22 June 2011

MALACCA: Daibochi Plastic and Packaging Industry Bhd is eyeing Australia and Association of Southeast Asian Nations for expansion to increase revenue in the face of a steep increase in the prices of raw materials.

Its managing director Thomas Lim Soo Kim said the company expected its revenue to increase by 30 per cent in two years as the packaging market in Australia was 10 times bigger than Malaysia’s.

“Malaysia and Australia have about the same population currently (about 27 million), but Australia offers better business opportunities,” he told a media briefing at the company’s annual general meeting yesterday.

The company currently has a warehouse and office in Australia, he said.