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Electrical specialist eyes Lao market
A global specialist in energy management and electrical equipment is interested in setting up business in Laos in the near future after seeing the growth of the energy, mining and IT sectors.
Schneider Electric Thailand-Laos Ltd expects to take this step after working with Electricite du Laos (EDL) to establish world-class standards in electrical installation and energy management.
“We have seen that the Lao market is good and has potential or capacity to grow larger,” said Schneider Electric Thailand-Laos Country President, Mr. Nelson Yeap, at a memorandum of understanding (MOU) signing with EDL recently.
The company may open the representative office in Vientiane and recruit permanent staff to support local projects in Laos, according to a handout.
Mr. Nelson said what the company has to do now is work on human resources in Laos and obtain more market information.
It is looking for a collaborator or cooperation with an enterprise on setting up a dealer to study what types of products and solutions the market needs.
The energy market is very important, such as generation and distribution and buildings or residents. The mining sector will also be a main market.
“We believe the telecom or IT market is another market target that is growing in Laos,” Mr. Nelson said.
The company has seen the quantities of electrical products from other countries that are being supplied to Laos as a result of energy sector expansion.
Expansion into Laos will help the company provide faster service and greater efficiency.
Last week it continued working with EDL to develop human resources and increase knowledge of standards in electrical installation and energy management.
It extended its MOU with EDL for another year, to improve electrical standards by communicating with consumers who install electrical systems in buildings to ensure accuracy and safety through knowledge and experience.
Another purpose is to increase cooperation and exchanges with the National University of Laos and the Department of Skills Development under the Ministry of Labour and Social Welfare.
The cooperation scheme is to promote and support efficient and sustainable energy management in Laos.
It trained EDL electricians to upgrade their knowledge and skills, enabling them to understand the appropriate method of electrical system installation and to select and use high quality products based on individual requirements.
Schneider is an international company offering integrated solutions across multiple market segments, including energy and infrastructure, industrial processes and building automation.
vientiane times
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