Building & Investment (May - Jun 2016) (May - Jun 2016) | Page 19

Special Feature Project reference - Kuala Lumpur Convention Centre, Kuala Lumpur. surplus in supply will, we think, continue for several years. Mainland China’s economy is not so vibrant and, with their large production of steel not being consumed, they have resorted to export to other countries, including Southeast Asia. The market now is very competitive, a challenging situation for us to tolerate, which also means that we should have to do some thinking. Recently, the price of steel is moving up and it’s uncertain how long this sudden price increase will last although there is some shortage in the market. Firstly, our strategy is that, even in a period of price fluctuation, quality will be one of the key factors in the market and we believe that good quality products are an added advantage for the business we are in. No matter how the economic/market condition changed, product quality is always our top priority – that is our commitment. Secondly, we have to enhance our relationship with our customers, to work together with them and to satisfy their requirements - their needs are our motivation to go forward. The third plan is to supply higher grade and value-added products for the steel-related industries, in order to further strengthen the supply chain in Malaysia. Another direction we are undertaking Project reference - Universiti Teknikal Malaysia (UTeM), Melaka. right now is eco-friendly products that are more durable than normal products. We will continue to develop more value-added, as well as environmental friendly products to cater to different market needs. As the Government is promoting a ‘greener’ Malaysia and CIDB is also emphasising standards for green buildings, we are similarly committed with our products that carry SIRIM Eco-Label endorsement and MyHijau certification. B & I:  CSC’s performance over the years has been impressive except for the unprecedented downturn in 2014. Would you care to comment on this? CSC:  2014 was another tough year for us after the financial crisis in 2008 with the imbalance of demand and supply globally, coupled with the slow growth pace of major economies such as China and US. One reason Building & Investment  | www.b-i.biz 15