The Growth of Company
On 14th October 1993, Guan Xeng Industries (M) Sdn. Bhd. was incorporated in Malaysia under the Companies Act 1965 to take over the business of Guan Xeng Food Trading. The Company commenced its operations in a double storey terrace shop house with the workforce of about 20 employees.
In 1994, the business of the Company has been expanded to the whole Malaysia.
In 1997, the business of the Company has been further expanded to overseas. As the result of the expansion, the management of the Company has decided to manufacture its own brand named candies.
In 1998, the first hardboiled candy machine was brought into the production and Concord Vista Sdn Bhd has commenced its business as the manufacturing arm of the Companies whereas Guan Xeng Industries (M) Sdn Bhd as the marketing arm of the Companies. The Companies have shifted to a bigger working space in order to be in line with their expansion.
When the candies' market running smoothly, the Companies had taken their second expansion plans as summarized below:
In 2000, manufacturing of toffee candy has been brought into the production.
In 2003, manufacturing of snack foods has been joined into the production.
Currently, the principal activities of the Companies comprise the manufacturing, marketing and trading of confectionery products and the related. The Companies is operating in 4 units of semi-detached factory buildings covered 64,000 square feet with the workforce of about 120 employees. The main export market of the Companies covered Middle East, South Africa, Ghana, Indonesia, Australia, Taiwan, Singapore, Hong Kong, Germany, Poland, Greece, Spain, India and etc.
With the steady growth of the Companies, the board of directors believe that the Companies will be able to maintain the competitive advantage of its current range of products and invest into new products to penetrate into new markets and expand the existing markets.