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EG Industries allocates RM30mil for plant expansion


EG Industries Executive Chairman Terence Tea Yeok Kian (left) and CEO Alex Kang showing the range of box-built products designed and manufactured by the group. - ZHAFARAN NASIB/The Star.(Filepic)

EG Industries Executive Chairman Terence Tea Yeok Kian (left) and CEO Alex Kang showing the range of box-built products designed and manufactured by the group. - ZHAFARAN NASIB/The Star.(Filepic)

KUALA LUMPUR: EG Industries Bhd , an electronic manufacturing services (EMS) company, has allocated RM30mil for capital expenditure in its 2018 financial year to enlarge its plant in Sungai Petani, from about 20,002 sq m to 24,154 sq m.

Group chief executive officer and executive director Alex Kang said the expansion, to be funded through bank borrowings and internally generated funds, was to cater to the strong enquiries from customers for box-build contracts, reiterating the company's stronger proposition in this segment.

“Not only has our box-build segment improved, but also our printed circuit board assembly (PCBA) segment as it remains the main revenue generator for EG Industries,” he said in a filing with Bursa Malaysia.

He said the company saw great potential to move up the value chain for its PCBA clients by undertaking the complete process of box-build for them in the future. — Bernama

Corporate News , Egind

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