Central Global Berhad Increases Production Capacity by 250% to Meet Fresh Demand

Aug 16, 2021 | Business

Central Global Berhad (“Central Global” or “Group”), a producer of industrial masking tapes and label stocks as well as general building contractor, is in the midst of finalizing the purchase of machinery that will triple the Group’s manufacturing arm’s capacity to produce industrial masking tapes.

Central Global executive chairman Dato’ Faisal Zelman

With the purchase of the new machinery, the Group’s factory in Kuala Muda, Kedah, will have a capacity to produce up to 70 million square metres (“sqm”) per year of tapes from 20 million sqm of tapes per year from the old machinery.

Central Global executive chairman Dato’ Faisal Zelman said, “This is perfect timing for us as we currently have new potential orders of up to 30 million sqm of masking tape orders from existing customers. The new machinery will make us even more productive and efficient while allowing us the capacity to grow the business.”

“We are also able to fulfil backlog orders worth RM10.0 million from July and August that had been delayed due to the enhanced movement control order that was extended by two weeks in parts of Kuala Muda to the end of July. We were only able to restart operations from 2 August 2021 and only at 60% capacity for employees, but we are pleased to announce that all our employees will be fully vaccinated by 23 August 2021.”

The purchase of new machinery for the Group’s factory in Kuala Muda will be partly financed through a private placement exercise of 18 million new shares which is expected to raise approximately RM26.0 million, which included financing for a construction project in Penang.

The production expansion of the Group’s manufacturing arm is in conjunction with Central Global’s growth initiatives for its construction segment. The Group signed an MoU in early June with Multi Scopes Engineering Sdn Bhd to form a joint venture to bid for building a RM250.0 million sewage treatment plant in Kwasa Damansara, Selangor and was awarded an RM101.0 million construction project in April 2021 to upgrade the water supply system in Lahad Datu, Sabah.

Contact:
Hakim Juraimi
Email: h.juraimi@swanconsultancy.biz


Topic: Increase Production

New Central Sector Scheme for industrial development of Jammu and Kashmirwill help in creation of more employment opportunities and promotion of tourism in the region

Aug 5, 2021 | Business

The Department for Promotion of Industry and Internal Trade has notified “New Central Sector Scheme for industrial development of Jammu and Kashmir” with financial outlay of Rs. 28,400 crore on 19/02/2021 and is effective from 01.04.2021 to 31.03.2037. The scheme is applicable for any eligible industrial (manufacturing) entity or eligible service sector enterprise other than those run departmentally by Government, which is registered business enterprise under Goods and Service Tax.

The scheme offers four incentives namely (i) Capital Investment Incentive, (ii) Capital Interest subvention, (iii) Goods & Service Tax Linked Incentive (GSTLI) and (iv) Working Capital Interest Subvention.

Definitely the Scheme will help in creation of more employment opportunities and promotion of tourism in the region. The estimated direct employment generation is anticipated to be nearly 78000 persons, however, the scheme has potential to trigger much more gainful employment indirectly and also, has potential to further promote tourism activities in Jammu and Kashmir.

This information was given by the Minister of State in the Ministry of Commerce and Industry, ShriSomParkash, in a written reply in the Lok Sabha today.

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Central Global Continues with Proactive Business Sustainability Measures Despite Lockdown

Jul 24, 2021 | Business

Central Global Berhad (“Central Global” or “Group”), a producer of industrial masking tapes and label stocks as well as general building contractor, will continue to keep a tight rein on cashflow in order to ensure business sustainability following the government’s decision to lengthen the extended movement control order (“EMCO”) in certain areas of Kuala Muda, Kedah where the Group’s factory is located by a further two weeks to 1 August 2021.

Central Global executive chairman Dato’ Faisal Zelman

Central Global’s factory, which produces masking tapes and label stocks, has been closed since 5th July 2021 given its location in Kuala Muda which is currently under the EMCO. The factory employs almost entirely locals, with several among the 170 employees having been with the Group for more than four decades.

Central Global executive chairman Dato’ Faisal Zelman said: “We have always been cautious about the outlook for this year given the uncertainties of further COVID-19 outbreaks and while we will continue to tap into opportunities arising from a more fragmented regional competition landscape and the sporadic local supply-chain disruption, we are also mindful of the risks.”

“We have backlog orders to fulfil which will keep factory busy until year end, but operations have been affected due to the EMCO. We are consistently in discussion with the authorities despite of the lock down measures which has been imposed in the EMCO zones. We managed to obtain permission to operate on a partial basis being categorised as an Essential Industry (Packaging) during the period of the MCO 1.0 and we hope that the government will consider applying the similar regulations for the current EMCO as well. At the same time, we want to reassure all stakeholders that the management will do all it can to ensure that business sustains and maintain operational efficiency and quality.”

Central Global has two scheduled meetings annually to review the Group’s manufacturing operations’ internal controls and risk management under a risk management framework to mitigate business and operational risks. The Group’s lean manufacturing process ensures that costs are kept under scrutiny while driving productivity and quality through employee suggestion programmes and reward schemes.

“We will monitor the situation and continue to adhere to all standard operating procedures as laid out by the National Security Council and Ministry of Health guidelines to ensure the safety and health of employees and vendors. In the meantime, we have to manage our customers’ expectation in fulfilling their orders,” Faisal concluded.

For more information, please contact Hakim J. Munif at +60 12-318 5410 or h.juraimi@swanconsultancy.biz.


Topic: Press release summary

“The Central Authority” Wins Best Cast at The Alternative Film Festival

Jun 29, 2021 | Books, Business

The Central Authority

The Central Authority

TORONTO – June 28, 2021 – PRLog — The Central Authority, a dystopian horror comedy set in an eerily familiar future, is getting noticed. The film written by Dana Olita and Kristin West, directed by West and Armin Nasseri, and produced by the three of them along with Matt Chassin, has won Best Cast, at the Alternative Film Festival.

This award is especially satisfying for the filmmakers who according to West, “We gave our actors a tremendous amount of freedom, there was a lot of improvisation. Everyone gave great performances and the chemistry the actors have with one and other is magical.” Olita agrees, “The actors were the key, we basically let them pick and choose characters and wrote around their choices.”

In addition to West, Olita and Nasseri, The Central Authority uses an ensemble cast of working actors, Tick Tock stars, comics and podcast hosts: LaChelle Allen, Brandy Bryant, April Monique Burrill,  Jimmyo Burrill, Lilly Burrill, Candice Callins, Charles Chudabala, Rodney Damon Collins, Michael Coulombe, Lauren DeLeon, Vanessa Esperanza, Jonathan Freeman-Anderson, Sara Gaston, Katie Gordon, Nate Gordon, Joe Grisaffi, Josh Hutchinson, Betsy Johnson, Allison Michelle, Rory Ogden, Marco Antonio Parra, Anna Elena Pepe, Jake Red, Genoveva Rossi, Nailya Shakirova, Narlyia Sterling, Todd Stroik, and Cristina Vargas. Nasseri said he was “proud to work with such a strong group of diverse actors.” Inclusion has been a recurring theme in Nasseri’s films. His films include award winning shorts The Carting Call, and Seeking Valentina, already under his belt, Nasseri felt like this was the perfect vehicle for him as a director, editor and actor.

The Alternative Film Festival, one of Film Freeway’s top 100 reviewed film festivals,  is an event that is committed to bringing filmmakers of all levels a chance at taking home a festival award. The online competitions are held in March, June, September and December.

In addition to winning Best Cast, “The Central Authority,” also received a nomination for Best Comedy Feature at the Alternative Film Festival. The film won Best Comedy at The Bare Bones International Film Festival, where West was honored for her roles as an Indie Auteur Ambassador. “The Central Authority,” also won Best Dark Comedy at the Poor Life Choices Comedy Film Festival, where it was heralded as, “Amazing.”

July 2021 will be a busy  month for “The Central Authority,”  as it screens at The Marina Del Rey Film Festival, which takes place July 16-22, in Culver City California. The film can also be seen at Miracle Makers International Film Festival , which is part of AOF Megafest,  taking place  in Las Vegas July 26-August 1. Check festival websites for screening schedules.

For more information go to https://www.imdb.com/title/tt12265464/

Facebook https://www.facebook.com/TheCentralAuthority/

Instagram: https://www.instagram.com/the_central_authority/

View the trailer here :https://youtu.be/Jy-PizHOKAQ

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Hong Kong – Reopening of Central Lawn, Football Pitches and Basketball Courts at Victoria Park in Causeway Bay

Jun 4, 2021 | International

Reopening of Central Lawn, Football Pitches and Basketball Courts at Victoria Park in Causeway Bay

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     The central lawn, football pitches and basketball courts at the Victoria Park in Causeway Bay, which had been closed in accordance with the Public Order Ordinance (Cap. 245) s17(4), were reopened at 1am today (June 5).
      
     Police will keep monitoring the situation and resolutely intervene or stop any suspected illegal activities, as well as taking law enforcement action.