Financial Wire

InnoTek Opens Manufacturing Facility in Malaysia

-- InnoTek (SGX:M14) unveiled a manufacturing facility in Melaka, Malaysia, according to a Thursday filing with the Singapore Exchange.

Shares of the precision metal components manufacturer were up nearly 1% in Friday trading.

The 10,000-square-meter facility is part of the company's strategy to broaden its manufacturing presence in Southeast Asia and increase its production capacity.

The facility comprises production and warehousing buildings, which will be operated through its subsidiary, Mansfield Manufacturing (M).

Total capital investment for the facility was around SG$5 million, with operations expected to commence this year.

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