Weng Zheng Resources Bhd

Listing on Bursa Malaysia's second board .

The group specialises in the manufacturing and trading of high precision cold drawn steel that is used for a wide range of engineering applications.

The average investment per production line cost between RM4mil and RM5mil.

The group's production lines, which are based in Balakong, currently have a combined capacity of approximately 1,500 tonnes to 1,800 tonnes per month.

The (cold drawn steel) industry in Malaysia is a niche market. There is actually one other player in this segment but owned by a foreign (Japanese) investor. Most of competitors are based overseas.

Since 2003, Weng Zheng has ventured into Indonesia, Singapore, Thailand, Hong Kong, Australia, Vietnam and most recently New Zealand.


source:

http://biz.thestar.com.my/news/story.asp?file=/2008/1/2/business/20080102141223&sec=business