Plastics & Rubber Asia, November 1st, 1998
One of Singapore's few plastics-related machinery manufacturers, Soon Seng Machinery and Trading Company, is being forced to set up a facility in Malaysia, writes Wira Sulaiman.
Managing Director, Steven Chia told PRA that it is moving the production of some of its lower end printing lines to a cheaper base to cut production costs.
"It is unavoidable. High rents, increasing staff salaries and a slowdown in orders are the main factors, having built up over the years, and it has reached the unbearable stage as the economic downturn hits Asia," he said.
Soon Seng is spending RM1.5 million (U...
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