KUALA LUMPUR: Sapura Industrial Bhd
(SIB) said it remains largely insulated for now from potential exposure to United States (US) tariffs, though it continues to monitor indirect impacts on its clients and export market demand.
"While we are not directly hit by the tariff measures, we are carefully assessing the ripple effects on our customers.
"Markets like China are actively engaging us, and we have a dedicated team exploring how SIB can participate in regions facing such challenges," managing director Datuk Syed Izuan bin Syed Kamarulbahrin told a press conference after the launch of the group's new corporate identity here today.
He added that SIB sees emerging opportunities in markets affected by tariff disputes, especially in localising supply chains for foreign original equipment manufacturers (OEMs) operating in Malaysia.
"We do not view Chinese players as competition, but in fact, more foreign OEMs mean greater demand for locally sourced parts.
"Our components - particularly those critical for safety - remain in strong demand regardless of the car brand origin," he said.
With Malaysia's total industry volume reaching 800,000 vehicles last year, SIB remains optimistic that overall component demand will hold firm despite a slightly weaker sales forecast this year, said Syed Izuan. - Bernama
