SINGAPORE (June 3): As Batu Pahat-based garment maker KTMG starts trading on SGX Catalist, it is eyeing spillover business opportunities arising from the trade war between the US and China.
The company may win orders previously given to plants in China by US-based customers. “People are thinking of leaving China and want their goods produced outside China, like in Southeast Asia, where we have facilities in Cambodia and Malaysia,” says KTMG CEO Damien Lim Vhe Kai in an interview with The Edge Singapore.
“We’re trying to be an industry player in the region because people are moving out of China. I think [the next two to three years] is the best time for us to tap that,” he adds. He estimates that the US currently imports 50% of its apparel from China.