10 August 2016

• Group set to achieve record turnover in FY2016
• Second phase of expansion of Daibochi Plant 2 on track to complete in the fourth quarter of 2016
• Declares second interim single tier dividend of 1.33 sen per share in respect of FY2016 payable on 22 September 2016

Melaka, Malaysia, 10 August 2016 – Leading flexible packaging manufacturer Daibochi Plastic and Packaging Industry Berhad (Daibochi; 耐慕志; Bloomberg: DPP:MK; Reuters: DPPM.KL) saw its export sales surge 20.3% to RM56.7 million in the second quarter ended 30 June 2016 (2Q16) from RM47.2 million a year ago.

In line with the stronger exports, primarily to existing customers in South East Asia and Australia, Daibochi Managing Director Thomas Lim said that the Group is set to achieve a record turnover in the current financial year ending 31 December 2016 (FY2016).

Mr. Thomas Lim (林树坤), Managing Director of Daibochi Plastic and Packaging Industry Berhad said:

“Daibochi’s export-based growth strategy has strengthened our position to become a leading flexible consumer packaging manufacturer for major multinational brands. We also continue to strive for more export orders throughout the Asia Pacific region.

At the same time, we are mindful of the challenges faced with regards to cost and labour shortages in the first half of FY2016. We are in the process of implementing measures to improve production and cost efficiency. These include commissioning new machinery, conducting personnel training, and implementing better wastage control to address these issues.”

Read the full press release here.