KUALA LUMPUR: VS Industry Bhd
has allocated RM150 million in capital expenditure (capex) for the financial year 2025 (FY2025) with the bulk of it earmarked for a facility in the Philippines, acquisition of a new factory in Indonesia and maintenance capex for Malaysia’s operations.
Group managing director Datuk S.Y. Gan said in a statement today that these investments would enable VS to strengthen its foundation as the group advances towards new horizons for the group.
"We are upbeat on our prospects as we move into FY2025. This is underpinned by the healthy demand outlook from our existing customers and our new manufacturing facility in the Philippines.
"The recent interest rate cuts in the United States provide a welcome boost to businesses and consumer sentiment,” he said.
On the other hand, he said the group would continue to be excited by its venture in the Philippines given the potential and it has secured new orders with an expected aggregate value of RM1.5 billion over the next two years.
"Renovation of our new plant is at its tail end and we target to start production in the coming months,” he said.
VS is an electronics manufacturing services (EMS) provider in Malaysia, providing vertically integrated manufacturing solutions to multinational corporations globally. It has advanced manufacturing facilities in Malaysia and Indonesia as well as having a presence in the Philippines in 2024.
At lunch break, VS share price rose two sen to RM1.18 with 6.5 million shares traded on Bursa Malaysia. - Bernama
