Scanwolf to manufacture plastic film for packaging industry
15 Jan 2021
Scanwolf Corp Bhd’s wholly-owned subsidiary Plastic Industries Sdn Bhd (SPI) will manufacture a new product, namely plastic film for the packaging industry to complement its existing business in the manufacturing division.
“SPI is in the process of installing the production lines in its existing plants with an initial production capacity of 3,576 metric tons per annum. SPI targets to commence delivery of the new product by March 31, 2021,“ Scanworld said in a stock exchange filing today.
The new product is expected to contribute positively to the group revenue and results for the financial year ending June 30, 2021.
The estimated total capital outlay is RM300,000 and it is financed by internally generated funds.
Source: The Sun Daily