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Plastic millers worry over Europe debt crisis

from The Malaysia Star

Manufacturers of plastics for industrial and consumer packaging products are expecting growth this year, while those in the consumer electronics component and engineering resin segment are anticipating a flat year. Thong Guan Industries Bhd and SLP Resources Bhd, manufacturers of stretch film and consumer packaging materials, expect Japan, Asean and Asia-Pacific to be the drivers of growth. Engineering plastic resin supplier such as Cepco Bhd and plastic precision mould specialist Prestige Dynamics Industries Sdn Bhd, however, are anticipating a slower third and fourth quarters, due to the European economic crisis. more

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