GIIB to Sell Warehouse for RM 6.8 million

It has been reported in the local Malaysian press that Goodway Rubber Industries Bhd has signed an agreement with CK Rubber Industries Bhd for the sale of their warehouse and office facility in Nilai, Negeri Sembilan, for a fee of RM 6.8 million. GIIB is reported to have told the stock exchange that the facility includes a single storey detached factory together with a double storey office building situated on leasehold land. The size of the site is 108,925 sq. feet.

About the author

David is the Owner and Publisher of Retreading Business. With over 30 years' experience as a specialist tyre industry journalist, he first entered the tyre industry in 1987 as Editor of Tyres & Accessories. He was Editor of Tyre Trade News between 1993-96 before establishing Retreading Business in 1997. In 2004 he acquired the Malaysian tyre magazine The Tyreman, before establishing Tyre & Rubber Recycling in 2009. In addition to his publishing ventures, he was also Director of the Retread Manufacturers' Association between 2004 and 2014.

Email: retreadingbusiness@btconnect.com

Phone: (44) 1270 668 718

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