MMS Ventures to grow ODM ops

KUALA LUMPUR: Automation system maker MMS Ventures Bhd seeks to expand its original design manufacturing (ODM) business amid anticipation of slow sales in the semiconductor segment this year.

The company said its ODM business showcases its design and development strengths, albeit marketed under global branding.

“We have seen tremendous opportunities in the ODM/original equipment manufacturer (OEM) businesses and we are currently engaging with a number of customers with the intention to capture their potential business,” chairman Tan Hock Hin said in MMSV’s 2022 annual report.

The ODM/OEM segment made up 20.5% of the group’s RM52.87mil revenue for the financial year ended Dec 31, 2022. — Bernama