09 June 2015

MALACCA: Leading flexible packaging manufacturer Daibochi Plastic and Packaging Industry Bhd has earmarked RM15mil in capital expenditure (capex) for the financial year ending Dec 31, 2015 to expand manufacturing operations.

Managing director Lim Soo Koon said the capex was for the acquisition of new machinery for the group’s manufacturing plant in Ayer Keroh here.

“We are continuing our investment strategy of acquiring more automated and efficient machinery to increase operational efficiency.

“This machinery commensurates with our intention to capture a larger share of the regional food and beverage and fast moving consumer goods markets,” he said at Daibochi’s annual general meeting here yesterday.

He said revenue from exports made up 47% of the group’s sales and was optimistic of growing this further in future by commercialising new products and enlarging clientele.

Daiboch, founded in 1972, recorded revenue of RM344.5mil in the financial year 2014, expanding 11% and charting a new record from the previous year’s high of RM310.3mil.