PETALING JAYA: Uzma Engineering Sdn Bhd, a wholly owned subsidiary of Malaysian energy and technology solutions provider Uzma Bhd, has signed a memora.
Uzma banks on two strategies to drive business thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR: Oil and gas contractor Uzma Bhd is banking on two strategies to drive the group forward in terms of operations and profitability amid the volatility in the oil and gas industry.
Managing director/chief executive officer Datuk Kamarul Redzuan Muhamed said oil and gas would remain as the company’s core business, but the group would need to increase resilience and operate differently. When I said differently, sometimes there are places that we bid our tenders, it is always technically acceptable but (offers the) cheapest (solutions), we probably do not want to participate in those businesses. We believe that certain capabilities that we have require some premiums, so we will participate in the areas that we feel require some premiums, he said.