BP Plastics faces challenging times

CGS-CIMB Research says although BP Plastics is in the midst of expanding its capacity, it may take some time for the group to use the additional capacity in the current economic climate.

PETALING JAYA: Competition in the stretch film space has intensified, especially in export markets, and that is affecting BP Plastics Holding Bhd’s earnings.

The company saw a 19.9% quarter-on-quarter (q-o-q) drop in its third quarter of 2022 (3Q22) sales.