Thong Guan investing RM40mil to expand packaging product range

GEORGE TOWN: Thong Guan Industries Bhd is spending about US$12mil (RM40mil) this year on its Sungai Petani plant to expand its range of industrial packaging products.

Group managing director Datuk Ang Poon Chuan told StarBiz that about US$4.5mil has been used to instal new production lines for its polyvinyl chloride (PVC) food cling wrap materials and masterbatch compound business.