KESM to invest RM100mil in expansion over five years


  • Business
  • Thursday, 09 Jan 2003

KESM Industries Bhd plans to invest RM100mil in the next five years to progressively upgrade and purchase new machinery as well as increase its workforce by 40% to 1,200 employees in its financial year ending July 31, 2003, according to its executive director Kenneth Tan. 

He said this move was due to the rapid ramp up in production partly from its RM50mil manufacturing service agreement with Motorola secured in July last year.  

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

Wall St set to open higher on tentative debt ceiling deal; Nvidia jumps
Pestech International bags US$81.77mil contract from Iraq
Govt to work with business leaders to drive economic growth
KPJ 1Q net profit jumps to RM51.9mil
Maybank launches cross-border QR payment service
EP Manufacturing’s 1Q net profit jumps eight-fold
MyEG posts 1Q net profit of RM105.94mil
IHH Healthcare to pay 9.6 sen special dividend on June 30, following IMU divestment
Vestland's unit bags RM170mil design, build contract
CAB Cakaran reports over 4-fold profit jump in 2Q

Others Also Read