According to a report from johor baru, scgm bhd, which is a publiclisted investment holding firm, completely owns the ecofriendly company. At present, the company based in kulai is aiming at the developing markets in pakistan, myanmar, and portugal. Malaysia receives over half of its products, while countries like brunei, china, hong kong, india, indonesia, laos, macau, singapore, thailand, and vietnam are sold the other exports. Its products are also marketed in australia, austria, italy, canada, greece, new zealand, spain, and the united states. Datuk seri lee hock seng, managing director of this company stated that it aims to conquer the japanese market with its cleanroom facility that will be ready in two years. He further said that the world will continue to have plastic packaging as the most universal material due to no other cheaper or optionally universal materials being available.
He also stated that new growth in the inflexible plastic packaging sector is being recorded with the use of polyethylene terephthalate pet packaging. Last year, they purchased new thermoformed plastic packaging and extruder machines to enhance production volume and decrease wastage. Following the annual general meeting of scgm bhd in kulai, he recently stated that these ecofriendly machines facilitate in recycling waste materials. Presently, around the clock operations are being conducted by the company with the help of 6 extruder and 30 thermoforming machines, and approximately 400 employees. The factory is also involved in producing disposable medical care products like thermometer covers and instrument trays, apart from food and electronic packaging sectors. In the previous year, manufacturing of polylactic acid pla food packaging containers had begun by the firm to cater to the us market.
The biodegradable containers are formed with the help of 100 percent plantbased byproducts, for instance, from barley, corn and tapioca. These containers have created the company&rsquos milestone towards making ecofriendly products. Lee also said that the firm has a strong business foundation, through which it aims at expanding in new eastern europe and australasia markets soon. He also mentioned that they keenly take part in trade fairs and expos throughout the world in order to reach new markets. Scgm noted a rm5.92 million net profit in the financial year that ends on april 30.
The same period recorded a revenue of rm82.11 million earned by it, in comparison to the previous year&rsquos rm6.56 million and rm75.07 million, respectively. Source of information httpwww.nst.com.mytopnewspackagingfirmgoesecofriendly1.155232
