PETALING JAYA: HPMT Holdings Bhd believes that the worst is over for the manufacturer and distributor of cutting tools, (pic) and this year will be a year of recovery.
Executive director and chief financial officer Tan Kim Chuan said the company’s optimism stemmed from the easing of movement restrictions imposed as a result of the Covid-19 pandemic, supported by the various economic stimulus packages here and globally.
“We look at our orderbook for January and February, and it is encouraging, we feel that the momentum for market recovery is there, ” Tan told StarBiz.
HPMT, controlled by founder and executive chairman Ku He @ Khoo Yee Her and his family, is involved in the manufacturing and distribution of cutting tools which are needed for engineering purposes within many industries such as automotive, aerospace, construction and electronics.
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