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| Malaysian Major 'Scomi Group' to Spearhead Expansion in Emerging Markets |
| Announcement / Corporate Sep 24, 2009, 20:13 IST |
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Group’s new company Scomi International to focus on India, China and Gulf and Brazil.
Scomi Group, a global technology enterprise involved in oilfield services,public transportation and marine services, announced the formation of Scomi International Pte Ltd and the appointment of Kanesan Veluppillai as the President.
The new business division of the Group whose mandate will be to pursue growth opportunities in emerging markets of Brazil, China, India, the Gulf States and Indonesia.
Scomi International will have the resources and reach to accelerate Scomi’s continued growth as a world-leading manufacturer of innovative transportation solutions especially in Monorail systems. Besides that, Scomi International will also be establishing commercial alliances and representations of leading products and technologies from emerging markets for worldwide distribution.
“Scomi International will leverage on Scomi’s global presence in 68 locations across 33 countries to drive the Group’s globalization efforts to the next phase. Demand for our expertise and technology, such as monorail systems and other rail based turnkey solutions will increase in line with the rapid urbanization of these regions and the rise in the standard of living of local communities.” said Scomi Group’s Chief Executive Officer, Shah Hakim Zain.
“We are confident with the experienced team in place; Scomi International will meet the customer’s needs by providing innovative solutions and world-class products. With the creation of the international business division, Scomi is better positioned and more focused to take advantage of the opportunities for growth in the emerging markets” continued Shah Hakim.
The appointment of Kanesan Veluppillai as President of Scomi International is effective immediately. In his new role, Kanesan will be leading the Group’s global marketing efforts by adapting global products to fit local market requirements for example with its monorail technology SUTRA.
In his previous position in Scomi as Senior Vice President of Global Marketing, Kanesan had successfully led the Group’s global marketing efforts in India where Scomi was awarded the country’s first monorail project in Mumbai. In addition to India, he has also been actively involved in developing the business in other core markets such as Brazil and the Gulf States.
With more than 25 years experience, Kanesan has been involved in the automotive and financial services sectors with key appointments at Credit Corporation (Malaysia) Bhd, DRB-HICOM Berhad and RHB Capital Berhad.
About Scomi
The Scomi Group which is listed on the Main Market of Bursa Malaysia Securities Bhd, is a global technology enterprise involved in oilfield services, public transportation and marine services. The Scomi Group has almost 50 years of experience in the industry servicing numerous local and multinational customers in Asia, Europe, Africa, Middle East and Americas. It employs over 5,000 people worldwide with businesses spanning across the globe from 68 locations in 33 countries.
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