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THONG GUAN Industries Bhd, a KLSE main board specialising in stretch film and plastic packaging manufacture, is allocating about RM19mil to set up two new stretch film production lines this year.
YLI Holdings Bhd, a specialist in the manufacture of ductile iron pipes, posted a 30.2 % increase in turnover of RM35.7mil for the third quarter ended Dec 31. Pre-tax profits also rose from RM9.1mil to RM12.0mil over the same period.
ENG Kah Corp Bhd expects increased sales orders for its coloured cosmetics, skin care and perfumery divisions this year with the implementation of the Asean free trade area (Afta).
Former oil tycoon Marvin Davis has threatened to withdraw his $20 billion bid for Vivendi's Universal entertainment assets if the company does not negotiate exclusively with him, a person familiar with the talks said.
Reporters YVONNE CHONG and YAP LIH HUEY attended the opening of MIFF 2003 and spoke to some international buyers
REGARDLESS of the harsher external environment, Malaysia, which top-ped the list of investment grade countries in the region last year, is expected to continue to outperform its regional peers.
TONG Herr Resources Bhd, a specialist in the production of bolts and nuts, expects exports to Europe to take up 40% of its output this year compared with 28% last year, its managing director Tsai Ming Ti said.
EASTMAN Chemical Company has appointed David C. Brubaker as managing director and vice-president of Eastman Chemical, Asia Pacific Pte Ltd. Brubaker succeeds Damon C.Warmack, who has been appointed vice-president and general manager of Eastman#039;s global coatings business.