Bursa Malaysia Stock Watch

V S Industry in expansion mode

kltrader
Publish date: Tue, 26 Oct 2010, 08:52 PM
kltrader
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Electronic manufacturing services provider, V.S. Industry Bhd (VSI), is set to expand further its production facilities in Senai, having purchased a piece of freehold land for RM12.3 million.

Its subsidiary, V.S. Plus Sdn Bhd, today signed an agreement to purchase the 2.6-hectare land, near the Group's existing headquarters and operations in Senai.

According to VSI's managing director Gan Sem Yam, the purchase of the land would enhance the group's operations in terms of production and warehousing capacity to meet its clientele''s manufacturing requirements.

'The recovering global demand for consumer electric and electronic products has been reflected in our recent financial performance for financial year 2010.

'We expect the demand momentum to gain further strength going forward, as a result of the better economic conditions,' he said in a statement here today. - Bernama
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