NEWSROOM

[The Sun Daily] Daibochi to invest RM29m to expand into Myanmar

14 November 2016

By Wan Ilaika Mohd Zakaria

KUALA LUMPUR: Flexible packaging manufacturer Daibochi Plastic and Packaging Industry Bhd plans to invest RM29 million (US$6.8 million) to make its first foray in Myanmar via a joint venture company, namely Daibochi Packaging (Myanmar) Co Ltd (DPM).

Daibochi today signed a memorandum of agreement (MoA) with Myanmar Smart Pack Industrial Company Ltd (MSP) to establish a production facility in Yangon, Myanmar. Daibochi and MSP will own 60% and 40% stake in DPM respectively.

“Through DPM, we would have our first manufacturing facility in a foreign country, building on MSP’s ongoing business,” its chairman P. James Edwin Louis Pushparatnam said at the signing ceremony today.

Edwin said DPM is expected to post more than US$8 million in revenue in its first full year operation, based on MSP’s annualised 2016 financials.

Registered Office
DAIBOCHI BERHAD
No. 9, Persiaran Selangor,
Seksyen 15, 40200
Shah Alam, Selangor,
Malaysia

 

Tel No. : 03-55191325
Fax No. : 03-55191884

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News Room [The Sun Daily] Daibochi to invest RM29m to expand into Myanmar