Leeden Opens Third Manufacturing Facility in Malacca For Production Of Welding

Electrodes

� Capital investment in new plant exceeds S$2.6 million � New plant adds another 13,000 tonnes per annum and is expected to

reach full capacity by 2014

Singapore, 15 November 2011 – Leeden Limited (“Leeden” or the “Group”), Asia’s Integration

Specialist for Welding, Gas & Safety Solutions, is pleased to announce that its subsidiary, Power

Weld Sdn Bhd (“Power Weld”), has added a new plant in Malacca, Malaysia that will focus on the

production of welding electrodes.

This is Power Weld’s third plant and is located in Ayer Keroh Industrial Estate in Malacca, Malaysia.

The new facility occupies a land area of 138,300 square feet and houses a Manufacturing Plant,

Warehouses, Research and Development Laboratories and Welding Training Centre. This plant is

also located in close proximity to the other two factories within Malacca.

“We wanted to consolidate the production of welding electrodes in one plant so that

efficiencies can be maximized and the other two factories can be freed up to increase

production of the other range of products. Additional resources can also be deployed for

research and development of new technologies and products. Our S$2.6 million investment in

this expansion project encompasses not only production capacity, but also the upgrading of

laboratory equipment for research & development and testing facilities as well as the

establishment of a new Welding Training Centre.”

Mr Steven Tham, Chairman and CEO of Leeden Limited

This new plant is capable of producing 13,000 tonnes per annum and the Group expects that it will

reach full capacity by 2014.

It was reported in a Frost & Sullivan report that increasing demand from Energy sectors would

continue to push the global arc welding equipment and filler metals to reach US$19.29 billion in 2017.

The Energy industry has to comply with infrastructure and safety requirements, hence repair and

maintenance for their onshore and offshore assets will continue to stimulate demand for such welding

consumables. The report also highlighted that apart from Asia-Pacific, EMEA markets (Europe,

Middle East and Africa) will witness material growth in end-users market as businesses shift their

manufacturing bases to reduce operational costs and increase productivity.1

1 Please refer to http://www.frost.com/prod/servlet/report-brochure.pag?id=M740-01-00-00-00

Commenting on the market outlook, Mr Steven Tham added, “Demand for welding electrodes in

the regional markets remains strong. We have also begun to receive a healthy level of

enquiries from European and African countries. We will continue to work on upgrading our

product technology and expanding our product and service offerings so as to remain relevant

to market demand.”

About Power Weld Sdn Bhd

Incorporated in 1985, Power Weld Sdn Bhd (“Power Weld”) started off as a manufacturer of welding electrodes. Over the years, Power Weld has grown to become one of the most reputable manufacturer and distributor of welding consumables in Malaysia. Power Weld’s quality system is endorsed with ISO 9001 certification and products are accredited with certificates of quality recognition from various prestigious bodies such as SIRIM, Lloyld’s Register of Shipping and American Bureau of Shipping. Power Weld has three plants in Malacca (Malaysia) that produces SMAW stick electrode, MIG wire, electrode welding flux, submerged arc wire, GTAW and FCAW.

Power Weld joined the Leeden Group in 2008 and since then, its commitment to excellence in welding consumables quality has been brought to a higher level. Power Weld aims to expand its existing product offerings to cater to varying customers’ needs

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About Leeden Limited Incorporated in 1964 and listed on the Singapore Exchange since 1975, Leeden Limited has built an extensive network as well as manufacturing capabilities in the provision of total integrated solutions for Welding, Gas and Safety across Southeast Asia. Apart from being an established distributor of internationally renowned agency products, Leeden also possesses manufacturing capabilities in Welding, Gas and Safety products. The Group's customers include major marine, oil and gas companies and contractors, shipbuilding and ship repair yards, aviation, automotive, electronics & semiconductor and metal fabrication companies from across Southeast Asia. Leeden commands regional presence in Malaysia, Thailand, Indonesia, the Philippines, Vietnam, China and most recently, Australia. Leveraging on strategic partnerships and with support from dealers throughout Southeast Asia, Leeden aims to be close to its customers to ensure provision of premium quality services at all times. For more information, please refer to the website, www.leedenlimited.com