Malaysian fabricator set to boost capacity
Malaysia’s fabricator APB Resources said it is looking to spend between 40
million ringgit ($12.5 million) and 50 million ringgit cash in hand to buy
more land and expand its capacity.
"Preferably, we want to acquire land near our existing facilities in Shah
Alam and Gebeng, Pahang, or the seafront so that we would not encounter
logistics problems," the Business Times Online reported APB’s chief officer,
Alex Tan Teng Khuan saying after an annual general meeting in Kuala Lumpur.
In its annual report, the outfit whose main activities include fabrication
and design engineering, said there is strong demand for process equipment in
the oil and gas, energy, petrochemical and oleo-chemical sectors. However,
the group's operations continue to be constrained by production capacity.
Tan said the group's current order book stands at 130 million ringgit and
hopes to secure more contracts, especially with the purchase of land to
boost its production capacity.
The outfit’s other activities include providing mechanical and electrical
services, plus non-destructive testing services.
26 March 2008 01:44 GMT
| last updated:
26 March 2008 01:47 GMT
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