Allied forms Batam unit

Allied forms Batam unit

SINGAPORE (AFX-ASIA): Allied Components International Ltd said it has formed a new unit, PT Allied Batam, in Batam, Indonesia.

PT Allied Batam, which will have an authorized capital of US$290,000, is principally engaged in printed circuit board assembly.

"Barring unforeseen circumstances, the operations of PT Allied Batam are expected to be profitable in the first year of operations," it said.