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thong guan investing rm40mil to expand packaging product range

by:Mingtao      2020-12-20
George Town: Customs clearance Industry Bhd costs about $12 m (RM40mil)
This year, it expanded the scope of its industrial packaging products at its double cover North Valley factory.
Huang poon, managing director of the group, told StarBiz about $4.
5mil has been used to install new production lines for its PVC (PVC)
Compound business of food plastic wrap materials and mother materials.
\"The rest will be used to expand into the technology sector --
Broken machinery for value production-
Adding packaging materials and blowing
Industrial bags.
\"With this investment, our goal is to increase the group\'s annual output by 10% to 132,000 tons this year, compared to 120,000 tons in 2013,\" he said . \".
Stretch of group-
Film packaging materials are expected to generate about 65% revenue this year.
\"About half the time --
Production of film products in
Value categories, such as thin-
Instrument packaging materials for manual and machine less than 12 microns and less than 17 microns respectively-
Packaging products, which will make a greater contribution to the group\'s bottom line.
\"The investment will also increase the contribution of PVC packaging materials and parent material composite business from about 7% before to 5% and 5% this year,\" he added . \".
Demand for stretching
Film and food & beverage packaging products from Japan, New Zealand, Australia, Middle East and Europe, orders for Masterbatch compounds from ASEAN countries and China.
The group is expected to end fiscal 2013 with the best results in the past five years, Ang said.
\"We have confidence because of our 2013
Record Quarterly Results
\"Breaking one in the history of the organization,\" he said . \". For third-
As of the 30 th, the group announced rm13 for the 2013 quarter. 4mil in pre-
Compared to rm6, the tax profit behind RM188mil revenue. 4mil and RM155.
4mil was obtained in the same period of the previous year.
Meanwhile, in the nine months of 2013, the group achieved RMB 27. 4mil in pre-
Tax Profits behind rm535.
Revenue is 6mil compared to rm20. 7mil and RM452.
9mil was recorded in the same period in 2012.
Next, the group will emphasize the production of thin-
Ang disclosed the specifications and packaging materials for biodegradable and compostable.
\"We are working with the UK, for example --
The company develops biodegradable and compostable compounds for the manufacture of plastic products.
\"Part of the investment in the parent material composite business is a solution for mass production that can be used as a key component in the manufacture of biodegradable packaging products.
\"So far, the production of this Masterbatch compound has been successful.
\"Our products have been certified by the relevant European authorities EN 13432, which recognizes that our solutions meet strict standards,\" he said . \".
According to a recent study by Smithers Pira, the global packaging market in 2012 was $ 1%, up from 2011.
\"Actual sales are expected to grow by 3% in 2013 to reach the dollar,\" the report said . \".
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