Does anyone have any info on the new non-woven needle punch machinery that has been installed at the factory recently? Info like capacity, potential revenue and profitability of this type of product.
Based on the quarterly results Q1 2024, it looks like there is a delay in any possible turnaround.
Note B1, there is a delay in the start of spunlace production.
Additionally, it looks like all is not well in Indonesia. Even after making substantial investment in cross lapping and vertical felt production lines, quarterly sales are lowest since Q4 2020.
Revenue in Thailand has not shown any improvement. Sales of only RM3.1 mil, significantly less compared to sales in Q4 22 when sales was RM5.7 mil.
Pump and dump. Agree with Solana that the quarterly results not good. I won't go as far to say doom, only have a long way to go. At the insulation division, despite spending on new machinery in Indonesia and new factory in Thailand, the sales in both countries is way below its peak. The hygiene division, still has not turned around even after introducing new products. I had sold my shares when it went up recently. Will monitor, maybe around RM0.30 can consider going back in.
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balvin71
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Posted by balvin71 > 2024-02-20 21:03 | Report Abuse
Does anyone have any info on the new non-woven needle punch machinery that has been installed at the factory recently? Info like capacity, potential revenue and profitability of this type of product.