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Mir Valve was awarded an order for seven MV3 side-entry API 6D ball valves with hydraulic actuators for Sarawak Shell's offshore East Malaysia riser, with delivery expected in July 2017.
Thong Guan Industries is investing about RM35 million to expand production in Sungai Petani, including a new nano-layered stretch film line starting in September 2017 and more PVC food-wrap lines.
Perangsang Packaging, a wholly-owned subsidiary of Kumpulan Perangsang Selangor, is acquiring the remaining shares of Century Bond at RM1.75 cash per share. On 5 January 2017 it issued compulsory acquisition notices to holders who have not accepted the offer.