Malaysian plastic giant Thong Guan Industries recently inked a land purchase order to set up a production plant in Central Java's Batang integrated industrial park. Thong Guan Industries will set up a production plant over a 5-hectare land to manufacture plastic products for domestic consumers and export markets. The plant will produce plastic wraps, garbage bags, and plastic film, to name a few. The Batang project will have an initial investment value of $7 million. The release introduced Thong Guan Industries as one of the largest plastic packaging producers in the Asia-Pacific. The company runs a manufacturing plant in China. Thong Guan's total annual production capacity stands at up to 150,000 tons. Its turnover reaches 1.2 billion Malaysian ringgits or approximately $268.6 million.Source: https://jakartaglobe.id/business/malaysian-plastic-giant-thong-guan-to-set-up-7-million-factory-in-c-java (ICE GIACARTA)

Fonte notizia: JakartaGlobe.ID, 04/03/2025