Seng Fong’s growth spurt to continue with rising number of EVs

Seng Fong Holdings Bhd managing director Er Hock Lai.

WITH its fortunes tied indirectly to the tyre business, it comes as no surprise that profits are rolling in for rubber processor Seng Fong Holdings Bhd, especially with the electric vehicle (EV) boom.

Unknown to many, as managing director Er Hock Lai states, EVs burn through tires faster than internal-combustion vehicles.