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Jadi to build own plant in China
PETALING JAYA: Toner maker Jadi Imaging Holdings Bhd will start building its own factory in China next year.
Executive director Lim Hock Guan said it had bought a site measuring 17,791 sq m in Suzhou for RM1.9mil. It currently operates from a rented factory in Suzhou.He said in view of the rapid growth in demand for toners in China, the company planned to invest in another production line in its existing factory next year. On its main factory in Shah Alam, he said Jadi would improve the productivity and efficiency in its operations by installing a new automated material handling and centralised dust collection system for its second and third production lines. Jadi’s shares closed unchanged at 24 sen on the first day of their transfer to the main board yesterday. A total 602,100 shares were traded. Alliance Research in a Aug 17 note set a target price of 35 sen for Jadi for the next 12 months. It also expects Jadi to record better performance in the second half of the year, with stronger sales and bottom line on the back of higher production capacity.
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