Fabricator plans to buy more land, expand capacity

FABRICATOR and design engineering company APB Resources Bhd is looking to utilise between RM40 million and RM50 million cash in hand to buy more land and expand its capacity, chief operating officer Alex Tan Teng Khuan said yesterday."Preferably, we want to acquire land near our existing facilities in Shah Alam and Gebeng, Pahang, or the seafront so that we would not encounter logistics problems," he told reporters after APB Resources' annual general meeting in Kuala Lumpur.In its annual report, APB Resources said there is strong demand for process equipment in the oil and gas, energy, petrochemcial and oleo-chemical sectors. However, the group's operations continue to be constrained by production capacity. Read more

(New Straits Times 26-3-2008)