Group managing director Datuk Ang Poon Chuan(filepic) told StarBiz that the first part of the plan was to raise actual production output to 200,000 tonnes from 132,000 tonnes currently, with a RM150mil investment.
GEORGE TOWN: The 75-year old packaging firm, Thong Guan Industries Bhd
, plans to grow its revenue and production capacity by more than three fold in the next 10 years.
The group has budgeted a capital expenditure of RM650mil to increase its production capacity to 400,000 tonnes and hopes that annual turnover would gradually rise to RM3bil.
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