Thong Guan aims big

TheStar Mon, Jun 07, 2021 07:40am - 2 years View Original


On the group’s 2021 performance, Ang is confident that the group’s revenue would surpass the RM1bil mark, up from RM961mil in 2020.

GEORGE TOWN: Thong Guan Industries plans to be an RM2bil group with a pre-tax profit of RM200mil by 2027.

Group managing director Datuk Ang Poon Chuan (pic below) told StarBiz that the group would invest RM300mil over the next six years to achieve its goal.“Over the next six years, we expect to see the group achieving a 10% to 15% compounded annual growth rate (CAGR).

“Our proposed Myanmar expansion project, courier bags, and packaging materials for the food and beverage, hygiene, food wrap, and stretch film sectors will spearhead the group’s growth over the next six years, ” he said.

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