Sarawak Cable (SCB) is transforming from a pure cable and wire manufacturer into a one-stop centre, which enables it to access the power transmission industry’s value chain and to tap into SCORE’s abundant but under-utilised energy resources. The company has acquired STSB, which offers exposure to fabricating and galvanising transmission towers and other steel products, as well as TISB, a contractor for transmission lines. SCB also expects a new income stream from mini hydro power generation starting 2014 via 65%-owned PT Inpola Mitra Elektrindo.
Laying cables across East Malaysia. SCB, listed on Bursa Malaysia‟s Main Board on 25 May 2010, is a manufacturer of aluminium and copper cables and wires based in Kuching, Sarawak. Given its high exposure in the East Malaysian market, the company controls roughly a third of the region‟s market share and offers products that include low voltage power cables and high voltage bare conductors.
Laying cables across East Malaysia. SCB, listed on Bursa Malaysia‟s Main Board on 25 May 2010, is a manufacturer of aluminium and copper cables and wires based in Kuching, Sarawak. Given its high exposure in the East Malaysian market, the company controls roughly a third of the region‟s market share and offers products that include low voltage power cables and high voltage bare conductors.
A one-stop power transmission centre. Post-listing, SCB acquired 75% of Sarwaja Timur SB (STSB) and is now in the midst of acquiring the remaining 25% for RM11.3m. Separately, SCB has also proposed to acquire full interest in Trenergy Infrastructure SB (TISB) for RM65m. STSB is involved in the fabrication of transmission towers and other steel products and also provides galvanising services, while TISB is an EPC contractor for transmission lines. The acquisition will benefit SCB in terms of synergy and also facilitate the creation of a one-stop centre for power transmission projects. The company is also expanding overseas by acquiring a 65% stake in PT Inpola Mitra Elektrindo (IME), which has been awarded a 20-year Power Purchase Agreement (PPA) for a 11 MW mini hydro power plant. Construction is expected to begin this year and complete in 2014.
More from SCORE. Other than the 2,400MW Bakun dam that has its power transmission line and substation at Samalaju Industry park, there are many untapped energy resources amounting to 28,000 MW in the corridor. With SCORE‟s development picking up speed, the region is expected to be a hive of activity going forward. SCB, a homegrown player, is likely to be a frontrunner for any power transmission projects, as its new one-stop centre gives the group access to the power transmission industry‟s entire value chain. The company‟s orderbook, including that of TISB‟s (whose acquisition is expected to be completed by end-2012), totals RM292m.
Source: OSK
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