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.