Tuesday, 5 April 2016

New factory to require RM85mil in investment

Integrated building materials specialist Chin Hin Group Bhd has bought new high-tech machinery for its upcoming factory, which is estimated to require RM85mil in investment.

In its filing with Bursa Malaysia on Tuesday, the company said it signed a purchasing contract with a German-based counterpart, Wehrhahn GmbH for the purchase of supply machineries to facilitate the company’s Autoclave Aerated Concrete (AAC) production line at the new factory.

The contract is valued at 4 million euros (RM18mil) for one machine line.

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