AE Multi Holdings Bhd (AEM) is launching its addressed down converter, a high-end satellite television receiver, for the South American market beginning next month.
Chairman Datuk Mohamed Azman Yahaya said the product was part of AEM's diversification programme aimed at boosting revenue.
He said the company needed to expand its activities due to intense global competition.
We need to go beyond our core business of producing single and double-sided printed circuit boards so we come out with the addressed down converter (ADC). The first batch of 50,000 units will roll out from our Sungai Petani plant next month and AEM hopes to manufacture an average of 100,000 units monthly next year.
Our maximum capacity is 180,000 units per month and we will hit the target should we receive good response from our clients, he said, adding that the company waslooking for sub-contractors to meet the demand.
The product was manufactured for AEM's client in Singapore, and meant for the South American market in Brazil, Mexico and Argentina, Azman said after the company AGMs in Kepala Batas yesterday.
He said the ADC, compact and using Korean technology catered to the satellite TV frequency in the South American region.
AEM recorded revenue of RM68.7mil last year. Its profit after taxation was RM7mil, exceeding its forecast of RM6.9mil or an improvement of 1.4%.
Azman said the company maintained its performance despite the soft electronic market last year and it hoped to chart better growth this year.
Our expansion programme to Thailand has been fruitful because our plant in Bangkok now contributes about 21% to the group's total revenue, he said.