Eddy said: As if I care about something that "could" happen in year 2010. Totally numbed.
For now, the fifth largest composite supplier to Airbus is trying to find strategic partners interested in working with it
COMPOSITES Technology Research Malaysia Sdn Bhd (CTRM) has set a target of being listed on the MESDAQ market of Bursa Malaysia in 2010.
Its senior general manager business development, Wan Abd Halim Wan Abd Majid, said the planned listing is still under consideration as CTRM is doing a due diligence with several banks.
“At the moment, we are trying to find strategic partners interested in working with us,” he told reporters during a media visit to CTRM’s facility in Malacca today.
CTRM, the fifth largest composite supplier to Airbus, is 90 per cent owned by the Ministry of Finance and 10 per cent by Petronas.
It has a 445,000 sq ft plant for the manufacturing of composite component parts for aircraft.
With a book order of RM3.2 billion for various design and manufacturing ventures, CTRM projects a RM700 million revenue for the financial year ending December 2010, Wan Abd Halim said.
“We are confident of achieving about RM307 million in revenue this year from the RM238 million in 2007,” he added.
En route to the listing, the company is diversifying its business to drive growth. It is looking to be involved in the manufacture of hybrid cars, the monorail body and wind blades next year.
Meanwhile, Wan Abd Halim said the outlook for the aviation industry remains strong amid the global energy crisis as people still choose air transport for travel.
“The private jet business will also start to grow as certain groups of people are slowly using private eight-seater jets for travel instead of normal airlines. — Bernama
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