Twin business model strategy upholds GSS Energy’s growth potential
Established in 1979 as Giken Sakata, the Singapore Exchange-listed company serves mostly tier 1 clients from the consumer electronics, automotive, medical, industrial and gaming industries through its various subsidiaries
Foresight and diversity have always encompassed GSS Energy’s business strategies. Comprising two business divisions, the company has anticipated the needs of oil and gas majors and original equipment manufacturers while its dual-pronged approach has
been instrumental in managing challenging times.
As a result, GSS Energy can efficiently serve the latest demands of leading players in the oil and gas and precision engineering sectors today.
“We try to align ourselves internally, foreseeing what the customers will need in the future,” says Sydney Yeung, GSS Energy group CEO. “From manpower and recruiting to manufacturing areas, we invest in the proper machinery to potentially serve a new product or segment.”
GSS Energy’s growth potential in the oil and gas sector is upheld by its operation cooperation contract or Kontrak Kerja Sama Operasi project in the Trembul area in central Java, Indonesia. The Trembul agreement was signed in November last year.
Operating on a cost-recovery regime, GSS Energy continues to exercise prudence in its activities ensuring its drilling, production and lifting costs are kept to a minimum. The company has also cultivated good relationships with related parties to understand the area’s policies and environment, and to ensure compliance with local laws and requirements.
