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Article: Abric plans to boost output in North Asia
- Article from:
- The Malay Mail
- Article date:
- December 2, 2004
- Author:
CopyrightCopyright 2004 The Malay Mail. Provided by ProQuest LLC. (Hide copyright information)
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ABRIC Bhd, a security seal maker listed on the second board of
Bursa Malaysia Bhd, plans to set aside a minimum of RM10 million as
seed capital to invest in manufacturing-related activities in North
Asia by as early as next year, sources said yesterday.
Mail Money was told the plan is centred on Abric's desire to
expand its manufacturing base to outside its comfort zone in Malaysia
and Thailand.
Towards this end, Abric has identified China, South Korea and
Japan as possible sites for new manufacturing centres, as well as
markets for its high quality niche security seal products.
Abric has a manufacturing plant in Rayong, Thailand, which
produces a complete range of security seals for export ...