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Article: Greenyield to spend US$1.3m on Viet plant
- Article from:
- New Straits Times
- Article date:
- December 23, 2008
- Author:
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Ooi Tee Ching
New Straits Times
12-23-2008
Greenyield to spend US$1.3m on Viet plant
Byline: Ooi Tee Ching
Edition: Main/Lifestyle
Section: Business Times
Type: Company
GREENYIELD Bhd is investing US$1.3 million (RM4.52 million) in Vietnam to set up a factory to make latex stimulants, tapping knives and cups.
"We're investing US$1.285 million for the land, building and machinery. It will be a replicate of our plants here in Kajang and Banting," said executive chairman Tham Foo Keong.
"It is timely for us to enter Vietnam now as the cost of doing business has started to normalise. Six months ago, global commodities were soaring and fuelling inflation rates to record highs," he told reporters ...