THE STATEMENT
|
Despite the ongoing challenges facing the global economies, there have been many indications of positive change and growth, and it is with great pleasure that I confirm Bright packaging Industry Berhad is on that upward trajectory. The change in management has proved itself correct as the first year under new guidance has yielded our best financial results in ten years, and our renewed and continued efforts to streamline current operations and expand into new territory ensure we are on the right path to perform even better this year. It comes as no surprise that tobacco products remain burdened by high taxes and increasingly tight controls, but this has not negatively affected the industry – indeed, British american tobacco Berhad’s share prices reached a five-year peak in may 2013, and the number of tobacco consumers today is higher than 30 years ago. Such news reinforces the Group’s decision to focus chiefly on aluminium foil packaging, and we have added British american tobacco Berhad to our clients’ list.
|
OUTLOOK
Our tobacco packaging business has earned a reputation for outstanding quality both regionally and globally. Major clients include Philip Morris and its affiliates, and the Group has been their preferred supplier for over 20 years. Our products are used by various brands including Marlboro, Dunhill, Lucky Strike, Kent, Pall Mall and Benson & Hedges. In the household goods and beverage segments, we supply Johnnie Walker, Chivas Regal and various affiliates of Diageo, Unilever and Procter & Gamble. The Group’s products are currently exported globally to countries including but not limited to Germany, UAE, Australia, Korea, India, Pakistan, China, Thailand, Indonesia, Singapore, Philippines, Vietnam, Hong Kong and Taiwan. The end product – the packaging of FMCG goods – ultimately makes its way into the majority of households in these regions. the Group represents a key element in its clients’ supply chain and product image. Specialized services that we offer are lamination, coating, slitting and sheeting. Our premium range of services include customized metallized film laminate onto tissue, wood-free, board and inner frame. Historically, our core business was focused on the high margin tobacco and liquor packaging segments. This industry has high barriers of entry due to its capital intensive nature and is virtually non-accessible to new entrants, which has kept us in a fortunate position of security. The strength of the Group’s long-term relationships with clients puts us in a unique position that they both value and trust. The stringent quality control our clients impose acts as additional deterrent for competitors attempting to penetrate the market, which again provides us security. |
OPERATIONS
Our vision is to be the leading player for FMCG packaging across Asia, and we have witnessed increased demand from the household goods segment. In order to accommodate our growing pipeline of clients, the Group plans to double its current capacity. Our production has been running at full capacity and our clients anticipate stronger demand in the coming years, so we must invest into our future accordingly. As the global economy recovers and expenditure on consumer goods increases, we are well positioned to grow significantly towards fulfilling our vision.
CORPORATE SOCIAL RESPONSIBILITY
The Group has always complied with international standards and guidelines of the Department of Environment with regards to our use of chemicals and solvents in the manufacturing process. However, the Board has decided that to continue to merely comply with the regulations would be a disservice to the Group’s shareholders, and as such we have affirmed to exceed all expectations of regulations, and will set the example for the rest of the industry to follow. Accordingly, we continue to invest in sustainable and environmentally friendly manufacturing processes. By leading the charge to greater standards, we hope to see clear improvements by other companies also.
Mr. Yap Kok Eng
Executive Director
Our vision is to be the leading player for FMCG packaging across Asia, and we have witnessed increased demand from the household goods segment. In order to accommodate our growing pipeline of clients, the Group plans to double its current capacity. Our production has been running at full capacity and our clients anticipate stronger demand in the coming years, so we must invest into our future accordingly. As the global economy recovers and expenditure on consumer goods increases, we are well positioned to grow significantly towards fulfilling our vision.
CORPORATE SOCIAL RESPONSIBILITY
The Group has always complied with international standards and guidelines of the Department of Environment with regards to our use of chemicals and solvents in the manufacturing process. However, the Board has decided that to continue to merely comply with the regulations would be a disservice to the Group’s shareholders, and as such we have affirmed to exceed all expectations of regulations, and will set the example for the rest of the industry to follow. Accordingly, we continue to invest in sustainable and environmentally friendly manufacturing processes. By leading the charge to greater standards, we hope to see clear improvements by other companies also.
Mr. Yap Kok Eng
Executive Director
