KUALA LUMPUR: Inari Amertron Bhd will be allocating between RM35mil and RM45mil in capital expenditure (capex) in its financial year 2014 to increase its existing capacity by another 20%.Executive Vice Chairman Dr Tan Seng Chuan said the expansion is in line with the improving external demand for smartphone devices and fibre-optic products and services for the year ahead.
The company has five existing manufacturing plants in Bayan Lepas, Penang, one in Iskandar Johor, two in the Philippines and one in China.
He said the group's utilisation rate of all these plants stood at 85%.
Meanwhile, Tan said the company intends for a transfer listing to the Main Market of Bursa Malaysia Securities Bhd by first quarter of next year from its ACE Market status at present.
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