What are the challenges faced by EPC companies?
Due to the current economic climate, we are seeing increased competition from a greater number of contractors in the EPC business. This will clearly result in greater price pressure. We are, however, confident that with our experience and reputation, coupled with the various initiatives that have been implemented, we will be in a strong position to effectively compete in this changed environment. Did you adopt any strategy to ward off the challenging conditions? Yes, we have implemented a number of initiatives to address the challenging conditions created by the current market situation. These initiatives include many efficiency improvements in the areas of organisation, procurement, plant and human resources. This will help the company to make significant cost savings, which the company hopes to achieve during this year. Also, AHEC further strengthened its reputation for quality by securing authorisation from the American Society of Mechanical Engineers (ASME) for the use of ‘S’ and ‘
