Indonesia big contributor to Unimech revenue

TheStar Mon, Jul 12, 2021 07:30am - 2 years View Original


Unimech Group executive director Sim Yee Fuan Sim told StarBiz that, “Our valve production factory in West Java, which commenced operation late last year, will benefit from the Indonesian government’s plan to expand its national shipping industry ability from 85, 000 deadweight tonnes (DWT) in 2015 to 300, 000 DWT by 2025."

GEORGE TOWN: UNIMECH GROUP BHD expects Indonesia, its biggest overseas market, to contribute significantly to the group’s revenue this year despite the Covid-19 threat still looming large in the republic.

According to executive director Y F Sim, the revenue contribution from Indonesia will likely sustain at about 26% this year, compared with a year earlier.

Unimech is one of Malaysia’s leading value-add engineering business group with a market capitalisation of about RM220.12mil.

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