CHINA’S JADI TONER PLANT STARTS OPS

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CHINA’S JADI TONER PLANT STARTS OPS

 user 2006-05-12 at 11:18:00 am Views: 84
  • #15418

    Jadi’s China toner plant to start ops next month
    KUALA
    LUMPUR: Jadi Imaging Holdings Bhd will launch its wholly-owned unit in
    China, Jadi Imaging Technologies (Suzhuo) Co Ltd (Jadi Suzhou), next
    Monday, said executive chairman and group chief executive officer Liew
    Kim Siong.He said Jadi Suzhou, which is operating the group’s first
    overseas plant in the Suzhou Industrial Park, would start production of
    toners next month. “Jadi Suzhou will allow us to penetrate deeper into
    the rapidly expanding Chinese toner market by providing better services
    to widen the local customer base,” he said after Jadi’s debut listing
    on Bursa Malaysia second board yesterday. To boost revenue and net
    profit, the company also plans to add a fourth production line in
    Malaysia. “We are confident of hitting net profit and revenue of
    RM10.9mil and RM63.5mil respectively this year, leveraging on our two
    new production lines,” Liew said, adding that the company expected to
    record RM79mil in revenue next year. The additional production lines
    would almost double Jadi’s annual capacity to 4,400 tonnes from the
    current 2,300 tonnes. For the year ended Dec 31, the company posted a
    net profit of RM8.54mil from a revenue of RM44.8mil. Jadi’s plant in
    Shah Alam has three production lines that manufacture only black
    toners. “Next year, we plan to make colour toners to meet the projected
    growth in demand for colour printers globally,” Liew said. Jadi shares
    opened yesterday at 20.5 sen, 0.9 sen higher than their issue price of
    19.6 sen. The counter touched a high of 22.5 sen and a low of 20 sen
    before closing at 21 sen, with 35.4 million shares traded. It was the
    second most active counter.