UMW Corp Bhd's acquisition of 90.5% equity in Petrodril (M) Sdn Bhd in March last year has provided opportunities and growth potential for the automotive and industrial manufacturing group to develop its oil and gas division as a core business and to expand its earnings base.
UMW head of oil and gas division Zulkifly Zakaria said the acquisition was the group's long-term strategy to use Petrodril as a launch platform into the oil and gas sector.
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