Johnson Electric Holdings chairman and chief executive Patrick Wang Shui-chung says the company will continue to pursue new acquisitions in a bid to sustain the group's earnings momentum. Speaking yesterday after the world's second-largest micromotor maker's annual general meeting, Mr Wang said the company was looking at other acquisition possibilities following the purchase of a 49 per cent stake in digital camera micromotor designer Nihon Mini Motor in April. That deal would help the company to increase market share in Japan, he said. With the company's main market, the United States, yet to demonstrate a sustained recovery, Mr Wang said the group was aiming to improve its performance by increasing its market share and launching new products. Capital expenditure this year was expected to be US$50 million, similar to last year, he said. Mr Wang said the company planned to relocate some production facilities from Europe to China to cut costs this year.