KUALA LUMPUR: Sheet metal products manufacturer and scaffolding supplier BWYS Group Bhd sees encouraging prospects in the sheet metal products industry, supported by the government’s continued commitment to infrastructure development.
“Major projects such as MRT3, the East Coast Rail Link (ECRL), Penang Light Rail Transit (LRT) and the Penang International Airport expansion are expected to drive sustained demand, and the group is well-positioned to support these initiatives through dependable supply and consistent product quality.
“We will also continue to seek opportunities to participate in relevant large-scale projects where our products can add value,” managing director Kang Beng Hai said in a statement.
He said that while global steel prices remain subdued amid market uncertainties and supply-demand imbalances, the group is taking proactive steps to adapt while strengthening its capabilities and product range to meet evolving market needs.
In the second quarter ended June 30, BWYS’ net profit jumped 171.3% to RM4mil, or 0.39 sen per share, lifting first-half (1H25) net profit 59.4% to RM6.6mil, or 0.64 sen per share.
The group said the stronger earnings were driven by higher other operating income, mainly from rental of factory and machinery to optimise underutilised assets and generate additional income.
Quarterly revenue rose 18.9% to RM69.5mil, bringing 1H25 revenue to RM126.8mil, supported by higher sales performance and demand from the construction sector and existing customers in Malaysia.
Malaysia remained the group’s main market, contributing RM66mil or 95% of revenue in 2Q25, with the balance from the United States, Singapore, Bangladesh and the Philippines.
In line with its long-term growth strategy, BWYS’ new Penang factory is on track to begin operations in the first quarter of 2026.
Once operational, the new factory will expand production capacity, improve operational efficiency, broaden product offerings, and enable adoption of more advanced technologies.
The facility will expand production capacity, improve efficiency, broaden product offerings and support the adoption of advanced technologies.
