MARKET DEVELOPMENT
Pansar Eyes Opportunities In Sarawak Oil Palm Sector
Pansar Eyes Opportunities In Sarawak Oil Palm Sector
29/08/2013 (Bernama) - Sarawak's leading business-to-business engineered solutions provider, Pansar Bhd, plans to tap the growing opportunities in the state's oil palm sector.
Its Managing Director Jason Tai Hee said many oil palm companies were going downstream with the building of mills.
"This will do well for us, in particular our roofings which we are already supplying a lot," he told reporters after the company's 39th annual general meeting here Wednesday.
Chief Minister Tan Sri Abdul Taib Mahmud had recently said the state would embark on cultivating another one million hectares with oil palm.
For its financial year ending March 31, 2013, Pansar posted a turnover of RM430 million, an eight per cent increase over last year's result.
Net profit was RM17.5 million, a 10 per cent increase while gross profit was RM58.8 million, up five per cent.
Earnings per share went up 11 per cent to 6.24 sen.
Tai said another new area it wanted to move into is facility management like in hotels, industrial complexes, airports or hospitals.
"This will involve greater usage of energy-efficient appliances like using LED lightings and more efficient chillers in air-conditioning units.
"We already have our people trained in GBI (Green Building Index) areas for this," he said.
Pansar would also continue to exploit the existing opportunities in the state's oil and gas sector and soon in SCORE (the Sarawak Corridor of Renewable Energy) areas, he said, adding the company had been supplying a lot of marine engines and welding sets to the oil and gas industry.
He also stressed that in its new financial year, Pansar, being an engineered solutions provider rather than a pure trading company, would focus strongly on developing its relevant manpower pool.
"We need competent technical people. This will be our focus. We will prioritise training, remuneration and mentoring where the senior people will teach and guide the younger ones.
"I think we will do well again in the next financial year," he said.
Its Managing Director Jason Tai Hee said many oil palm companies were going downstream with the building of mills.
"This will do well for us, in particular our roofings which we are already supplying a lot," he told reporters after the company's 39th annual general meeting here Wednesday.
Chief Minister Tan Sri Abdul Taib Mahmud had recently said the state would embark on cultivating another one million hectares with oil palm.
For its financial year ending March 31, 2013, Pansar posted a turnover of RM430 million, an eight per cent increase over last year's result.
Net profit was RM17.5 million, a 10 per cent increase while gross profit was RM58.8 million, up five per cent.
Earnings per share went up 11 per cent to 6.24 sen.
Tai said another new area it wanted to move into is facility management like in hotels, industrial complexes, airports or hospitals.
"This will involve greater usage of energy-efficient appliances like using LED lightings and more efficient chillers in air-conditioning units.
"We already have our people trained in GBI (Green Building Index) areas for this," he said.
Pansar would also continue to exploit the existing opportunities in the state's oil and gas sector and soon in SCORE (the Sarawak Corridor of Renewable Energy) areas, he said, adding the company had been supplying a lot of marine engines and welding sets to the oil and gas industry.
He also stressed that in its new financial year, Pansar, being an engineered solutions provider rather than a pure trading company, would focus strongly on developing its relevant manpower pool.
"We need competent technical people. This will be our focus. We will prioritise training, remuneration and mentoring where the senior people will teach and guide the younger ones.
"I think we will do well again in the next financial year," he said.