ABB Malaysia to gain from property market recovery

SEPANG: Power and automation technology group, ABB Malaysia Sdn Bhd, expects to achieve significant growth in line with the property market recovery this year.

ABB South Asia Region Manager and Country Manager Sim Boon Kiat said the property market is expected to improve with higher number of transactions involving new housing and more construction activities.

The Malaysian property market registered transactions worth RM75.42 billion involving 337,990 properties last year  compared with 340,240 properties valued at RM88.34 billion in 2008.

He said the company's low voltage products division was eyeing a 40 per cent revenue growth this year, he said.
"It is achievable as we are expecting good demand for the newest Sace Formula range of products," he said after launching the new Sace Formula moulded-case circuit breakers for the Malaysian market.

The Sace Formula is expected to enable ABB Malaysia to achieve full-scale penetration into Malaysia's circuit-breakers and low-voltage products market, providing the impetus for the company's long-term competitiveness.
ABB Malaysia, part of ABB Group, comprises five main divisions, namely power products, power systems, discrete automation and motion, low-voltage products and process automation. -- Bernama