Selangor TimesSUBANG JAYA: Heavy machine and engineering equipment manufacturer CIH (Malaysia) Sdn Bhd is spending RM300 million for its local expansion plans.
“CIH is committed to invest RM100 million and RM200 million this year and next two years respectively for new premises and infrastructure to be set up locally,” said marketing director Siew Weng Hoe.
The investments include land acquisition and construction of factories in Dengkil and Sepang.
Khalid (brown batik shirt) with CIH board members and state executive councillor for trade and investment Teresa Kok (second right) at the launch of the company’s extended premises in Puchong.
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CIH is the sole distributor of machines and equipment from Guangxi LiuGong Machinery in China.
Siew said construction of the factories, including research and development centres, would start later this year.
He said growth in the mining and agricultural sector was driving demand for heavy machines and engineering equipment in the country.
“More than 300 CIH machines were sold in 2010 and 2011. We’re confident of doubling the sales for 2012 and 2013,” he said at a press conference at their office in Puchong.
The event was to dedicate the reopening of its recently renovated and extended premises.
The company also launched a new line-up of heavy machinery from LiuGong.
It was opened by Menteri Besar Tan Sri Khalid Ibrahim and attended by CIH and LiuGong board members as well.
CIH general manager Ian Wei later handed out cash donations amounting to RM30,000 to selected beneficiaries with LiuGong president Zeng Guan’an.