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Getting back on track

As Midas recovers with China's railway sector, it is diversifying to mitigate risks, reports CAI HAOXIANG

The Midas touch: CEO Patrick Chew says he's expanding Midas's core business of making aluminium components for train cars beyond China into Europe. Earlier this year, the company even won a contract to make Singapore MRT car bodies. It is innovating by prefabricating ready-made parts instead of simply supplying aluminium profiles. - PHOTO: ARTHUR LEE

MIDAS Holdings' recovery, which has been brewing for some time, is finally showing on its accounts. "Our third quarter results were respectable. It's very clear that there has been a turnaround. The worst is over," states CEO Patrick Chew unequivocally in an interview with The Business Times