KYM Holdings Berhad invests in its Tapah plant in Malaysia
4 September 2018
KYM Holdings Berhad (KYM) has invested RM65 million to modernize its Tapah plant in Malaysia and introduce a state-of-the-art industrial paper sack line to increase its exports throughout the Asian region.
The RM20 million investment for the plant, and RM45 million for machines and equipment emphasized the company’s commitment to pursue excellence, and to create more sustainable, innovative and quality packaging solutions in a cost-effective manner.
The investment will boost KYM’s wholly-owned subsidiary, Hasrat Meranti Sdn Bhd’s (“Hasrat Meranti”) production capacity by a further 50% to 230 million paper sacks per annum from the current 150 million.
About 35% of the company’s industrial sacks are exported to Thailand, Indonesia, Vietnam, Philippines, Brunei, Hong Kong, India, and Mauritius. The company’s exports have registered a double digit growth in revenue year-on-year and a compounded annual growth rate of 13.3% for the past 10 years.
KYM Holdings Bhd (“KYM”), through its subsidiaries, is a specialist in the manufacture and sale of highquality multi-wall industrial paper sacks and corrugated carton boxes.