Bericap Singapore moves to new plant in Malaysia
Cap/closure maker Bericap, which shut down its Singapore plant in December 2015, has officially moved to its new plant in Kulai, Johor, Malaysia.
“The plant will cater to the Southeast Asian market,” said Managing Director Andrew Tan, speaking at the recently held P&R Vietnam show in Ho Chi Minh City. He also said the produced closures will be sold to more than 20 countries in Asia, Australia and EU. “The new plant is designed to supply a significant amount of closures to the growing region,” he added, while not stating the volume of production.
When asked about Bericap’s expansion plans, Tan said, “We are looking at setting up three to five satellite plants over the next 5 years. At the moment, the Malaysian plant will be able to supply countries like Vietnam and Thailand but we are looking at setting up a plant in Myanmar for its domestic market. It is our next target.”
Tan also adds that infrastructure stability is a far more important factor the company considers when setting up plants, than labour availability. “We want to be the first in the market in Indochina. We are betting on the new markets to provide a boost to our sales volume.”
Last year, the company also started up a second manufacturing site in China.
Germany-headquartered Bericap has 22 factories in 19 countries across the world. It generated a sales revenue of EUR710 million in 2014, based on a sales volume of 73 billion closures. The group employs 3.100 people.
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