Puchong: Dpstar Group is a company with 30 years of experience in end-to-end measurement, engineering, electrical, automation, process control, calibration and thermal solutions, and aims to be listed on Bursa Malaysia by 2026.
Dpstar group CEO Ken Lim said the proceeds from the listing will be used to invest in new manufacturing and automation equipment, expand factory capacity, improve the calibration business and expand ABB’s low voltage and appliances products.
“We will use the funds for capital investment to increase our capacity, scope and capability. This will enable us to expand our services to cover a wider range of industries and provide more types of services,” Mr Lim said. SunBiz In an exclusive interview.
He revealed that Dpstar plans to buy an office in Johor. “Currently it is on lease. We plan to buy the office, renovate it and build an office and workshop there,” he said.
Furthermore, Lim said the company plans to set up offices and facilities on the east coast and in Sabah and Sarawak.
“Dpstar plans to expand overseas, especially to Singapore, Indonesia, Vietnam and other Southeast Asian countries, and similar regions,” he added.
Lim said having a larger balance sheet, bigger capital and bigger reserves would enable the company to bid for bigger contracts, bigger projects and more value-added activities.
“This includes larger contracts for electrical instrumentation, engineering, process control automation, instrumentation and other related areas,” he said, adding that the company has a wide presence across Malaysia with offices in Kuala Lumpur, Penang, Johor and Singapore, as well as work-from-home sales engineers in Perak, Melaka, Negeri Sembilan and the east coast.
“The company also has operations in East Malaysia (Sabah and Sarawak) and an associated office in Ho Chi Minh City, Vietnam.”
Lim said Dpstar is aligning its strategy with rapidly developing industry and government initiatives, such as the National Energy Transition Roadmap, the National Semiconductor Strategy and the Digitalisation Plan.
“We are focusing on areas such as data centres, semiconductor manufacturing, advanced packaging technologies and renewable energy such as biogas, biomass and hydropower. We are also exploring opportunities from global trends such as the shift in manufacturing investment from China which will benefit Malaysia.”
Lim said Dpstar has achieved great success in the data centre sector.
“We are experiencing rapid growth in the data center sector, with growth rates of 400-500 percent. We are currently working on multiple data center projects. We have been awarded contracts as a design-build contractor, as a vendor, and to provide solutions and engineering applications for customers,” he said.
Lim further said Dpstar’s acquisition of Intellect Electrical Supplies makes it the largest partner of ABB, a major player in the electrical products market in Malaysia.
“ABB is a global leader in electrical products and as our largest partner in Malaysia, we dominate the low voltage and electrification market. We are focused on expanding this partnership, increasing our market share and exploring M&A opportunities to strengthen our capabilities.”
Lim said Dpstar recorded revenue of RM140 million last year from sectors diversified including semiconductors, data centres, general industry and electrical engineering.
