From fire prevention to green energy. Fitters Diversified (Fitters) ispredominantly engaged in fire prevention & protection business. While profitable and cash-generative, this bread-and-butter business is unable to take Fitters to a higher level due to its muted growth prospects. Realising the need to explore new growth areas to create new shareholder value, Fitters about 2-3 years ago already identified green energy as the way forward for the company. Since then, via 83%-owned unit Future NRG, it has identified and secured rights to the biomass/plasma gasification technology.
Fitters Diversified Berhad : “Foetus” Of A Green Revolution - 30/07/2010
No comments:
Post a Comment