Article: Atlan to spend more on product development

Marina Emmanuel
New Straits Times
08-30-2007
Atlan to spend more on product development
Byline: Marina Emmanuel
Edition: Main/Lifestyle
Section: Business Times
Type: Company

ATLAN Holdings Bhd is looking to increase its spending for product development and diversification activities for subsidiary Atlan Engineering Sdn Bhd.

Executive director Datuk Peter Wong Kam Fuat said yesterday the Penang-based company currently ploughs one to two per cent of its revenues into design, research and development, prototyping and making tools, dies and moulds.
"We are looking to accelerate the development and diversification of our products and may set aside three to four per cent of our revenues in future," ...

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