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NewsUpdate Next generation Yeoh to expand YTL cement biz in Indonesia, Myanmar, Vietnam
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Update Next generation Yeoh to expand YTL cement biz in Indonesia, Myanmar, Vietnam
by Cals Wed 04 Jun 2014, 02:57
| Update Next generation Yeoh to expand YTL cement biz in Indonesia, Myanmar, Vietnam |
| Business & Markets 2014 |
| Written by Jeffrey Tan of theedgemalaysia.com |
| Tuesday, 03 June 2014 13:51 KUALA LUMPUR (June 3): The next generation Yeoh family will expand YTL's cement business in Indonesia, Myanmar and Vietnam, said Tan Sri Francis Yeoh, the managing director of YTL Group of Companies. "We would like to expand our cement business now with the next generation — my son who attends the University of Cambridge — and my brother," he said at the seventh series of the Global Malaysia Series today. "They are very entrepreneurial," he added. Yeoh said YTL had established 'small footprints' in Indonesia, Myanmar and Vietnam from which to expand its reach in the cement business. Noting that the cement industry is a cyclical business, Yeoh said YTL is now the second largest firm within the industry in Malaysia and the most profitable. YTL is "doing well" because it is able to build cement plants at lower capital expenditure compared to others, he said. |
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