PENANG: Tong Herr Resources Bhd (THRB), one of the world’s leading specialist manufacturers of stainless steel fasteners, is allocating about US$5.5mil (RM29mil) for the setting up of a plant in Thailand this year.
Group managing director Tsai Ming Ti said in an interview that the business in Thailand would be a joint-venture exercise, involving the participation of an overseas partner.
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