JHM Consolidation plans RM25m lighting plant

GEORGE TOWN: Automotive lighting manufacturer JHM Consolidation Bhd plans to establish a RM25 million production facility in Sungai Petani, Kedah, to cater to rising demand.
JHM executive chairman Datuk Tan King Seng said the company hopes to start production at the plant by 2016. He said the 3.6ha piece of land was purchased for RM6 million and the plant would have a built-up area of 55,741 square meters.
He said the company was currently in talks with car makers from the US and that prospects for the future were positive.
"Conservatively, we are looking at 20% growth in the next financial year," he said in a press conference after the 2013 AGM yesterday.
For this year, Tan said the company planned to expand its production capability from the current five assembly lines to six. He said the sixth assembly line would be installed by the end of the year.
"The output rate depends on the complexity of the design," he said when asked about the matter.
On JHM's financial performance, finance manager Lim Kah Hoon said revenue for 2013 was RM69 million compared with RM63 million in 2012. The company recorded profit before tax of RM2.996 million in 2013 compared with RM2.77 million in 2012.
"This shows we are still on the uptrend," he said, adding the 2013 revenue were the highest since incorporation in 2006.