Streamlining ops: A worker attending to the production machine at SCGM’s plant in Johor. It is shifting to higher value-added products to help mitigate margin pressure.
PETALING JAYA: The easing of resin prices in the coming months bodes well for SCGM Bhd
, which has had to combat rising cost pressure in recent months to protect its margins.
The food packaging producer had adjusted its average selling prices (ASPs) by around seven times since last November, as rising oil prices and tight supplies pushed resin prices to a decade high.
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