Tay Kiat Seng, Memiontec

Tay Kiat Seng, Memiontec

Tay Kiat Seng

20 June 2023
Under the Radar: Memiontec’s CEO on the growth of the global water treatment technologies market; On diversifying into financing, operating and maintaining plants; S$113m order book; Venture into Vietnam and reliance on Indonesia and overseas markets; Reaching S$500m market capitalisation
Water is an essential part of our lives, but ever wondered who are the ones behind the clean water we use and drink everyday?
Our guest for today is Memiontec, a Catalist-listed water treatment company that designs and builds systems and water treatment plants in countries such as Singapore, Indonesia and China.
Recently, the company also moved into financing, operating and maintaining plants and selling their treated water. But what was the reason behind the firm diversifying its revenue streams?
Meanwhile, Memiontec clinched its largest contract worth S$56.6 million to install equipment for the Changi Water Reclamation Plant last year and started expanding to Vietnam. But what do the developments mean for the firm’s balance sheet?
Also, the company intends to achieve a market capitalisation of S$500 million by 2026, up from the S$132 million when it was listed on the Catalist board in 2020, but how does it intend to do so?
On Under the Radar, finance presenter Chua Tian Tian sat down with Tay Kiat Seng, CEO, Memiontec for more.

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Listen to his previous podcasts:

7 July 2021
Mind Your Business: Opportunities Memiontec see with the rising ESG trend
Despite the ongoing Covid-19 pandemic, governments and investors have renewed their focus on climate change leading to a growing trend of ESG investments. Tay Kiat Seng, Chairman and CEO, Memiontec, talks about how a company like Memiontec is seeing opportunities with the rising ESG trend.

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