BURWILL Holdings, a property and metals group, will invest $25 million to acquire a 20 per cent stake in steel products manufacturer Nam Wah Precision Product. Burwill chairman Dickie Lau Kam-wing said: 'Burwill could supply processed steel materials to Nam Wah, which used to import them from Japan and Taiwan, at much lower prices.' Nam Wah, a Hong Kong company with operating facilities in Shenzhen, specialises in manufacturing steel-related products and office equipment such as fax machines and printer components. Nam Wah recorded attributable profit of about $30 million last year, Mr Lau said. Burwill would now place more emphasis on steel processing and manufacturing, he said. As part of the expansion, Burwill recently set up a factory in Dongguan, Guangdong province, through its subsidiary Hing Wah. The factory, with a total investment of about $60 million, began operating in August. Three production lines were moved from Hong Kong to the new factory in May and four new production lines were installed in July. 'Products from the Dongguan plant are marketed to light industrial clients in southern China, which produce steel-related goods, mainly for export purposes,' Mr Lau said. Steel processing and manufacturing made up about 30 per cent of Burwill's business this year. Mr Lau said Burwill aimed at striking a balance in capital investment - 50 per cent in its metal division and another 50 per cent in its property division within two to three years. Growth in Burwill's steel processing and manufacturing was expected to surpass property next year, he said. Expansion in property investment in Hong Kong and Australia would soon taper off because most projects had finished, he said.