Scientex to bank on new plant

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.

KUALA LUMPUR: Packaging manufacturer and property developer, Scientex Bhd, targets to fill up the capacity of its newly-commenced biaxially oriented polypropylene (Bopp) film manufacturing plant over the next two years.

Scientex said the new Bopp film manufacturing plant, with an annual capacity of 60,000 tonnes, would strengthen the group’s capability to supply flexible packaging film to packaging converters and other manufacturers in the region.