Goodway Anticipates a Profitable 2009
Following a net loss of Rm 12.8 million (£2.2 million) in 2008, Malaysia’s Goodway Integrated Industries anticipates returning into the black this year thanks to increasing demand and weaker raw material prices. Following the company’s annual general meeting on June 23, company CEO Tai Boon Wee told the Kuala Lumpur based Business Times that “yes, we will definitely see profit this year. Orders have been picking up since the second quarter of this year and our third quarter [performance] is showing better business and profit.”
In preparation for better times the retreader and compound supplier is placing an emphasis upon export market expansion – Brazil and Turkey are two locations named as upcoming recipients of extra attention.