Annual Report 2010 - Leeden Limited

Leeden Limited Annual Report 2010Thailand & IndonesiaFollowing our foray into Thailand in 2009 with our salesdistribution office and warehouse located in Chonburi, theGroup continues to expand regionally with the establishmentof PT Leeden Indonesia in Jakarta in 2010. We are nowin closer proximity to our dealers and customers in theOil & Gas industry who has base offices in Jakarta. Thismove enables the Group to serve our customers in a moreefficient manner.new plant is set to doublethe current productioncapacity of the existingplant in Malaysia andwill cater to the existingglobal market forEversafe’s range of firefighting equipment.The Group has partnered Wescol Holdings Pte Ltd to establisha joint venture company – Imperial Gas Control Equipment(Jiangyan) Co Ltd (“IGCE”) in China. IGCE is primarily involvedin the assembly and testing of gas cutting and gas controlequipment – a complementary fit to the industrial Weldingand Gas Division.Vietnam & PhilippinesThe Group has also increased our physical presence acrossSoutheast Asia with the opening of distribution offices inHo Chin Minh City, Vietnam and most recently in Taguig City,Philippines. Leeden’s wholly owned subsidary in Philippines- Leeden Philippines Inc was incorporated on 15 Nov 2010with an initial investment of USD 200,000.“Fastest Growing Internationalising Companies”ChinaAside from our sales distribution office in Shanghai, theGroup has expanded operations in China with the openingof a new fire extinguisher manufacturing plant - JiangyanEversafe Fire Equipment Co Ltd (“JEF”) in May 2010. ThisOur continuous efforts to extend our geographicalfoothold regionally has earned Leeden the distinctiverecognition as one of the Top 10 “Fastest GrowingInternationalising Companies” awarded by DPInformation Group and supported by Ernst and YoungSolutions LLP , IE Singapore, IDA Singapore, SPRINGSingapore and The Business Times.0