SapInd ... July 09

It is in talks with various local and foreign parties to enhance its product and processing technology. This is to enable the company to grow its business at a faster rate when the economy recovers.

The company planned to upgrade its existing manufacturing processes capability to address market needs while increasing competitiveness.

The company posted a lower pre-tax profit of RM520,000 for the first quarter ended April 30, 2009 compared to a pre-tax profit of RM3.45 million in the same quarter last year. Its revenue rose to RM52.33 million from RM52.14 million previously.

Sapura Industrial has at present five plants, three in Bangi and one in Port Kelang,Selangor and another in Gurun, Kedah.