From left: Mega Fortris Bhd group managing director cum group chief executive officer Datuk Adrian Ng, Selangor State EXCO for Investment, International & Domestic Trade, and Mobility Ng Sze Han and Mega Fortris non-independent non-executive chairman Datuk Nick Ng.
KUALA LUMPUR: Mega Fortris Bhd, with a current annual capacity of approximately 570 million units in Malaysia, plans further expansion with new production facilities in the United Kingdom.
Chief operating officer Jason Francis White said the company aims to increase capacity by 200 million units, adding that capacity expansion is not a significant concern.
"We are able to rapidly increase capacity within a very short time frame, anywhere from 30 to 100 days.
"We can significantly increase capacity by implementing new mould technologies, as well as by using vetted subcontract original equipment manufacturers,” White said at a press conference following the company's listing ceremony today.
Meanwhile, Mega Fortris group managing director and chief executive officer Datuk Adrian Ng Meng Poh highlighted the company’s long-standing support for its United States (US) operations, successfully navigating multi-jurisdictional taxes and regulations in both the US and Europe.
He noted that despite previous tariff hikes by former US President Donald Trump, who imposed blanket tariffs of 10 per cent to 20 per cent on all imports, and an additional 60 per cent to 100 per cent on Chinese imports, the company views these as manageable challenges.
Ng said Mega Fortris views tariff increases as "business as usual” and expects minimal impact, adding that the company would respond with a multi-pronged approach.
"If necessary, we will increase our average selling price.
"Additionally, we plan to decentralise operations, with the eventual goal of establishing a facility in the US, which will help mitigate the impact of any future tariffs,” he added.
Mega Fortris is principally engaged in investment holding, as well as in the design, manufacture, and trading of security seals and related products.
The company debuted on Bursa Malaysia’s Main Market today, opening flat at 67 sen with 8.58 million shares traded. - Bernama
