MegaChem stands at a turning point
The firm hopes to expand its outreach beyond multinational corporations to small and medium enterprises.
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SPECIALTY chemicals company MegaChem is standing at a critical juncture.
The stock price is now a shadow of its former self. It has been trading at around S$0.35 for the past few weeks, a far cry from the roughly S$0.64 it traded at just after its debut on the Singapore Exchange in October 2003. But that has not dampened the spirits of its founder and managing director Sidney Chew.
The stock performance could be better, and the industry is facing stiffer competition from China and India as well as Western companies that are expanding east, Mr Chew says in an interview with The Business Times. But he is still optimistic about MegaChem's prospects and the opportunities in Asia's chemical industry.
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