Business

Monday August 31, 2009

Wong Engineering wins up to RM30m jobs

By DAVID TAN


KULIM: Wong Engineering Corp Bhd has secured projects with an estimated RM20mil to RM30mil from customers in the United States and Europe.

The projects were for the fabrication of enclosures for equipment used in the medical, oil and gas, semiconductor and industrial equipment sectors, said executive chairman Datuk Freddy Wong.

Datuk Freddy Wong: 'We are also exploring new areas of business'.

To undertake the projects, he said the group recently invested about RM4.5mil in a production line that used laser cutting and turret punch process to manufacture enclosures and chassis.

“We will also design, manufacture and assemble the controlling module of the equipment,” he said.

Wong added that the group was now working with a foreign-owned oil and gas installation company in Malaysia to fabricate the components for equipment used in deep-sea oil exploration.

He said the group was also in discussions with US customers to manufacture test-measurement equipment used in the medical and industrial sectors.

“We are also exploring new areas of business such as producing parts for machines used in the financial sector,” he added.

On its environment business, Wong said the group was increasing the output of air detoxifier to 2,000 units next month from 1,000 currently to meet rising demand in the local and overseas markets in light of the Influenza A(H1N1) outbreak.

The air detoxifiers, marketed under the brand Okamizu, are produced at the group’s plant in Kulim Hi-Tech Park. The detoxifiers, which have CE certification, emit ozone that breaks down and neutralises bacteria, odours and cigarette smoke.

“About half of the units will be exported to countries such as South Africa, Indonesia and Iran. We have received orders from wholesalers of air detoxifier products in these countries,” said Wong.

He said only about 0.5% of Malaysia’s population used air detoxifiers and the company expected the figure to increase four-fold over the next two years.

“Revenue contribution from this segment is expected to grow to 10% from 5% presently for the 2010 fiscal year (ending Oct 31),” he added.


WONG : [Stock Watch] [News]


For latest Bursa Malaysia indices, charts and other information click here

  • E-mail this story
  • Print this story