Tex­chem to fo­cus on grow­ing F&B di­vi­sions

The Star Malaysia - StarBiz - - News -

GE­ORGE TOWN: Tex­chem Re­sources Bhd will fo­cus on driv­ing growth for its food and restau­rant di­vi­sions un­der the helm of its new pres­i­dent and chief ex­ec­u­tive of­fi­cer Yap Kee Keong.

Group ex­ec­u­tive chair­man Tan Sri Fu­mi­hiko Kon­ishi ( pic) told Star­Biz that from 2012 till 2017, the group was re­con­sol­i­dat­ing its op­er­a­tions un­der the lead­er­ship of Datuk Brian Tan, who was then pres­i­dent and CEO. Tan is now the group’s deputy chair­man. “The group’s new busi­ness di­rec­tion is to change the fo­cus of the food di­vi­sion to aqua­cul­ture farm­ing.

“One of our busi­ness plans is to do hy­brid-garoupa farm­ing in Pu­lau Jere­jak. Cur­rently, we have bar­ra­mundi and soft-shell crab farm­ing in Myan­mar,” he said.

Kon­ishi said the food di­vi­sion would be sup­ported by up­stream busi­ness for sus­tain­able growth.

“The seafood from aqua­cul­ture farm­ing will be turned into value-added prod­ucts for ex­port to global mar­kets,” he added.

For its restau­rant di­vi­sion, Tex­chem will spend about RM80mil to open 80 new Sushi King out­lets in the coun­try un­til 2021, ac­cord­ing to Kon­ishi.

“The restau­rant di­vi­sion will con­tinue to fo­cus on grow­ing our brand eq­uity to boost mar­ket share as well as as ex­pan­sion via new con­cept restau­rants in Malaysia and Asean,” he said.

Both the food and restau­rant di­vi­sions gen- er­ate about 45% of the group’s rev­enue.

For its poly­mer en­gi­neer­ing di­vi­sion, ef­forts will be chan­nelled to key growth driv­ers par­tic­u­larly in hard-disk drive, med­i­cal and life sciences as well as semi­con­duc­tor seg­ments, apart from ex­plor­ing new op­por­tu­ni­ties in other ar­eas.

“The in­dus­trial di­vi­sion will con­tinue to be the re­gional leader in Asean in the sales and dis­tri­bu­tion of in­dus­trial raw ma­te­ri­als and ad­di­tives.

“This will be achieved by fo­cus­ing on geo­graph­i­cal ex­pan­sion, key mar­ket re­silient in­dus­tries, ex­pan­sion as well as di­ver­si­fi­ca­tion of both chem­i­cal and non-chem­i­cal-based prod­ucts,” Kon­ishi added.

Both the poly­mer en­gi­neer­ing and in­dus­trial di­vi­sions con­trib­ute 15% and 40%, re­spec­tively, to the group’s rev­enue.

By DAVID TAN david­tan@thes­tar.com.my

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