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Astino to market agro-house products in Vietnam and Indonesia

GEORGE TOWN: Building material and roofing product manufacturer Astino Bhd plans to tap new markets overseas in two years selling its agro-house and green-house structure products.

Astino braces for tough times amid weak demand

2016-01-22 theedgemarkets
BUTTERWORTH (Jan 22): Roofing product maker Astino Bhd expects revenue to drop between 8% and 10% this financial year ending July 31, 2016 (FY16) from a year ago due to weak demand. Its executive chairman and chief executive officer Ng Back Teng said the Penang-based group saw international and local orders slump by 10% for the November–January quarter and expects demand to continue to fall through the remaining quarters.