Leweko chief executive Ian Chung has said that moulded timber and timber flooring companies were high on the firm’s list and that “at least one acquisition” will be completed by the third quarter of 2007.
With a cash balance of M$17m at the end of 2006, Mr Chung has also noted that Leweko plans to carry out between M$10-40m of investment in 2007 using bank loans and internally generated funds.
High-end niche products will be the main items being produced by an expanded Leweko, with Mr Chung stating that the company planned to become as big as rival firms such as Sarawak.
