Westports eyes India, Indonesia, Myanmar expansion

India, Indonesia and Myanmar are interesting to expand to and one of the main reasons for Malaysia-based Westports' listing is to prepare itself for merger and acquisition activities as part of its long-term growth strategy, ceo Ruben Emir Gnanalingam was quoted as saying.

“We need to create a profile for the company in the market and that’s why we are going public. In the long run, we would definitely want to bid to be part of other ports in the region when we have reached our full capacity in Port Klang," he was quoted as saying in local media.

"Although there are no concrete plans as yet, we are very interested in India,” he said. This was because the current low level of containerisation of about 15% there meant that there would be potential for volume growth even if the market did not grow much as demand would naturally be led by the trend of switching from bulk cargoes to containers.

Gnalingam also noted that Indonesia and Myanmar also have a similar environment and would be interesting to explore.

Posted 09 July 2013

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Vincent Wee

Asia Editor, Seatrade Maritime News

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