Scientex was among the top gainers as investors were positive about its purchase of Mondi Ipoh Sdn Bhd (MISB) for RM58mil cash to expand its consumer packaging division.
PETALING JAYA: The outlook for Scientex Bhd
, a plastic packaging firm, may hinge on the company’s US investment.
UOBKayHian Research (UOBKH) said a new stretch-film plant in Arizona with a capacity of 30,000 tonnes per annum would see synergistic benefits from the company’s highly efficient manufacturing operations with savings in logistics costs.
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