Malaysian chemical company to tap Myanmar

28 April 2015
Malaysian chemical company to tap Myanmar
Samchem is interested in Myanmar and Vietnam. Photo: Samchem Holdings Bhd

Malaysian chemical products distributor Samchem Holdings Bhd is looking to expand into Myanmar and Laos within the next three to five years to complete its presence within the Indo-China region, reports the Sun Daily on April 27, 2015.
Its CEO Mr Ng Lian Poh said there is a huge growth potential within the Indo China region, in particular Vietnam.
"It's enough for us in the next few years…we localize the business there, it's not a one or two years thing, you need three to five years to realise it and for a proper establishment," he told the newspaper.
Mr Ng expects revenue contribution from both local and overseas markets to reach a ratio of 50:50 in 2015.
Samchem distributes a wide range of chemicals, such as polyurethane chemicals, intermediate chemicals, specialty chemicals and blends of customised solvents. It has distribution rights for 450 to 500 products.