AnnAik goes environmental amid tepid steel business

STEEL stockist AnnAik's move into the wastewater treatment business, initially derided, is gaining traction amid a tepid steel business today, according to its chief executive.

Set up in 1977, the company mainly manufactures stainless steel flanges for customers from various countries. It also distributes stainless steel products used in piping systems in Singapore. Its customers come from industries like marine engineering, oil and gas, and utilities.

In 2005, AnnAik, having supplied its products to NEWater plants in Singapore, decided to make use of its experience to foray into industrial wastewater treatment in China.

The company had seen a need to diversify its steel business as the industry was becoming competitive, s…