Will JEP raise its cost competitiveness with new Penang plant?

-A +A

SINGAPORE (July 13): Andy Luong, new controlling shareholder and executive chairman at JEP Holdings, says Singapore is not a cost-competitive location for a precision engineering firm like his.

To improve JEP’s performance, Luong’s immediate plan is to move the operations of subsidiary Dolphin Engineering to a rented factory in Penang by the fourth quarter of this year.

Luong reckons that it is more cost effective to relocate to Penang instead.

This arrangement is only temporary though, as the company intends to...(click on link for full story on theedgesingapore.com)