SCGM to expand food packaging capacity


SCGM managing director Datuk Seri Lee Hock Chai (pic) said, “We are seeing encouraging uptake for our F&B packaging such as bento boxes, bakery trays and other products in the last few quarters, as we meet increasing demand from F&B businesses in line with higher takeaways amidst Covid-19.”

KUALA LUMPUR: Food packaging manufacturer SCGM Bhd plans to spend RM20mil capital expenditure (capex) to expand its food packaging capacity.

The capex, which is allocated for the next financial year ending April 30,2022 (FY22) would be used to buy extrusion machines and forming machines.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

SCGM Bhd , expand , food packaging , Lee Hock Chai ,

   

Next In Business News

Australia Q1 inflation slowdown disappoints, rate cut bets gone
Ringgit rebounds on softer US$ after PMI data
Positive earnings outlook for Axis REIT
FBM KLCI remains in bullish mode on US corporate results beat
Trading ideas: MAHB, Capital A, Chin Hin, Cypark, Gadang, Comfort Gloves, HHRG, Haily
Crest Builder unit bags RM486mil job
Axis-REIT shows improved quarterly performance
Vietnam apparel companies raise concerns over 2H production
PMIs improve even as weak yen intensifies price pressures
Optimistic outlook for Grade A premium offices

Others Also Read