Bubble wrap packaging company Sealed Air has invested $8m in new technology and manufacturing capabilities in a bid to improve production of its ethafoam speciality packaging at its Kuantan plant in Malaysia.
The packaging products manufacturer selected Malaysia as its strategic hub to set up two production facilities for shrink films and foam packaging solutions for major markets.
Raw materials for the company's production facilities are sourced specially from the east coast economic region (ECER) of Malaysia.
The region has several petrochemical firms that deliver raw materials to Sealed Air, including BASF Petronas Chemicals. Industries based in the ECER also provide a market for the company's products. Upon completion, the Kuantan Port expansion will aid the goods imports and exports to Sealed Air's markets.
The company, which began operations in Malaysia, had invested $120m in its facilities to date and operates assembly and manufacturing plants in Pahang, Selangor and Perak.
Sealed Air generated revenue of approximately $7.6bn in 2012. It is engaged in food safety and security, facility hygiene and product protection. Its business divisions are food packaging, protective packaging, sanitation solutions and medical applications.