Aztech expansion in Batam

Aztech expansion in Batam

SINGAPORE (Reuter): Multimedia company Aztech Systems is planning to open a second offshore plant in Batam, Indonesia, the Business Times said.

The newspaper quoted Aztech's president Michael Mun as saying the plant would cost Singapore US$20-S$30 million.

Aztech officials were not immediately available for comment.

The plant is expected to begin construction early next year and start production by end-1996. Its current Batam plant cost over US$30 million and is believed to have annual production capacity of 5.0 million sound and telephone cards and 1.2 million computer CD-ROM drives.

Capacity in the existing Batam factory would also be increased by 10-15 percent, the Business Times said.

Aztech has a third offshore plant, in Dong Guan, China.

The paper also said Aztech is currently evaluating taking stakes in a number of companies, including multimedia distributors and retailers and product designers.