Johore Tin Bhd has changed its name to Able Global Bhd following shareholders’ approval.
Johore Tin, a manufacturer and trader of various tins, cans and containers, as well as milk and dairy products, will file for a change of company name with the Companies Commission of Malaysia. The name change also coincides with its plan to venture into property development.
In June, it signed a conditional sales and purchase agreement with PNB Development Sdn Bhd to acquire a plot of land in Kuala Langat, Selangor, for RM169.8 million (US$40.2 million).
“We can take this opportunity to further expand our manufacturing operations by utilising a portion of the land, with the land being sizeable for us to restructure and expand our operations in the central region of Peninsular Malaysia,” a company spokesperson said.
On its tin and dairy businesses, the company said demand for dairy products is healthy. “However, we foresee the tin can manufacturing industry to remain challenging due to an increasingly competitive market but we are confident that both segments shall remain profitable, and we will strive to grow our business further.”