PETALING JAYA (Feb 12, 2013): Packaging company Daibochi Plastic and Packaging Industry Bhd plans to invest RM45 million in capital expenditure by building a new manufacturing plant in Jasin, Melaka.
The company yesterday announced it is acquiring three contiguous plots of vacant freehold industrial land in Jasin, Melaka, measuring 2ha in total for the facility.
“The new manufacturing plant will enable us to expand our in-house film-making and metallizing operations to meet current and future needs of our growing clientele. We will commence the construction of the new factory by the 2nd quarter of 2013,” Daibochi Plastic and Packaging Industry Bhd managing director Thomas Lim said in a statement last Friday.
Daibochi will invest RM25 million in the first phase, which involves the purchase of land, construction of new facilities and the acquisition of machinery, while phases two and three requiring an investment of RM20 million will be completed over a three year period from 2014 to 2016.
The investment will be funded via a combination of internally-generated funds and bank borrowings.
Daibochi’s existing manufacturing operations are in Air Keroh Industrial Estate, Melaka. To date, Daibochi provides packaging products to globally-renowned multinational-corporation (MNC), clients in the Food & Beverage (F&B), Fast Moving Consumer Goods (FMCG), pharmaceutical and industrial sectors.