Mah Sing expands Indonesia plastics venture

Kenanga Research said it was positive on the Indonesia deal as it allows Mah Sing to tap into a growing market.

PETALING JAYA: Mah Sing Group Bhd’s expansion into plastic manufacturing in Indonesia will have a minimal impact on its earnings in the near term.

The plastic segment currently has a pre-tax profit margin of 7%-8% and the Indonesian venture is expected to have a similar cost structure as Malaysia.