhd (SCG) will make its foray into new business segments in the automotive and elevator fields by the second half of 2021.
The company, which made its debut on the Ace Market yesterday, will do so through the introduction of a new product range, including power and control cables and wires for application in the automotive and elevator industry.
“The expansion into the automotive and elevator segments is because we would like to expand our product range and we also see the demand from these industries to be high in the near future, ” group general manager Ooi In Keong said at a virtual press conference after its initial public offering (IPO) yesterday.
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