PETALING JAYA: Global industrial packaging solutions player KYM Holdings Bhd
(KYM) aims to increase exports from the current 30% to between 40% and 50% within the next three years with export sales expected to resume in second half of next year.
Chief executive officer Darren Lee Ji Jin said business development and marketing activities would be intensified to raise sales volume and orders from existing and new customers.
“Additionally, we will be rolling out the Top Daeration Plastic Free Film ESG Sacks, a new sustainable and innovative product, in the second half of 2023,” he told reporters after the company’s AGM yesterday.
The company will continue to seek business opportunities to enhance financial performance.
“The ongoing volatility of paper roll prices and foreign exchange exposure, as well as the recent hike in the overnight policy rate, have a direct impact on the group’s financial performance.
“However, we expect a gradual sales recovery for our cement bags as the construction sector is anticipated to perform better this year, supported by implementation of new projects and higher demand for residential and non-residential buildings,” he said. — Bernama
