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It earmarks RM150mil to grow packaging business
GEORGE TOWN: Thong Guan Industries Bhd’s revenue for the 2020 financial year is likely to exceed the RM1bil mark, as the company is adding new production lines to increase revenue.
GEORGE TOWN: Northern region-based plastic, tissue paper, fastener, radio frequency chip and semiconductor test-equipment manufacturers are among the beneficiaries of the United States-China trade conflict.
GEORGE TOWN: Local electronic and plastic manufacturers are the beneficiaries of the ongoing trade war between the US and China.
GEORGE TOWN: Thong Guan Industries Bhd is spending RM35mil on three new production lines at its Sungai Petani plant this year to grow its stretch film capacity and also to position itself as the one of the largest PVC food wrap producers in Malaysia, South-East Asia, and in the Asia-Pacific region.
GEORGE TOWN: Packaging firm Thong Guan Industries Bhd is increasing its capital expenditure (capex) by about a third next year to boost output from its plants on expectation of higher demand from overseas.
GEORGE TOWN: Packaging firm Thong Guan Industries Bhd is investing around RM35mil to expand its production capacity in Sungai Petani.