[Business Times] Daibochi upbeat on regional prospects
12 June 2012
KUALA LUMPUR: Daibochi Plastic and Packaging Industry Bhd, a flexible packaging solutions provider, is positive of tapping into the regional food and beverage (F&B) market.
Daibochi managing director Thomas Lim said in recent months, it had more visits and requests for quotations from non-Asian multinational corporations (MNCs) as the continent typically enjoys a lower cost of production.
“Recently, Daibochi was invited to participate in the global food safety panel of a leading MNC customer, placing us in the forefront of the latest sector updates and development in food safety management and regulations.
“Daibochi is the only Southeast Asian participant in the panel, reflecting its reputation in the region,” he said in a statement.
Lim said Daibochi had developed a track record in meeting stringent food safety requirements of regional MNC customers, and this resulted in the F&B sector being its stronghold customer segment.
He also said that the company had initial success in securing business from the new sectors.
“Since the first quarter of this year, Daibochi has commenced supply of medical glove packaging, albeit on a small scale. At the same time, we are also undergoing continual testing and certification for our electronics packaging overseas,” he said.
Daibochi provides flexible packaging to globally-renowned multinational clients in the F&B and fast-moving consumer goods sectors, including Nestle, Kraft and PepsiCo.
At the end of trading on Bursa Malaysia yesterday, Daibochi shares closed three sen higher to RM2.86.
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