SPECIALTY pole maker Mestron Holdings Bhd has entered into a supply agreement with Tamaco Pole Manufacturing Pte, a leading Singaporean steel pole and column manufacturer, for a purchase order for various products amounting to S$1.5 mil (RM5.3 mil).
Tamaco Pole is Singapore’s leading steel pole and column manufacturer with more than 40 years of track record. It is involved in supplying lighting steel pole-related business and consultancy advisory services based in Singapore.
The deal underscores Mestron’s commitment to regional growth while diversifying its reliance on the Malaysian market and responding to the increasing demand for its innovative product range.
“Partnering with an established leader like Tamaco Pole marks a significant milestone for Mestron in terms of our regional expansion goals,” commented Mestron’s managing director Por Teong Eng.
“This collaboration is a strategic move to diversify our market reach beyond Malaysia and make inroads into the thriving Singaporean market, capitalising on the rising demand for high-quality, innovative steel pole solutions.”
More broadly, the supply agreement also represents a renewed partnership between Mestron and Tamaco Pole after the successful supply agreement that was signed in December 2022.
The agreement further underscored both companies’ commitment to fostering long-term relationships and the consistent demand for Mestron’s high-quality product offerings in the region.
“Our initial collaboration with Tamaco Pole last year has laid the foundation for a partnership based on mutual growth, innovation, and commitment to quality,” justified Por.
“The reaffirmation of our alliance speaks volumes about our product quality, client satisfaction and our increasing influence in regional markets. It is a promising indicator of potential repeat business that is beneficial not just for us but for our valued customers.”
At the close of today’s trading, Mestron was down 1 sen or 2.11% to 46.5 sen with 12.75 million shares traded, thus valuing the company at RM463 mil. – Oct 25, 2023