BUSINESS

YB VENTURES RESUMES MANUFACTURING OPS AT 80 PCT CAPACITY

20/09/2021 07:12 PM

KUALA LUMPUR, Sept 20 -- Tile maker YB Ventures Bhd has resumed its manufacturing operations in Kulai, Johor, after 600 local and foreign operational workers have been fully vaccinated.

Executive director Datuk Au Yee Boon said the group is allowed to operate at 80 per cent capacity and is expected to be fully operational at 100 per cent capacity once some of its operational workers are cleared from quarantine and completed their second dose of vaccine.

“The resumption of our business activities will enable a return to some form of normalcy, putting us on the right track to move forward and do our part to help boost the economic recovery of the country.

“Our priority now is to fulfil the backlog of orders that have built up since the Full Movement Control Order, which started on June 1, 2021,” he said.

YB Ventures said it now has a backlog of orders up to three months to fulfil, and the team is ready to go full force for the delivery after the three-month cessation of operations.

Au said he is optimistic that the property, construction and building material sectors are set to experience a gradual recovery, in tandem with the positive economic growth slated for 2022.

“Towards the fourth quarter of 2021, we have seen pent-up demand for properties, an effective vaccine rollout programme and low-interest rates.

“All these are set to bolster businesses that took a hit since last year,” he added.

The group, which also provides information technology solutions, noted that it absorbed the entire vaccination cost.

-- BERNAMA


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