Mainstream
Thong Guan’s lofty growth targets
Ho Chung Teng | 13 Oct 2017 00:30
Alvin says the main catalyst for growth will be its nano-layered stretch film

Plastics packaging manufacturer Thong Guan Industries Bhd is seeking to “double up” its growth momentum within the next three years, as it seeks to shed its image as an undervalued counter and hit a market capitalisation of RM1 bil.

At its recent 75th diamond jubilee anniversary, managing director Datuk Ang Poon Chuan unveiled a slew of growth targets – doubling its production capacity, revenue and net profit by 2020.

The Sungai Petani-based company also plans to double the revenue of its food and beverage (F&B) business.

Executive director Alvin Ang See Ming tells FocusM the catalyst for its growth will be mainly its nano-layered stretch film, which offers higher margins.