Malaysia-based Emas Kiara Industries Bhd (Emas Kiara) is penetrating the European geosynthetics market via an original equipment manufacturer (OEM) link with an established player, according to reports from theborneopost.com.
According to RHB Research Institute Sdn Bhd (RHB Research), Emas Kiara’s value in the partnership was its manufacturing capacity. The connection also apparently recognized the company’s international standing.
RHB Research stated that the geodrain supply and installation for the RM4.6 billion ($1.5 billionUSD) West Coast Expressway project, for instance, could total as much as RM200 million ($64 millionUSD).
Meanwhile, the research house said Emas Kiara had secured new geodrain orders of about RM30 million ($9.6 millionUSD) from contractors involved in the land portion works of the Second Penang Bridge as well as earthwork contracts for the Kuala Lumpur International Airport Two (KLIA2). RHB Research stated that the new geodrain orders from the Second Penang Bridge were particularly timely as they would pick up where those of the KLIA2 were going to leave off.
RHB also stated that Emas Kiara was well backed by the rising acceptance of geosynthetic products; the rising awareness towards environment protection; and in Malaysia particularly, coastal erosion control and preservation of mangrove areas that were niche areas for geosynthetics. RHB also noted Emas Kiara’s position within the geosynthetics sector in Malaysia with an estimated market share of 60% in the country.