Thong Guan to invest RM19mil in 2 new lines

Thong Guan Industries Bhd, a KLSE main board-listed specialist in stretch film and plastic packaging manufacturing, plans to allocate about RM19mil (US$5mil) to set up 2 new production lines this year to expand its output of stretch film.  

Its group managing director Ang Poon Chuan told StarBiz that since last December, the group’s main facility in Sungai Petani had been operating at full capacity, generating some 2,000 tonnes of stretch film per month.