More P.I.E.: Malaysian CM Ups Production
Malaysia -- P.I.E. Industrial Bhd, a one-stop integrated electronic contract manufacturer is adding new production lines this quarter to cater to a surge in demand for its industrial electronic products.
Group managing director Alvin Mui told StarBiz that the group was allocating RM6mil to buy new assembly machinery and equipment from the U.S. and Japan.
“The new machinery and equipment we are installing now have the capability to handle lead-free electronic components assembly,'' he added.
Mui said the group had recently secured orders from new customers in Japan, the U.S. and Europe to assemble PCBs and industrial electronic products such as barcode scanners, battery chargers and battery packs.
He added that for the first half ended June 30, the group generated RM7.45mil in pre-tax profit compared with RM5.2mil for the first half of 2004.
Revenue amounted to RM92mil compared with RM69mil previously.
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