Eonmetall sets aside RM25m for expansion

Eonmetall Group Bhd, scheduled to list on Bursa Malaysia second board on July 26, is allocating RM25mil to expand its metalwork machinery and secondary flat steel business early next year. 

The amount would be invested in a facility in Penang's Valdor Industrial Estate that would focus on the production of cold rolling mill machine and expanded metal products, as such products could generate a higher profit, group executive director Yeoh Cheng Chye told StarBiz.