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Malaysia’s Thong Guan aims to be largest PVC food wrap producer in SEA

by ChemOrbis Editorial Team - content@chemorbis.com
  • 19/07/2016 (11:16)
According to media reports, Malaysia’s packaging firm Thong Guan Industries is planning to be the largest PVC food wrap producer in Southeast Asia by the end of 2017. The group’s managing director reportedly said that they will invest around $6 million (MYR23.76 million) to build four production lines within the upcoming two years.

Of these four planned lines, two lines are planned to be launched by the end of this year while the remainder are scheduled to be completed in 2017. The company’s PVC food wrap production is about 8,000 tons/year now and it is expected to increase to 14,000 tons/year by 2018.

The director also added that the company’s orders for PVC food wrappers for the second half of the year have already been filled and they see the Philippines, Vietnam, and South Korea as the strongest markets in Asia. The group aims to produce about 120,000 tons of packaging products this year, up around 20% compared with the last year.

Thong Guan is currently building a new warehouse worth around MYR1 million ($249.859) to store the raw materials and PVC packaging products.
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