The company said the growth was driven by continued investment in research and development, enhanced technological competitiveness, and a strategy focused on expanding into global markets. It highlighted the development of innovative technologies―especially PT sensors―as a key differentiator that helped M2N gain a competitive edge in its industry.
M2N added that global supply chain disruptions and rising import costs have led many of its major domestic clients to pursue localization of components previously sourced from overseas, a shift expected to drive further sales growth in the domestic market.
Building on this momentum, the company plans to ramp up overseas expansion. Its first move will be to launch operations in India by leveraging the production facilities and sales network of its Indonesian subsidiary. India, which has posted an average GDP growth rate of more than 7%, is seeing rapid development in its home appliance and automotive sectors, fueling intensified competition among global players.
M2N has designated India as a key hub for its international business and plans to expand into Southeast Asia, including China, in a phased approach.
The company is also actively exploring new business areas based on thermal management technology developed by its automotive division. M2N said it will focus on securing new growth engines in response to rising global demand for high-efficiency cooling solutions, especially in the data center and high-performance computing (HPC) sectors.
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