PBA CEO Tony Yap on Branching Out to Services Sector (The Business Times)

25 Nov 09

PBA President and CEO Mr. Tony Yap is cited on the November 10, 2009 issue of The Business Times where he shares his thoughts on branching out into the services sector.

The government is expecting the services sector to be a key economic driver next year.

Below is a quote from Mr. Tony Yap:

"Yes, PBA is branching into the service sector. We are still going to maintain in our engineering field, but instead of just trading and manufacturing, we have expanded into service sector.

In actual fact, since four years ago, we predicted an increase in demand for certain engineering services, such as spindle repair for all kind of production machines and maintenance. 'This has indeed been a company that has maintain a steady growth despite the economic recession.

During this downturn, companies are looking into cost cutting measures, hence instead of replacing parts, they are looking into ways and means of refurbishing. Our company is also expanding into the aerospace industry engineering servicing industry.

We feel that a natural progression for our company is to add value to our customers is to provide services along with the trading items that we have. Building on the good reputation that PBA has build up over the years, a vertical expansion of our company is not only supported, but encouraged by our customers."

 

Originally Published on November 10, 2009, The Business Times


THIS WEEK'S TOPIC

The government said recently that the services sector is expected to be a key economic driver next year. Is your company looking to branch out into the services sector or new services segments?

Tony Yap
President & CEO
PBA (S) Pte Ltd

YES, PBA is branching into the service sector. We are still going to maintain in our engineering field, but instead of just trading and manufacturing, we have expanded into service sector.

In actual fact, since four years ago, we predicted an increase in demand for certain engineering services, such as spindle repair for all kind of production machines and maintenance. 'This has indeed been a company that has maintain a steady growth despite the economic recession.

During this downturn, companies are looking into cost cutting measures, hence instead of replacing parts, they are looking into ways and means of refurbishing. Our company is also expanding into the aerospace industry engineering servicing industry.

We feel that a natural progression for our company is to add value to our customers is to provide services along with the trading items that we have. Building on the good reputation that PBA has build up over the years, a vertical expansion of our company is not only supported, but encouraged by our customers.