Pensonic to unveil new AV products

  • Business
  • Saturday, 08 Nov 2003

By David Tan in Penang

Pensonic Holdings Bhd plans to introduce a new range of audio-visual (AV) products in mid-2004, according to executive chairman Datuk Seri Chew Weng Khak.  

“The products will include portable digital video players, mini hi-fi, plasma screen televisions, and home theatre systems. 

We will probably engage sub-contractors overseas to manufacture these high value but low volume products. Since the market demand for these products is not that sizeable in the country, it is not economical for us to produce them here,” he told reporters after an AGM. 

Chew said the raw materials for these products would be sourced from South Korea and Taiwan. 

“Our other products such as coffee-makers, toasters and hair dryers which do not command a sizeable market locally will also be manufactured by our overseas sub-contractors,” he said. 

He said the group's products such as electric fans and blenders had been selling well so far this year. 

Since January, Pensonic had sold more than 500,000 electric fans and blenders compared with around 300,000 units last year, he added. 

Chew said the group was currently evaluating public feedback on its products and services. 

“We will work out a programme to improve our after-sales services and strengthen our customer relationship at all our branches in the country and overseas,” he said. 

He also said the group's kitchen electrical appliances were very popular in Thailand, Indonesia and Hong Kong. 

 Stock Watch On PENSONI

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Did you find this article insightful?


Next In Business News

Maybank to spend RM500k to upskill non-clerical employees
UOB Malaysia offers assistance to customers affected by MCO 2.0, floods
IATA calls on governments to work with air transport industry on restart plans
Cathay Pacific raises US$870mil in convertible bonds to shore up liquidity, shares fall
Retail darlings dented after Reddit group briefly shuts doors
Asia stocks follow Wall St tumble on valuation worries
Apple sees revenue growth accelerating after setting record for iPhone sales, China strength
ANALYSIS-Chinese retail banks gain consumer lending clout as fintechs fall out of favour
EXPLAINER-How retail traders squeezed Wall Street for bets against GameStop
Oil prices end mixed, despite big U.S. crude stock drawdown

Stories You'll Enjoy