Minetech Resources Bhd (MRB) expects more revenue from quarry

 Minetech Resources Bhd (MRB) expects its quarry products segment to contribute up to 50 per cent to the company’s revenue by next year from 34.5 per cent in 2013. Group executive director Matt Chin Leong Choy said the target will be driven by new quarry developments in Perak which will likely start operations by the third quarter of this year.
 “We are raising RM20 million from a right issues exercise to acquire two new quarries. By purchasing and owning quarries, we expect to improve profit from the sales of output from the sites.”