Haeruek is seeking for income diversification through expansion into manufacturing business
In order to diversify our businesses, we have been continuously looking for opportunities to invest in manufacturing businesses. As a result, we have made an investment into an Uzbeklocal chemical product manufacturer in 2019. We plan to expand this business considering the upside market potential in that segment in Uzbekistan. Apart from chemical sector, we are also looking into other manufacturing businesses in other segments and we will make investments after careful study and analysis of the market.
Through our investments in manufacturing business, we expect to diversify our revenue and income structure to reduce our concentration in trading business which is more sensitive to geopolitical circumstances.