Yinson Holdings ready to embrace O&G sector

  • Business
  • Saturday, 31 Dec 2011

JOHOR BARU: Land transportation and logistics services provider, Yinson Holdings Berhad, is ready to expand its business to embrace the oil and bas (O&G) industry in South-East Asia.

Its managing director Lim Han Weng said the company's transformation in the direction of the O&G industry, would not, however, mean it was completely sidelining its land logistics business.

“We will continue to retain between 20%-30% of the company's business in the land transportation and logistics services. The oil & gas industry provides good returns,” he told Bernama after the company's EGM here yesterday.

He said the company saw a lot of opportunities in the O&G sector in Malaysia, Indonesia, Myanmar, Vietnam and Thailand.

“We will build our ability and expertise before entering the oil & gas industry outside of South-East Asia,” he added. - Bernama

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