Unimech counts on export markets

BUTTERWORTH: Unimech Group Bhd, a maker of industrial valves, expects income from exports business to account for more than half of its total revenue by 2020, as higher price of crude palm oil (CPO) drives output in key market Indonesia.

Group executive director Y.F. Sim told StarBiz that business in Indonesia is expected to contribute 30% of its revenue this year. “When prices are good, we see increased palm oil output, resulting in higher orders for our valves,” he said.