KUALA LUMPUR: Industrial automation options supplier Greatech Expertise Bhd is in search of potential companions to develop its footprint within the European market.
Chairman Ooi Hooi Kiang stated the growth could possibly be by strategic alliance or merger and acquisition.
“We actively look out for potential companions that are according to our long-term enterprise methods and thus making a synergistic impact,” she stated within the firm’s annual report launched immediately.
Ooi stated the board takes cognisant of the current battle between Russia and Ukraine and assesses its affect on the longer term progress of the group comparable to market development, enterprise dangers, human capital growth, and growth plan.
She added that the establishing of an workplace in the US and repair heart have began to reap outcomes because the group noticed an growing order e book coming by them.
“As a part of the group’s technique in constructing sustainable progress, we all the time allocate 20 per cent sources in creating new sectors and markets.
“Such a technique permits us to penetrate new sectors and thus construct sustainable pipelines for the order e book. And life science can be one of many key sectors we’ll deal with creating inside the subsequent 12 months,” she stated.
Ever since Greatech’s profitable penetration into the renewable power storage market in 2020, Ooi stated enterprise continues to flourish with excellent order e book rising to RM546.65 million in comparison with RM351.20 million beforehand.
“Through the years, now we have advanced from a single automated gear maker to an industrial automation options supplier for industries comparable to photo voltaic, power storage, life science, lidar, and semiconductor,” she stated. – Bernama