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Easy Plastic serves a range of sectors such as automotive, health and beauty, food and beverage, industrial and pharmaceutical.
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Under Singapore’s Mandatory Packaging Reporting regime, companies must annually report packaging volumes and submit plans to reduce, reuse or recycle materials.
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The company’s board approved the closure as part of SPPC’s strategy to review and exit from non-core assets.
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What begins as an effort to protect products often results in excess materials, inefficient transport and mounting environmental impact.
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The results included net charges for special items and amortisation of purchased intangibles totalling $14m.
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This facility is part of a phased development plan, with further expansion to follow in the coming years.
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