Malaysia-based BP Plastics intends to increase the production of its polyethylene films manufacturing facility in Batu Pahat to drive business exports.
In an effort to increase its plastics operations, the firm has invested MYR13.5m ($3.12m) in a new cast stretch film machine from Austria amid ringgit's biggest drop.
BP Plastics group managing director Lim Chun Yow was cited by StarBiz as saying that the new equipment is expected to raise company's export sales to 80% of total revenue for the financial year 2015, from 78% recorded last year.
Chun Yow said: "The investment is part of the group's strategy to increase production capacity and meet with the challenging demands from the export market.
"The new machine is now based at our plant in Batu Pahat."
The firm, which operates across around 35 global destinations, has two production facilities which can deliver up to 60,000t of stretch films and packaging bags annually.
Despite unstable economic conditions, the firm had been able to scoop MYR283.96m ($65.8m) in revenues for the fiscal year 2014, an increase of 17.8% as compared with the previous year. The growth is likely to have been generated by the firm's business presence in the Asia Pacific region and domestic market rises.
The manufacturer has been serving the industries since 1990, and delivers plain and printed polyethylene (PE) collation shrink films and PE lamination based films through its industrial packaging unit. BP Plastics also delivers hand and machine stretch films under the Inifinity, Clarity and Priority brand names through its stretch film division.
Image: BP Plastics manufactures polyethylene films for various industrial applications. Photo: courtesy of Mister GC via FreeDigitalPhotos.net.