KUALA LUMPUR: South Korea's Doosan Infracore Co Ltd (DICL) has extended Wah Seong Corp Bhd (WSC) 60 per cent unit WDG Resources Sdn Bhd heavy machinery distributorship from Peninsular Malaysia to include Sabah and Sarawak.
"This marks our serious foray into Sabah and Sarawak for the construction industry, following our parent company's track record in the gas pipelines from Kimanis to Bintulu previously," WSC industrial trading and services division chief executive officer Goh Eng Hooi said.
He said as at end-2018, his team captured 5 per cent share of Malaysia's heavy machinery annual market of 2,315 units.
WDG Resources, today, inked an exclusive nationwide distributorship agreement with DICL for two years until end-2020.
Also present at the signing ceremony were WSC managing director Chan Cheu Leong, WDG Resources vice president Danny Ang Cha Sen, WDG senior general manager Chan Wei Keat, DICL vice president of sales and marketing Chris Jeong Kwan Hee, DICL Asia & Ocenia sales general manager Edward Chung and DICL regional manager of Malaysia SB Cheon.
Apart from Doosan's heavy machinery, WDG Resources also distributes Mitsubishi's diesel generator sets.
WDG Resources, in 2017 and 2018, was just distributing Doosan's heavy machinery, such as excavators, wheel loaders and dump trucks, in Peninsula Malaysia.
DICL's Jeong said today’s partnership extension with WDG Resources will further raise the profile of Doosan brand name in Malaysia.
“We're confident of capturing 10 per cent market share of Malaysia's annual market of 2,400 units by 2020, following this nationwide distributorship with WDG Resources," Jeong said.
DICL will invest in new branch offices across Kota Kinabalu and Kuching, which will hire more Malaysians in high skilled jobs.
Goh said the multiplier effects of WDG Resources' new investments in Sabah and Sarawak will also indirectly benefit businesses selling quarry and and other construction raw materials there.
DICL was established as CHO SUN Machine Works in 1937. DICL's global reach intensified when it acquired the BOBCAT brand in 2015.
South Korea's President Moon Jae-in, during his official visit here last week welcomed Malaysia's Prime Minister Tun Dr Mahathir Mohamad's Look East Policy 2.0 as complementing the New Southern Policy in a harmonious way.
In view of complementing policies between the two leaders, Jeong said DICL sees good potential in Malaysia's construction market.