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Business

Thong Guan plans RM650mil 3-fold expansion

GEORGE TOWN: The 75-year old packaging firm, Thong Guan Industries Bhd, plans to grow its revenue and production capacity by more than three fold in the next 10 years.

Business

Third line in the works for Thong Guan

PETALING JAYA: The strong global demand for nano-layer stretch films has pushed packaging firm Thong Guan Industries Bhd to plan for a third line to be up by end-2018.

Business

Thong Guan expects double-digit growth

GEORGE TOWN: Packaging firm Thong Guan Industries Bhd sees rising orders for food wraps from its Asian customers and the weaker ringgit lifting its earnings this year.

Business

Thong Guan slips after right issue plan

KUALA LUMPUR: Thong Guan Industries Bhd’s share price fell early Friday after it announced a corporate exercise involving a renounceable rights issue of up to RM52.60mil and plans to issue up to 26.30 million free new warrants.

Business

Thong Guan to increase capital expenditure by a third,sees foreign demand

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.

Business

Thong Guan plans to be largest PVC food wrap producer in S-E Asia

GEORGE TOWN: Packaging firm Thong Guan Industries Bhd is targeting to be the largest polyvinyl chloride (PVC) food wrap producer in South-East Asia by end-2017.

Business

Trading ideas: Thong Guan, HeiTech Padu, Petronas Dagangan

KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) expects Thong Guan Indusries, HeiTech Padu and Petronas Dagangan (PetDag) to see trading interest on Friday amid firmer market sentiment after the strong overnight close on Wall Street.

Business

Thong Guan Industries to issue RM52.6m loan stocks

KUALA LUMPUR: Thong Guan Industries Bhd is undertaking a renounceable rights issue of up to RM52.60mil and plans to issue up to 26.30 million free new warrants.

Corporate News

Thong Guan spending RM35mil to expand capacity at Sungai Petani plant

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.

Business

Thong Guan investing RM35mil to expand Sg Petani plant’s capacity

GEORGE TOWN: Packaging firm Thong Guan Industries Bhd is investing around RM35mil to expand its production capacity in Sungai Petani.