Currently Boilerm is the 4th largest stock in Ace Market, after YTLE, GDEX and BAHVEST
Palm oil mill owners are Boilermech's main customers.
In July 2007, it made a 130-tonne per hour biomass boiler - its largest to date - for a sugar mill in Lampung, Indonesia, that belongs to a unit of billionaire Robert Kuok's PPB Group Bhd. The Boilers are very big. That one was seven storeys high and took at least four months to install on site. All in, the process took about 1.5 years for the RM6.8m contract.
The smaller boilers process 10 tonnes per hour.
Glove makers are also buying biomass boilers to cut energy costs as the price of gas rises.
PPB associate Wilmar International Lted, Kuala Lumpur Kepong Bhd, Tradewinds Plantation Bhd and Sime Darby Bhd continue to be among Boilermech's notable customers.
The Group's production capacity is set to rise from 5 boilers to at least 8 per month by August and 10 per month by year-end with the acquisition of an adjacent facility in Taman Perindustrian Subang. This capacity should be sufficient for the coming 2 to 3 years. He does not rule not the possibility of additional production space being acquired should strategic assets become available.
The Edge 25 March 2013