PETALING JAYA: KESM Industries Bhd
expects to benefit from the uplifting of Covid-19 restrictions in China, although the group pointed out that inflation and energy cost spikes are affecting its production cost efficiencies.
“The group continues its focus on managing cost increases by productivity drives and improving throughputs,” it said in a filing with Bursa Malaysia yesterday.
“Notably, the non-memory market is nevertheless expected to grow, driven partly by the strong demand from the automotive market,” added KESM.
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