The company intends to focus on technology diversification, market diversification as well as local and overseas expansion. This includes developing new products such as ultra-violet coated and water based paints and inks, diversifying into new markets such as military, aviation and marine sectors, and expanding business operations into other countries such as China, Mexico and Hungary over the next 5 years. Risk Factors Competition exists both domestically and overseas. Just 4 shareholders will control nearly three-quarters of the company stock. There are business risks associated with Malaysia and Indonesia investors should become familiar with.
Octagon has no long-term contracts with either customers or suppliers.
Their raw materials are inflammatory. Dependence on key employees. Foreign currency exchange risks. The Octagon Group is involved in the manufacture and trading of customized industrial paints, inks, and chemical products which is categorized under the industrial paints and coatings sector. They face competition from local and foreign competitors.