VS Industry Bhd ... Jan 2009

VS Industry Bhd hopes to manufacture parts and components for several European multinational corporations (MNCs).

The company was currently negotiating with the MNCs and expected to close a deal with one of them in the current financial year ending July 31 (FY09). The particular MNC was currently sourcing its parts and components from other countries. It exports its product worldwide and is willing to have a long-term business relationship with VS Industry.

The product, which was still categorised under the household segment, was totally different from the other existing products.

VS is the only Malaysian-based EMS (electronics manufacturing services) provider to make it to the Top 50 list in US-based research newsletter Market Manufacturer Insider in 2007.

For FY08, VS Industry recorded pre-tax profit of RM80.36mil on revenue of RM1.06bil compared with RM89.16mil and RM1.07bil respectively in FY07.