The electronics manufacturing services (EMS) sector in Malaysia has seen mixed performance in 2024 despite being part of the broader tech upcycle, with rising costs, inflation, and supply chain disruptions offsetting growth from increased global demand and outsourcing trends. Key EMS Performances Winners : SKP Resources Bhd (+76% YTD) V.S. Industry Bhd (+47% YTD) NationGate Holdings Bhd (+51% YTD) P.I.E. Industrial Bhd (+29% YTD) Strugglers : ATA IMS Bhd (-8% YTD) JHM Consolidation Bhd (-36% YTD) Growth Drivers and Challenges Diversification Opportunities : The China+1 and Taiwan+1 strategies have positioned Malaysian EMS players to gain market share. However, reliance on major customers, such as Dyson, continues to be a concern. Cost Pressures : High inflation and production costs have affected profit margins. Company Highlights SKP Resources : Recorded a 27% y-o-y net profit increase , benefiting from a recovery in consumer demand. V.S. Indust...
Brunei LNG announced it has initiated the safe startup of its liquefied natural gas (LNG) facility following an "operational upset" earlier this week. The startup process will continue until further notice.
Current Status
- Controlled Flaring and Noise: The company has assured the public that visible flaring and elevated noise levels are part of the controlled and expected recovery process.
- Safety Priority: Designated internal teams are focused on ensuring the safe restart of operations at the facility.
Incident Overview
- On Wednesday, Brunei LNG reported managing an “operational upset” at its plant in the Belait District.
- Details of the cause and nature of the disruption, as well as the exact timeline for full recovery, were not disclosed.
About Brunei LNG
- Ownership:
- 50% owned by the Government of Brunei.
- Remaining 50% equally shared by Mitsubishi Corp (Japan) and Shell.
- Capacity: The LNG plant has an annual capacity of 7.2 million metric tonnes.
This event highlights the critical role of Brunei LNG in the region's energy supply chain and underscores the company's commitment to safety and operational stability during recovery efforts.
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