Sarawak Cable powers up via acquisitions, diversification
The Sarawak Corridor of Renewable Energy (SCORE) is making significant progress towards becoming the state's primary economic powerhouse, shored up by heightened investments from energy-intensive industries. Playing a vital role in advancing the SCORE programme is Sarawak Cable (SCABLE), a home-grown cable manufacturer that provides a full range of power cables, wires and conductors used in the transmission and distribution of electricity.
"We have a clear target - to become a one-stop house for power solutions, offering competitive rates and just-in-time delivery," says Aaron Toh, group managing director and CEO. "This is our part in ensuring consistent supply of inexpensive power to help accelerate Sarawak's industrial growth and improve people's quality of life."
With its acquisition of Universal Cable and Leader Cable Industry, SCABLE has emerged as the leading cable manufacturer in Southeast Asia in terms of product range and revenues. Primarily serving utility companies, SCABLE has a broad array of offerings, topped by the 275kV underground high-voltage cables and TACSR (thermal resistant aluminium alloy conductors steel reinforced) conductors. The company is also renowned for its turnkey transmission line projects and specialised cables for the oil and gas, automobile, housing, and telecommunication industries.
Overseas, SCABLE sells its products via distributors and is keen on forging more of this type of partnership to expand its international customer base. It has distributors in Hong Kong, Singapore, Australia and the Middle East.
In Indonesia, SCABLE has ventured into the renewable energy segment, lured by the market's strong growth potential and supportive government initiatives. It is slated to commission its first mini-hydropower plant in north Sumatra in the first quarter of next year.
"Indonesia is our upcoming growth market and Sumatra is our first step," Toh says. "In addition to more mini-hydro projects, we aim to increase the market penetration of our cable products in the country via domestic acquisitions or strategic tie-ups with local experts. Furthermore, we are exploring opportunities to participate in transmission line projects in the country."