The Star, April 23, 2013

By David Tan

 

GEORGE TOWN: The North Butterworth Container Terminal (NBCT) expects to handle more container cargo in the second quarter this year, due to the pick up in intra-Asia trade.

NBCT chief operating officer Obaid Mansor said in an interview that the pick-up started this month.

The projection for containerised cargo for the second quarter is 333,500 TEUs (20ft equivalent units), compared with 287,006 TEUs in the preceding quarter.

“We...

The Star, April 23, 2013

By David Tan

 

GEORGE TOWN: Texchem Resources Bhd (TRB) expects the revenue from its food division to register a double-digit growth this year.

Last year, the food division registered a US$116.5mil (RM353.68mil) turnover, contributing about 25% to the group's revenue of RM1.01bil for the 2012 financial year ended Dec 31.

TRB executive chairman Tan Sri Fumihiko Konishi said for first-quarter 2013, the food business made money, as there was a shortage...

The Star, April 22, 2013

By David Tan

 

 

 At work: VAT employee working on the production floor producing vacuum valves.

 Penang is now one of the handful places in the world producing vacuum valves, a high-technology product used in the manufacturing of semiconductor wafers.

VAT Manufacturing Malaysia Sdn Bhd, which started operations recently in Batu Kawan Industrial Park, is targeting to achieve turnover of US$30mil (RM91.08mil) in 2014 from its Batu Kawan production...

Bernama, April 18, 2013

 

BATU KAWAN – VAT Manufacturing Malaysia Sdn Bhd, a subsidiary of Swiss-based VAT, opened its first production facility in Malaysia to produce vacuum valves in a bid to cater for the fast-growing Asian market.

VAT board chairman Dr Richard Fischer said over US$30 million was invested in the new plant and Malaysia was selected as the location due to the availability of qualified staff and high-performing suppliers for mechanical parts and electronic...

The Star, April 17, 2013

 

GEORGE TOWN: The Malaysian Investment Development Authority (Mida) aims to attract RM120bil in investments in the services sector this year.

Last year Malaysia saw RM162bil in overall investments, with the services sector accounting for RM117bil, and the manufacturing sector providing RM41bil.

Mida executive director (services development) Datuk Mathialakan Chelliah said the agency was looking to attract potential investors from Europe and the Asia...

The Star, April 15, 2013

By David Tan

 

It expects rise in demand for directional light lamps

GEORGE TOWN: Soraa Inc will ramp up orders with its contract manufacturers in Malaysia for its light emitting diode (LED) modules used in directional light LED lamps, riding on an approximate US$4bil (RM12.16bil) global market size for such illumination products in the replacement segment.

Soraa, which is based in California, outsources the manufacturing of LED modules to...

The Star, April 11, 2013

 

GEORGE TOWN: Japan's Toray Industries Inc is committed to invest RM1bil in Malaysia and sales to increase 1.8 times by 2020.

Its president Akihiro Nikkaku (pic) said Toray Group Malaysia, wholly-owned by Toray Industries, has strong operations in Malaysia with RM3.5 billion sales achieved last year.

Nikkaku said Toray Malaysia would embark on AP-Growth Toray 2020 strategy as well as focus on business expansion in green innovation, Asia and emerging...

The Star, April 8, 2013

By David Tan

 

GEORGE TOWN: Tissue paper manufacturer NTPM Holdings Bhd is investing US$20mil (RM61.15mil) this year to set up a manufacturing facility in Ho Chi Minh City, Vietnam, to penetrate the domestic market with its products.

Group managing director Lee See Jin told StarBiz that the group's plant would be located in the Vietnam Singapore Industrial Park on a 100,000-sq-ft site that would also accommodate a warehouse.

“We explored going to...