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KUALA LUMPUR: Scientex Bhd's indirect subsidiary Scientex Lestari Sdn Bhd has entered into a conditional sales and purchase agreement with Seriemas Development Sdn Bhd for the proposed acquisition of six parcels of freehold land in Mukim Senai in Kulai, Johor, for RM299.84mil.
This value chain collaboration enables ocean bound plastic (OBP) to be successfully brought back into circular material stream for conversion to high-quality flexible packaging.
Sabic has collaborated with Scientex in the packaging value chain to enable the manufacturer to develop material for the reportedly world’s first flexible food packaging made based on advanced recycled OBP, using Sabic certified circular polypropylene (PP). The material is being used in a premium brand noodles packaging sold in Malaysia.
Scientex Packaging (Ayer Keroh) Bhd (formerly known as Daibochi Bhd) saw its net profit in the second quarter ended Jan 31, 2022 (2QFY22) fall 22.57% to RM11.69 million from RM15.1 million in the previous year’s corresponding quarter, due to a rise in raw material and freight costs.
Monday, 05 Apr 2021 06:54 PM MYT KUALA LUMPUR, April 5 — Scientex Quatari Sdn Bhd and Scientex (Skudai) Sdn Bhd propose to acquire three pieces of freehold agricultural land in Seberang Perai Utara, Penang worth RM246.67 million, for mixed-property development. “However, it is currently too preliminary to ascertain the exact total gross development value, development cost, the expected commencement and completion dates of the development and the expected profits to be derived from the development,” Scientex said in a Bursa Malaysia filing. The group noted that the proposed acquisitions ...