Eneco Energy is set to embark on an exciting journey with Ang Jun Long at the helm as the new executive director. Under his leadership, the company is gearing up to broaden its horizons while staying true to its roots. Ang envisions a future where Eneco boasts a well-rounded portfolio of continually profitable ventures, enhancing shareholder value. “We aim to cultivate a diversified mix of businesses that not only generate strong cash flow but also provide opportunities for optimisation and growth,” he explains.
To give a competitive boost to RichLand Logistics Services, which is part of the Eneco Group, there’s a strategic plan to acquire a dedicated warehouse. This move hopes to slam down on costs, secure long-term customer commitments, and improve service efficiency. By utilizing their fleet of roughly 150 vehicles more effectively—potentially through leasing agreements—they aim to secure ongoing revenue and drive down expenses. The strategy is to deepen their foothold in logistics, supplementing their core strength as specialists in airport cargo operations.
But Eneco’s ambitions don’t stop there. The company is also intent on stepping into new sectors and territories through strategic mergers and acquisitions. By banking on Ang’s team and their wealth of expertise, the strategy seeks to enhance its market footprint and capture untapped opportunities.
