SLP sees strong demand for packaging materials

TheStar Mon, Oct 12, 2020 07:40am - 3 years View Original


Main player: SLP’s plant in Kulim, Kedah. Domestic sales will generate about 50% of the company’s revenue this year, compared with 40% in 2019.

GEORGE TOWN: High resin prices will see improved sales of SLP Resources Bhd’s flexible packaging material products in the final quarter, making it the top quarter of 2020.

Group managing director Kelvin Khaw (pic below) told StarBiz that this would be the group’s top-performing quarter because of the surge in demand.

Resin price is now about US$1,000 per tonne, compared with about US$800 per tonne three months ago.

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