CABLE manufacturer Federal Power Sdn Bhd is targeting to register RM150mil in sales within the next two to three years following its synergistic partnership agreement with Mecomb Malaysia Sdn Bhd.
Federal Power is a 50.5% subsidiary of Permodalan Nasional Bhd (PNB), and Mecomb a unit of Sime Engineering Services Bhd, which in turn is 70% owned by Sime Darby Bhd
. PNB owns a 42.9% stake in Sime Darby.
