FinTechFunding

SECOS: Launches new biopolymer plant in Malaysia

  • SECOS Group (SES) expanding its manufacturing capacity in Malaysia through the lease of a factory close to its existing Port Klang operations
  • SECOS isa leading sustainable packaging developer with a head office in Victoria
  • The company also says it experiencing strong growth in demand across its range of bio-based compostable products
  • Capital investment in the plant budgeted at around $2 million
  • The combined China and Malaysia expansions will enable increased product sales to new and existing customers by more than $25 million per annum
  • SECOS shares are up 7.14 per cent, trading at 30 cents each
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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