Revenues of plastic and packaging makers to rise across the board

TheStar Wed, Apr 07, 2021 09:20am - 3 years View Original


Thong Guan is also aggressively growing its courier bag segment, which is fetching gross margins of high-teens, versus the Group’s mid-teens margins to cater for the booming global e-commerce industry. Some of the US e-commerce and retail giants are its customers.

PETALING JAYA: The pricing of resin and demand for plastic and packaging products will continue to have an impact on plastic and packaging makers.

To expand overall margins and for them to better withstand and resin price fluctuations, the manufacturers are creating higher value products and doing away with standard and commoditised stretch films and food packaging.

This bodes well for the manufacturers as it helps them better sustain their earnings going forward.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

KENANGA 1.080
SCGM 0.620
SCIENTX-WC 0.600
SCIPACK 1.990
SLP 0.955
TGUAN 1.920

Comments

Login to comment.