EQX Materials Sdn Bhd, a Penang-based material solution and service provider company, is negotiating for projects worth about RM50mil from local and overseas developers in Malaysia.
Its managing director Roland Choong said one of the key projects involved the use of fluoropolymer or ethylene tetrafluoroethylene (ETFE film) to replace glass frames in buildings.
“The usage of fluoropolymer film reduces spending on steel structures to support the glass frames in a building.
“A high-rise project will save about 20% on the building cost.
“There will also be savings in maintenance cost as the fluoropolymer film is easily replaceable,” he said.
Choong said the company imported the fluoropolymer film from Asahi Glass Co Ltd, a renowned glass manufacturer in Japan, and then customised it for projects.
“There are 10 such companies providing ETFE film installation, located mostly in Europe, which compete with us.
“But our pricing is among the most competitive,” he said.
Choong said the other two products that the company was promoting and would drive the company’s growth were the glass integrated photo voltaic (GIPV) and fluorinated paint.
“The GIPV serves as casing and protection for solar cells and beautifies the building, while the fluorinated paint will cut down the need for repainting and washing,” he said.
On its new warehouse and corporate office in Penang Science Park, Bukit Minyak, Choong said the company had invested about RM10mil.
The new facility has about 30,000sq ft in built-up area and a workforce of 120 workers. The number is expected to increase to 200 in the near future.
“We have offices in Singapore, Indonesia, the Philippines, Thailand, Vietnam, Myanmar, Hong Kong, China, Taiwan, Bangladesh, India and United Arab Emirates.
“Our core business is supplying electronics, semiconductor and solar materials, industrial chemicals, refrigerants and specialty gases, advanced polymers and new generation building and construction materials,” Choong said.
EQX expects a 20% increase in its revenue for 2015 from RM178mil in 2014.
“We are looking at a growth of 5% for our net profit, which is about 5% of our annual turnover,” he said.