Prestar sees 10pc annual growth next 3 years
Prestar Marketing Sdn Bhd, a company involved in warehousing and logistics, is confident of achieving a sustained 10 per cent annual growth over the next three years.
This would be in line with the expected double-digit growth for the industry as a whole.
The company secured an annual turnover of RM55 million and RM60 million respectively for the past two years.
In a statement today, its chief executive officer Sunny Toh said the projected growth would be aligned with an increased demand for better and more efficient warehousing solutions, storage systems and material handling equipment, by the industrial sector to boost productivity.
"The growth potential for the Malaysian logistics and transport industry will remain strong as the country's economic transformation continues to develop towards the next level for it to become the regional trade and logistics hub.
"Malaysia can be the regional logistics hub due to its central
"But the government should leverage on Malaysia's halal expertise to maximise this advantage by developing the logistics infrastucture," he added.-- Bernama