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Oriental Metal Industries (M) Sdn Bhd, a 78%-owned subsidiary of MBM Resources Bhd, is investing RM103 million in an alloy wheel manufacturing plant in Rawang. The plant will have an annual capacity of one million units, with phase one scheduled for completion by Q4 2012 and full completion by Q3 2015.
“MBM said the investment would see its 78%-owned OMI become the largest Tier-1 integrated wheel manufacturer in the country.”theedgemalaysia.com
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