Zicom Group Limited ABN 62 009 816 871
BUSINESS DEVELOPMENTS
The Group is pleased to announce the following recent business developments :-
Australia
New Premises
Cesco Australia Limited (CAL) has signed a 7 year tenancy agreement for new premises at 38 Goodman Place, Murarrie, Queensland, and plans to move into the premises by 31 May 2008. The assembly and servicing activities of the company, which are currently housed in two separate premises, will now be consolidated under the same premises.
In July 2007, CAL entered into an agreement to lease a new factory from Viking Limited at Anton Road, Hemmant. However, up to now, the Owner has still not been able to obtain local council’s approval.
Singapore
New Factory – Deck Machinery
The new factory of Zicom Holdings Pte Ltd (ZHPL) for the production of heavy duty deck machinery in Singapore has been completed and production has already commenced in this factory. The factory is intended to expand the group’s capacity and improve productivity in the production of heavy duty deck machinery. The factory also houses a new in-house training centre that aims to give continuous structured training to its technical and management personnel as part of the group human resource development
programs.
New Expanded Premises – Precision Engineering Sysmac Automation Engineering Pte Ltd (SAE) has signed a lease for new premises doubling its existing production capacity. SAE plans to move to these new premises in July 2008. The new expanded premises position SAE to undertake more and bigger turnkey automation projects which its existing premises are unable to accommodate.
Thailand
Zicom Cesco Engineering Co Ltd, a wholly owned subsidiary of ZHPL, a Thai Board of Investment approved project, has recently awarded contracts for the construction of its factory in Thailand. The factory, on a freehold site of 20,000m2, is planned as a group’s manufacturing hub for its concrete mixers. Construction of the factory is planned to commence this month and is expected to be completed within 8 months.
G L Sim
Chairman
this company is well positioned to take advantage of Asian low costs to provide for a growing asia. Long term hold
