SLP banks on thin-gauge packaging materials for growth

Steady demand: Workers manning a production line of plastic packaging products and plastics-related goods at SLP’s plant in Kulim, Kedah. The group has locked in orders for about RM17mil worth of packaging products to be delivered in the third quarter.

GEORGE TOWN: Plastic packaging products manufacturer SLP Resources Bhd expects the bottom line of its thin-gauge packaging materials to improve this year, riding on expansion plans that will take off in September.

Group managing director Kelvin Khaw said SLP would install a RM6.5mil production line to increase its capacity to produce 2,000 tonnes of plastic packaging materials per month due to strong demand from the overseas market for thin-gauge packaging materials.