Monday 23 Dec 2024
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BALAKONG (Feb 20): Gas Generators (M) Sdn Bhd (Gastec), a wholly owned subsidiary of T7 Global Bhd, is in a position to further spur its growth in Asean markets, where it already has a presence in, and specifically target Myanmar for power plant projects with its new enhanced capacity.

Gastec chief executive officer Ken Tan said it is notable that with Myanmar facing power supply shortage, this is a key target in that country besides the oil and gas (O&G) sector.

"We all know they are short of power supply and they are building lots of power plants.

"Myanmar is one of our prime targets and Vietnam as well. Two years ago in Myanmar, we supplied (an) oxygen generator and it is not something new to us, but we still feel the market is growing and it is a big growth," Tan said after the grand opening of Gastec's new workshop at Balakong, Seri Kembangan, today.

The grand opening was witnessed by Second Minister of International Trade and Industry Datuk Seri Ong Ka Chuan.

With the new workshop that was built on a 1.1-acre land, Gastec is able to provide between 10 and 15 fully grown or developed packages annually compared to five to six packages previously.

Tan added there are other countries in Asean that Gastec has yet to explore, although it already has significantly good coverage in Asean, especially in Indonesia.

"Currently in Indonesia, we have about six clients. We have leased the equipment and signed contracts ranging 10 to 15 years," he said.

With a strong presence in Indonesia, Thailand and the Philippines as well as Australia and the Middle East, Gastec is looking forward to approaching markets like Africa too.

"We [are] definitely looking into it. Recently, we are talking about [exploring] markets like Africa, and of course this is something very new to us.

"We need to have internal discussion among our top management first to make sure we are ready. Now with bigger new facilities, of course we have (the) capability to undertake newer market, but of course we have to really do study," Tan said.

 

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