Tuesday 05 Nov 2024
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KUALA LUMPUR (Aug 23): Food processing and packaging machinery solutions, EPB Group Bhd (KL:EPB) plans to leverage the Industrial Revolution (IR) 4.0 initiative by developing more technology to accommodate its machinery and equipment, following its listing on the ACE Market of Bursa Malaysia Friday.

Managing director Yeoh Chee Min said the company is exploring new automation and robotic technology for its frozen food system in addition to a new application in its automation system.

“We will continue to build a factory in Penang. The new factory will allow us to expand even more with new suppliers and more innovative equipment and machinery,” he said during a virtual press conference Friday.

The EPB counter opened at 65.5 sen Friday — a 9.5 sen premium over its initial public offering price of 56 sen, with 8.47 million shares traded.

Yeoh said EPB is exploring new markets beyond its strong presence in Indonesia and the Philippines.

“We've ventured into several regions, including Africa, and have also conducted business in European countries like Italy.

"While we plan to explore additional markets, our current focus remains on Indonesia and the Philippines, as our teams are well-established there,” he added.

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