Malaysia’s leading armoured vehicle maker DRB-Hicom Defence Technologies Sdn Bhd (DefTech) is in talks about new projects with the relevant authorities in Myanmar, a top company official said.
The company is also finalising a deal with the Cambodian government for a new maintenance, repair and overhaul (MRO) contract for T-55 tanks, chief executive officer Amril Samsudin told Malaysia’s national news agency Bernama.
The project, which has an estimated worth of $50-$60 million for a five-year period, was set to commence by October, he said on the sidelines of the Defence Services Asia Exhibition and Conference 2014 (DSA 2014).
DefTech was also in talks with the authorities in Myanmar for similar MRO contracts, he added.
Another Malaysia defence firm Sapura Secured Technologies Sdn Bhd is also reportedly planning to make an overseas foray this year.
Another firm Zetro Aerospace Corporation Sdn Bhd has set its sights closer to Malaysia, eyeing ASEAN countries such as Indonesia, Thailand and Brunei for a further growth, Bernama reported.
The four-day biennial DSA 2014 ushered in a total of 33,544 trade visitors from 77 countries and regions, up from 26,980 two years ago. A total of 1,000 companies from 60 countries flaunted their latest offerings at the exposition this year.
Resource from Myanmar First Bilingual Business Journal May 1,2014