Maxwell to delay capacity expansion on slowdown

Maxwell International Holdings Bhd chairman and executive director Jenny Li Kwai Chun in an interview with StarBizWeek on Dec 22, 2010.

KUALA LUMPUR: Sports shoe maker Maxwell International Holdings Bhd has decided to delay its plan to double the group’s installed production capacity in view of the overcapacity and prolonged slowdown of the industry.

President and executive director Li Kwai Chun, in her statement in the annual report submitted on Friday, said the group had completed building a new factory building in Henan Province, China, at the end of last year.