Usains projects RM30mil in turnover

  • Business
  • Thursday, 13 Feb 2003

BY DAVID TAN in Penang

USAINS Holding Sdn Bhd, a specialist in multi-disciplinary projects and consultancy work from the public and private sectors, is projecting a turnover of about RM30mil for the 2003 fiscal year ending in December, up about RM6mil from RM24mil in 2002, according to its group managing director Prof Gan Ee-Kiang. 

The group currently had several key projects in hand, which would help spearhead Usains income this year, Gan told StarBiz

Usains is a wholly-owned subsidiary of Universiti Sains Malaysia (USM). 

“These projects include turning Pulau Singa Besar in Langkawi into a science and technology island with emphasis on eco-tourism and establishing a sanctuary for the kelah fish in Taman Negara.  

“These two are multi-million ringgit federal government projects which are scheduled for completion in three years time,'' he said. 

Gan said this after the launching of USM's collaborative research and resource centre (CRRC) by Penang Chief Minister Tan Sri Dr Koh Tsu Koon on Monday. 

According to Gan, Usains is currently in the process of bidding for several big projects from the public as well as the private sector. 

He said the company was now negotiating with Malaysian Venture Capital Bhd to invest in the manufacturing and marketing of medical products developed by scientists in USM school of medical sciences. 

“We are also bidding to obtain from the United Nations a project to study poverty in the country and are eyeing to secure a water resource management project from Sarawak,” he said. 

Gan said Usains had a pool of some 2,000 researchers, engineers, and highly-trained technical staff, which enabled the group to undertake projects requiring multi-disciplinary expertise. 

Earlier in his speech, Koh said the CRRC, a project by Usains and the state government, would address the needs of Penang's manufacturing industry by providing the necessary expertise to enable the small and medium enterprises adapt and adopt new methods and technologies.  

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