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PR Newswire
30-09-2019, 11:17 PM
From the article, restructured entity looks promising .... 
*not vested*
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Innotek's restructuring sets path to success
Mon, Sep 30, 2019 - 5:50 AM
INNOTEK, the China-based precision metal components manufacturer, is battling a slowdown in domestic car sales and some turbulence as Japanese copier makers shift production out to South-east Asia.
But the Singapore-listed company has never been in a better position to ride out the industry headwinds, and is pressing ahead with its multi-year restructuring plan.
Neal Chandaria, non-executive chairman of Innotek, told The Business Times earlier this month: "About four years ago, we took the decision to bring in a local team to understand the local situation. That's Mr Lou and his team, and that has made a significant difference to the company going forward." .....
Innotek makes metal components that go into three main categories of goods - automotives, printers and copiers, and consumer electronics like TV bezels.
"I would say it's been a deliberate decision to focus more on the automotives now, because they are much longer-term programmes. And generally, because of the quality requirements, it's business we think we can sustain," Mr Chandaria said.....
Read more : https://www.businesstimes.com.sg/compani...to-success
*not vested*
-------------------------------------------------------------------------
Innotek's restructuring sets path to success
Mon, Sep 30, 2019 - 5:50 AM
INNOTEK, the China-based precision metal components manufacturer, is battling a slowdown in domestic car sales and some turbulence as Japanese copier makers shift production out to South-east Asia.
But the Singapore-listed company has never been in a better position to ride out the industry headwinds, and is pressing ahead with its multi-year restructuring plan.
Neal Chandaria, non-executive chairman of Innotek, told The Business Times earlier this month: "About four years ago, we took the decision to bring in a local team to understand the local situation. That's Mr Lou and his team, and that has made a significant difference to the company going forward." .....
Innotek makes metal components that go into three main categories of goods - automotives, printers and copiers, and consumer electronics like TV bezels.
"I would say it's been a deliberate decision to focus more on the automotives now, because they are much longer-term programmes. And generally, because of the quality requirements, it's business we think we can sustain," Mr Chandaria said.....
Read more : https://www.businesstimes.com.sg/compani...to-success