OTHERS CLOSURE OF PLANT - PT UNISEM
|UNISEM (M) BERHAD|
CLOSURE OF PLANT - PT UNISEM
The Board of Directors of Unisem (M) Berhad (the “Company”) wishes to announce that on 28 June 2019, PT Unisem, an indirect subsidiary of the Company, made an announcement to its employees, customers, suppliers, creditors and other stakeholders to discontinue the operations in Batam, Indonesia.
The decision to discontinue operations in PT Unisem was arrived at due to continuing losses over the years since 2011. Despite recent investments the business outlook for PT Unisem continues to be weak.
The management will be working in phases to scale back the operations ahead of closing the facility in PT Unisem effective 30 September 2019.
This announcement is dated 28 June 2019.
|Company Name||UNISEM (M) BERHAD|
|Date Announced||28 Jun 2019|
|Category||General Announcement for PLC|