Ajiya Bhd is investing RM30mil to set up a safety glass processing plant in
Managing director Chan Wah Kiang said construction of the facility would start any time now and was expected to be completed by the end of the year.
He said having two plants in
“We want to grow our business in
The new plant, with a built up area of 15,000 sq ft, is at Armata Nakom industrial estate in Chonburi Province, about 150km from its present metal roofing plant in Bangkok.
He said demand for building materials in
Chan said apart from damaged public infrastructures, properties and facilities, many multinational corporations (MNCs) whose manufacturing plants were affected by the floods were also relocating elsewhere in
“They are relocating to areas which are flood-free and with that, construction companies in Thailand are busy building new plants for these MNCs,” he said.
Chan said Ajiya would also venture into
He said instead of investing in a plant there, the company’s Cambodian partner would be the one to set up the safety glass processing plant.
He said the company would sign a technical agreement soon with the partner which would see Ajiya deploying its Malaysian senior management team to set up the plant and transfer the technology.
“Our Cambodian partner will pay royalty to us for the services. It is a win-win situation for both parties and is a low risk venture for us, as we are unfamiliar with the business climate in Cambodia,” said Chan.
However, he did not dismiss the possibility of the company setting up its own plant in
Chan said the next move after
He said the company was confident that its ventures into
“Once we are comfortable in
For the financial year ended Nov 30, 2011, Ajiya recorded a net profit of RM24.35mil on revenue of RM362.76mil against RM26.78mil and RM329.69mil respectively in 2010.