Gunnebo Security Group expects that Asia and Pacific (APAC), which is now the group’s fastest growing market, will become the main contributor to its revenue in the future. Now, Indonesia contributes about 20% to the group’s total revenue from APAC, second only to India. Gunnebo has for many years operated deposit s
Gunnebo Security Group expects that Asia and Pacific (APAC), which is now the group's fastest growing market, will become the main contributor to its revenue in the future.
Now, Indonesia contributes about 20% to the group's total revenue from APAC, second only to India. Gunnebo has for many years operated deposit safe and vault factories in both Indonesia and India, which also export their products to other countries.
Karin Wallstrom, the group's head of marketing and communications, said that Gunnebo Indonesia would further expand its business in the distribution of cash handling and entrance control solutions in the country. The two business areas are expected to give a strong contribution to future income as demand for cash handling and entrance solutions in the country has just begun to increase.
Bob Turner, Gunnebo's executive in charge of its cash handling business in APAC said that Indonesia — where transactions are still mainly done in banknotes — was part of the targeted market for the company's cash handling solutions in the region.
Cash handling solution, which was introduced for the first time in the Southeast Asian country in the middle of last year, had attracted interest from the country's big retailers, including hypermarket operators. “Negotiations are still underway with several retailers,” he added.
Gunnebo will also put more emphasis on the marketing of entrance control solutions in Asia's emerging markets as demand for such devices continued rising not only due to the mushrooming of high-rise buildings, but also because of the modernization of infrastructures such as railway stations and airports.