PETALING JAYA: DS Sigma Holdings Bhd
’s wholly-owned subsidiary, Dai Suwon Packaging Sdn Bhd, has bought four acres of land in UMW High Value Manufacturing Park, Serendah, Selangor, for RM12.2mil.
The land was acquired from UMW Development Sdn Bhd.
DS Sigma, a packaging solutions provider, said the land will be used to establish a new factory to manufacture large paper packaging products as well as other related packaging materials.
It is meant to meet the demand of its new customers in the solar photovoltaic industry in the northern region of Peninsular Malaysia.
In a filing with Bursa Malaysia, managing director Lucille Teoh Soo Lien said the new factory will not only expand its manufacturing capabilities but also strategically position it close to new customers.
