THE STAR I June 23, 2010

AQUILAS – Unimech to grow overseas revenue contribution to 30%

GEORGE TOWN: Unimech Group Bhd is targeting for its overseas business to contrib ute over 30% to its revenue this year from 22% last year.

The company planned to do this by setting up by year-end six new marketing and distri-bution offices in Indonesia, which was now its largest and fastest growing foreign mar-ket, said executive chairman Datuk Lim Cheah Chooi (pic).

“Our customers in Indonesia are from the palm oil mills, marine industry and petro-chemical sector. We also plan to set up soon a new marketing and distribution office in Chengdu.

“We will spend an initial RM5mil for this overseas expansion exercise,” he said after the company AGM yesterday.

Indonesia, which was entering a phase of rapid development and industrialisation, presented vast potential for Unimech to tap, he added

The group now has 14 offices in Indonesia and two in China, locat-ed in Shanghai and Beijing.

Lim said in the near future, the group was looking at the markets in Thailand, Cambodia, Vietnam and Saudi Arabia.

Locally, the group’s water valves and pump solutions were becoming significant revenue generators, he said.

With manufacturing plants in Tianjin, China and Seberang Prai, Penang, Unimech produces valves under the six brandnames of Arita, Unijin, Q-flex, SVR, Iconic and Sanitario.

For the year ended Dec 31, Unimech posted a net profit of RM13.34mil on revenue of RM119.9mil compared with RM13.3mil and RM123.6mil respectively in the previous year.