$SKBSHUT / 7115 (SKB SHUTTERS CORPORATION BERHAD): Growing Alongside the Industrial and Logistics Sectors
Here are several factors that could position SKBSHUT well in the coming quarters:
馃搶 Potential Growth in Demand for Roller Shutters
With the emergence of large infrastructure and real estate projects in Malaysia, the demand for roller shutters is expected to rise. SKBSHUT, with its extensive experience and diverse product line in manufacturing roller shutters for industrial, commercial, and residential use, is poised to benefit. These doors provide security and feature soundproofing and fire resistance, making them attractive for new projects.
馃搶 Market Demand for Storage Racking Systems
The construction of large warehouses, logistics centers, and commercial buildings will significantly increase the need for efficient storage racking systems. SKBSHUT offers a variety of storage racking systems, including light, medium, and heavy-duty options, catering to different storage requirements. With the logistics and warehousing industry's growth, SKBSHUT is likely to find new opportunities in this sector.
馃搶 Prospects for High-Speed Doors
The demand for high-speed doors in parking lots, logistics centers, and industrial areas is gradually increasing. These environments need doors that can frequently open and close to improve efficiency and security. SKBSHUT's high-speed door products meet these needs and play a crucial role in related projects. The ongoing development in the logistics industry is expected to expand the high-speed door market, offering more business opportunities for the company.
馃搶 Potential Demand for Steel Doors
Industrial and fire doors are essential in large construction projects. SKBSHUT manufactures various steel doors, including industrial and fire doors, to meet these projects' specific needs. As the government promotes infrastructure construction, the demand for steel doors is expected to rise, providing new growth opportunities for SKBSHUT.
In November 2022, SKBSHUT signed a contract with $ECOWLD / 8206 (ECO WORLD DEVELOPMENT GROUP BERHAD) to acquire industrial land in the Eco Business Park V (9.81 acres) for RM35.97 million, aiming to build a new manufacturing plant to meet market demands. Managing Director Sin Siew Huey stated that SKBSHUT plans to move into the new plant in 2025. The new facility will feature fully automated production lines and optimized energy and production processes. Additionally, the plant will operate as a green building, incorporating rainwater harvesting for recycling and solar equipment to save energy and reduce carbon emissions.