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In the financial year ended 31 December 2023 (FY2023), the Group invested RM6.3 million for the installation of new machinery, resulting in an increase in annual cable and wire production capacity by 21% from 33,780 kilometres (km) to 40,780 km.Meanwhile, the Group is in the process of installing a new production line at its existing facility in Kuala Ketil, Kedah, which will contribute an additional 1,200 km of annual capacity.
.Meanwhile, the Group is in the process of installing a new production line at its existing facility in Kuala Ketil, Kedah, which will contribute an additional 1,200 km of annual capacity. The new production line, designated for medium voltage power cables and wires, is expected to commence trial runs in March 2024, bringing the Group’s total annual production capacity to 41,980 km.
The increase in revenue was in line with the higher raw material prices (copper and aluminium) and was further supported by the larger production capacity following the commencement of a new production facility at the Group’s headquarters in Kuala Ketil, Kedah. The new facility has an annual capacity of 5,000 km, producing low-voltage power cables and wires.
Operations are ramping up at the facility, increasing the Group's total annual cable and wire production capacity to 45,480 km from 41,980 km as at 31 March 2024. By the end of 2024, the full operation of the new facility is expected to raise the Group’s annual capacity to 46,980 km, allowing the group to accommodate more orders and boost revenue.
he Group’s current orders in hand stood at RM923.1 million, which includes the recently secured RM99.6 million supply contract from Tenaga Nasional Berhad. These orders, expected to be fulfilled by 2026, involve supplying underground cables and conductors to power utility companies, rectifier and battery systems to a major telecommunications company, and purchasing orders from Engineering, Procurement, Construction, and Commissioning (EPCC) contractors.
