Sunway unit seeks joint venture partners


  • Business
  • Thursday, 16 Sep 2004

SUNWAY Holdings Inc Bhd's wholly owned unit, SunBlock Sdn Bhd, a manufacturer of concrete pavers and concrete slabs, expects its turnover to increase to RM40mil this year from RM30mil previously, said executive director Danny Ng. 

To raise revenue, the company was looking for joint venture partners in Sabah and Sarawak, he said in Petaling Jaya yesterday. 

It was also seeking expansion opportunities in India, Vietnam and China as these countries offered high growth potential for its products, he said. 

Set up in November 1981, SunBlock is the largest producer of interlocking concrete pavers (ICP) and the sole manufacturer of compressed concrete slabs, under the brand Eurotiles, in Malaysia. 

Apart from supplying to local projects, it exports to Australia, Hong Kong, Maldives and Singapore.  

With its plants strategically located in Nibong Tebal, Seberang Prai Selatan; Batang Kali and Beranang in Selangor and in Senai, Johor, SunBlock deals with the sales, manufacture and supply of ICP and Eurotiles. 

These products are in demand for heavy duty industrial paving works, landscaping and for adding aesthetic value to buildings. Other usages for ICP are for paving heavyduty storage areas, factories, traffic junctions and driveways. 

“The company also invests in research and development to develop new products.  

“To this end, we will be launching our latest product, Sunflor, which is an internal flooring series made from concrete slabs,” Ng said. – Bernama 

 SUNINC :  [Stock Watch]  [News]

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Fed's Powell: 'no one' happy with fellow policymakers' trading
Fed signals bond-buying taper coming 'soon,' rate hike next year
Malaysia deals fresh blow to global copper scrap trade
Exxon, Chevron conceal payments to some governments
Oil prices up on US stocks draw, rising fuel demand
GLOBAL MARKETS-Stocks post gains, dollar strengthens after Fed flags taper soon
ECB to weigh QE boost when Covid bond buys end, Muller says
CMP3 launch seen as timely
Vehicle sales set to rise
Jaya Tiasa returns to profitability

Stories You'll Enjoy


Vouchers