Kontena Nasional upbeat on growth

Source From (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/KN28/Article/

Published: on 29 March 2012
By Cheryl Yvonne Achu

KUALA LUMPUR: Kontena Nasional Bhd, a container haulier and logistics services provider, expects turnover to grow up to 18 per cent this year.

Its chief executive officer (CEO) Hood Osman said the company is the largest container haulier in the country and will grow to become the largest total logistics services provider.

"We aim to achieve 15 to 18 per cent growth in revenue," he said, noting that the targeted growth will mainly be driven organically and by new businesses.

In 2010, Kontena Nasional recorded a turnover of RM203 million.

Speaking at a media luncheon here yesterday, Hood said the company is currently in talks withPerbadanan Usahawan Nasional Bhd (PUNB) on products that PUNB and its beneficiaries would be able to use.

"We are currently compiling data and analysing them, in regard to PUNB's requirement, and hope that the collaboration will begin by May," he said.

This year, Hood said, Kontena Nasional expects its haulage and subsidiaries' businesses to maintain a contribution of about RM80 million to RM90 million to the group's revenue.

On redevelopment and rebranding, he said the company aims to get more involved with retailers to help make its brand a household name.

Kontena Nasional's regional expansion would help strengthen Malaysia's quest to become a regional logistics hub, be it in the halal logistics or conventional business, he added

Currently, it has an extensive fleet of 500 prime movers, 2,400 trailers, 17 branches, 19 warehouses and a workforce of 1,500 employees.

Kontena Nasional is a unit of Permodalan Nasional Bhd.