the next three years should our projects materialise

This joint venture company, of which MyLED Opto owns 33%, aims to capture more LED market share in Malaysia, and penetrate into the populous Indonesia and Sri Lanka.

Earlier, on 25 July 2012, MyLED Opto signed an agreement with two local Original Equipment Manufacturers (OEMs), HWG Consortium Sdn Bhd, a sister company within the Ho Wah Genting Group, and Wawasan Majujuta Sdn Bhd to manufacture LED lighting under the brand name of “E Bright” for domestic and international markets.

“With this collaboration, we target to secure some RM300 million in sales within the next three years should our projects materialise,” he said.

As part of MyLED Opto’s domestic marketing strategy, it has entered into sales distributorships with eight companies, namely, MEP Group International Limited, Hightech Factory Automation (M) Sdn Bhd, MyLed Sabah Sdn Bhd, FKH Jaya Sdn Bhd, Innotech Synergy Sdn Bhd, WMW Concept Sdn Bhd, Nawa Hitech Resources Sdn Bhd and Chua Trading Company Sdn Bhd.