From left: MSPI executive director Lee Foo Keong, Mah Sing gounder and group managing director Tan Sri Leong Hoy Kum and PT Gaya president director Budijani Sanjata.
KUALA LUMPUR: Mah Sing Group Bhd
’s wholly-owned subsidiary, Mah Sing Plastics Industries Sdn Bhd (MSPI), is setting up a joint venture with PT Gaya Sukses Mandiri Kaseindo (PT Gaya) to expand its manufacturing and trading of plastic pallets, containers and related material handling and storage products in Indonesia.
“A joint venture company with MSPI holding a 70% shareholding and PT Gaya holding the remaining 30% will be set up, marking a significant milestone for both parties.
“The collaboration capitalises on their strengths and expertise to sustain growth and address Indonesia’s growing demand for plastic pallets and material handling products,” said Mah Sing,” in a statement.
It added that the Indonesian plastic pallet market represents a significant growth opportunity for the group.
“Currently dominated by traditional wooden pallets, there is a growing trend and increasing demand for environmentally friendly and recyclable alternatives, especially plastic pallets.
“This shift is in line with global sustainability initiatives and aligns with the preferences of environmentally conscious businesses. By entering the Indonesian market now, we can tap into this evolving demand and position ourselves as a leading provider of sustainable pallet solutions.”
