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scientex to build rm107mil stretch film plant in arizona ...

by:Top-In     2020-07-26
Petaling jaya: Scientex Bhd, a packaging manufacturer and real estate developer, has invested $25 (RM107mil)
A new stretch film facility has been established in Arizona, USA.
It forms a complete
Scientex Phoenix LLC, a wholly owned subsidiary, will undertake Scientex\'s first stretch film plant overseas and supplement its existing facilities in Pulau Indah.
Managing director Lin pengjin said the investment would come from internally generated funds and bank borrowings for the construction of facilities and the purchase of machines.
The plant, which is scheduled to be completed by the end of 2017, will have two stretch film production lines with an annual output of 30,000 tons.
Scientex is the largest stretch filmmaker in the Asia Pacific region and a leading supplier of stretch films in Japan.
With this new Arizona plant, we will use our expertise in cost to bring our proven Japanese premium stretch film to market
Efficient production.
\"It will also create jobs in Arizona and support state government initiatives,\" Lim said in a statement . \".
While Scientex has exported some stretch films to the US market, Lim says its strategic position in the US is beneficial due to proximity to raw material sources.
This enables the company to enjoy competitive price and cost savings in logistics, he added.
Lim pointed out that the establishment of a manufacturing base close to the customer will also enable Scientex to establish an important foothold in the US market by meeting the customer\'s needs to a greater extent and faster.
He said it would enhance Scientex\'s reputation as the world\'s leading supplier of stretch film in various industries.
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