“Not all our products consumed here are imported but a majority are or about 98%. We have opened a factory in Johor Baru so that we can maintain our manufacturing license. We would like to retain our manufacturing license,” its managing director Erik Stoel said at a press briefing after its AGM yesterday.
“Depending on the evolution of the market then we can consider whether or not in the longer term: whether we can produce and manufacture our products in Malaysia once again. We are very committed into investing in Malaysia. While we know the market has a big illegal trade problem but we have become a big company in this market and we also treasure this,” he added.
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