Engtex, which manufactures and distributes steel pipes and building materiqals, has set its sights on expanding into regional markets, within five years. It also has plans to increase the production capacity of its manufacturing facilities plant.
It has already a based in Singapore, its sole overseas venture thus far. It will facilitate the entry’s of its products into Indonesia, Brunei and Vietnam.
In Malaysia, the company’s move into property development is also gaining momentum as Engtex seeks a wider income portfolio to safeguard its earnings.
However, it has yet to produce results from its property development business although it has made significant investments to spearhead its foray into real estate.
It owns a 4.07ha of vacant freehold agricultural land in Gombak and plans to develop residential properties there. It had also acquired 17 parcels of freehold vacant commercial land in Bdr Selayang, Gombak.
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