PETALING JAYA: Turbo-Mech Bhd hopes to maintain its performance this year despite the global economic uncertainty, and set to expand its existing market in Singapore, said executive director Gan Kok Ten.
He said as most of the company's clients are based there and contributed significantly to group revenue, it intended to increase the capacity of its Singapore workshop by 20%.
"We will allocate between RM10 million and RM20 million for capital expenditure and most of it will be channelled to the Singapore operations," he told reporters after the company's sixth annual general meeting.
Turbo-Mech is involved in the sale of rotating equipment and spare parts as well as providing maintenance and overhaul services for rotating equipment.
The group is well positioned within the supply chain, from equipment manufacturers to end users, with a focus on oil and gas, petrochemical and chemical industries.
Among its customers are Petronas and Shell.-Bernama