omg, is that your email? My spouse is from Ipoh, we bought a house there though, every year we will go back for holidays, so Wellcall is not too far away.
“We are also pleased to inform that Wellcall’s third production plant has been successfully commissioned. The plant will be utilised both for compound mixing of raw materials, as well as expansion of our production lines. This is indeed an important milestone for the company.” “With the new plant coming onstream, we now have a stronger platform to execute our strategy and sustain our longer term growth for Wellcall as a significant manufacturer of industrial hoses,” he added.
Wellcall Holdings Berhad – Press Release dated 28 August 2015
3 Wellcall’s new plant includes 7 new Mandrel hose production lines and 1 new Spiral hose production line. These are expected to raise monthly production capacity of Mandrel hoses in terms of linear metre per shift (‘LMS’) from currently 185,000 LMS to 279,000 LMS of Mandrel/Spiral hoses.
Two Banbury compounding machines have also been installed into the new plant for compound mixing of raw materials. These machines will allow Wellcall to bring back compounding works which are currently outsourced, and in doing so, enable better control over quality of materials and cost savings.
There is still room for further expansion in the new plant, which Wellcall is only expected to plan for in the near future. Near term, the Company will continue to extend its reach to existing and new markets to drive growth. There will also be greater emphasis on R&D to innovate new products and enhance product quality to strengthen its offerings in its already diverse application markets.
@Taugeh - Shouldn't set a target price if one didn't plan to sell as the business is sustainable in generating more cash in future. Hold eternally and don't kill the golden goose =D
Bought at 2.10 again. Reason to bought, potential of 70% increase in dividend once the new factory sets in.
The QR release in November, I expect at least a 20% increase QoQ as new factory is set up at September (QR report July -> September) ... (70% x 1/3 = 23.33%)
The last announcement by Mondrain is on 22/5/2015.. No indication of new fund coming in?...?..? I hope the recent surge is due to smooth operations of Factory 3 & better sales
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Taugeh
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Posted by Taugeh > 2015-08-20 12:49 | Report Abuse
omg, is that your email? My spouse is from Ipoh, we bought a house there though, every year we will go back for holidays, so Wellcall is not too far away.