Guan Chong investing RM50mil to expand German plant

we believe the decision to expand Schokinag’s capacity is necessary to support the team in their growth ambition, and we will continue to evaluate other expansion options where needed to capture the ongoing opportunities,” said managing director and chief executive officer Brandon Tay.(File pic)

PETALING JAYA: Guan Chong Bhd will invest RM50mil to expand the capacity of its German plant Schokinag Holding GmbH over the next two years.

In a statement yesterday, the group said the expansion will help it ride the recovery in Europe as borders reopen. The growing revenue contribution from Schokinag also necessitates the expansion.