FSBM secures exclusive distributorship from Taiwan-based T-Parus Trading after partnering Unitrade

FSBM Holdings Bhd has secured exclusive distribution rights for voltage sag protectors (VSP) from Taiwan-based T-Parus Trading Co Ltd after the inking of a collaboration agreement between its wholly owned subsidiary FSBM MES Elite Sdn Bhd and Syarikat Logam Unitrade Sdn Bhd, a subsidiary of ACE Market-listed Unitrade Industries Bhd.

These developments were unveiled at a signing ceremony held in conjunction with the launch of SEMICON Southeast Asia 2024, Malaysia’s largest semiconductor exhibition to-date.

FSBM’s collaboration with Unitrade aims to enhance the former’s market access and product integration for energy-efficient solutions. The collaboration also seeks to expand the market reach of VSP and energy-saving compressors to commercial and industrial customers across Southeast Asia.

“The Fourth Industrial Revolution or Industry 4.0 is characterised by real-time data connectivity, AI (artificial intelligence), the Internet of Things (IoT) and smart factory solutions,” commented FSBM’s executive director Pang Kiew Kun (main image, left).

“These disruptive trends are transforming manufacturing, enabling companies to stay ahead of the curve and achieve their strategic objectives. FSBM’s offerings are integral to this revolution as they are intended to create highly efficient, interconnected and adaptive manufacturing environments.”

By combining its strengths and resources with Unitrade, Pang expects FSBM to be able to deliver enhanced value to its customers by capitalising on the growing demand for innovative solutions and products in Southeast Asia.

“We expect this collaboration to enhance our recurring revenue streams and contribute positively to FSBM’s future earnings,” he projected. “FSBM remains committed to leading the technological revolution in the semiconductor industry.”

In this regard, Pang expects the group’s partnership with T-Parus to enable FSBM to provide top-tier VSP solutions that are designed with top-tier solutions to mitigate voltage sags, save energy and support ESG (environment, social and governance) initiatives by protecting equipment and reducing operational downtime.

“Furthermore, our company remains committed to seeking new opportunities and expanding our collaboration with new and strategic technology partners, including companies from China and Singapore,” enthused Pang.

“We hope to bring in suitable supporting equipment for both semiconductor front-end and back-end manufacturing processes in line with the Madani government’s ambition to position Malaysia’s semiconductor industry to move up the value chain.”

At the close of today’s trading, FSBM was down 3 sen or 7.14% to 39 sen with 3.41 million shares traded, thus valuing the company at RM190 mil. – May 29, 2024

Subscribe and get top news delivered to your Inbox everyday for FREE