SMEs can benefit from GE Energy’s regional buy

Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/7/12/business/11647345&sec=business

Published: July 12, 2012

KUALA LUMPUR: Local small and medium enterprises (SMEs) will have the opportunity to tap into GE Energy’s US$250mil regional procurement in the oil and gas sector this year.

GE Energy country executive Pahmi Mokhtar said the company was actively looking at the Asean region now, including Malaysia, to tap into the local SMEs’ expertise and know-how in the sector.

“In Asean, we are looking at US$250mil a year for oil and gas procurement, that’s the size of the cake.

“In Malaysia, we are just starting. We’ve been doing quite a bit of procurement in the past to support our contracts in the country. But what we are talking today is a little bit different, more to regional procurement and I think we are looking at Malaysia as one of our suppliers,” he told reporters after the opening of a seminar on business opportunities in oil and gas with GE Malaysia yesterday.

The seminar, hosted by the Malaysia External Trade Development Corporation, was also attended by the national trade promotion agency’s chief executive officer Dr Wong Lai Sum.

Asked on the procurement size that SMEs can tap into, he said: “We’ve to see. We’re just doing the starting up of looking into the region more closely.” — Bernama