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Tashin buys CSC Steel's property in Penang


s factory in Seberang Perai Tengah, Penang for RM43.5mil.
The deal involved the purchase of two parcels of industrial land measuring 6.47 acre and 4 acres each.
The properties are located next to Tashin s existing factory.
The Proposed Acquisition represents Tashin s efforts to increase its production capacity in steel processing of slit coils, steel sheets and steel manufacturing products, it said in a filing with Bursa Malaysia today.
Upon completion of the acquisition, Tashin s annual production capacity is expected to increase from existing 149,520 MT to 222,720 MT a year.
With the increase in capacity, the Group believes that this will lead to an increase in both revenue and profitability in future financial years, it said. ....

Kuala Lumpur , Seberang Perai Tengah , Steel Holdings Bhd , Tashin Holdings Bhd , Tashin Holdings , Proposed Acquisition , Bursa Malaysia , Corporate News , Csc Steel , குவாலா லம்பூர் , எஃகு ஹோல்டிங்ஸ் ப்ட் , ப்ரபோஸ்ட் கையகப்படுத்தல் , பெருநிறுவன செய்தி ,