KUALA LUMPUR: NOTION VTEC BHD [] shares advanced in early trade on Monday, March 21 after it said the contribution from its new business -- both in the body mount and sub-assembly of lens ' would more than compensate for the expected reduction in orders for cam barrels due to the disruption and possible slowdown from the Japan earthquake.
At 9.10am, Notion was up nine sen to RM1.94 with 107,000 shares done.
It said on Friday, March 18 that its unit Notion Venture Sdn Bhd in Klang, as a contingency plan, would be supplied with raw materials from Nikon for the production of the body mount with immediate effect.
'Notion is preparing jigs and fixtures and utilising existing CNC (computer numerical control) machines to produce these precision components. Hard chrome surface treatment will be out sourced to a surface treatment company.
'The finished body mount components will be trucked to the customer's plant in Thailand for assembly. We expect this new business to contribute between RM36 million to RM60 million in sales per year,' it said.
At 9.10am, Notion was up nine sen to RM1.94 with 107,000 shares done.
It said on Friday, March 18 that its unit Notion Venture Sdn Bhd in Klang, as a contingency plan, would be supplied with raw materials from Nikon for the production of the body mount with immediate effect.
'Notion is preparing jigs and fixtures and utilising existing CNC (computer numerical control) machines to produce these precision components. Hard chrome surface treatment will be out sourced to a surface treatment company.
'The finished body mount components will be trucked to the customer's plant in Thailand for assembly. We expect this new business to contribute between RM36 million to RM60 million in sales per year,' it said.
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