Strategies
Industry Outlook
- The commercial and industrial door market in Singapore is expected to experience positive average annual growth of 6.2% from 2012 to 2015 and customer value spending is forecasted to grow from S$40.2 million in 2012 to S$48.5 million in 2015, driven by large scale public sector projects such as expansion of educational and healthcare facilities and significant additions of commercial and industrial space*
- The MRO industry (Maintenance, Repair & Overhaul of Aircraft) is experiencing strong growth in the UAE and the Middle East region due to increased ownership of private helicopters and light aircraft. This leads to more small-sized hangars being built to house them. We see good potential for our Gliderol GIANT series hangar doors as it is a cost effective solution for such hangars
- Taiwan is one of the few countries that regulates the use of insulated fire shutters. We are in the process of testing our products in Taiwan and we believe our insulated fire shutter design will be well-received and will perform to the requisite testing standards
* Based on the report titled "Commercial and Industrial Doors in Singapore" prepared by the Independent Market Researcher, Euromonitor International Limited.
Future Plans
To expand our operations in the Middle East and Taiwan
- Intend to expand our distribution network in the Middle East to tap on the increased demand for commercial and industrial doors
- Plans for our Taiwan subsidiary to set up its own manufacturing facilities when its business ramps up
To enhance our production and installation capability
- Intend to purchase new machinery and equipment to increase our production efficiency and/or increase our existing capability
To continue to focus on our product development efforts
- To focus on works with higher technical complexities as we believe that, going forward, there will be an increasing demand for higher performance, specialised or regulated door and shutter systems
- Aim to improve on and expand our existing product range