UAE-based Hotpack Global to make $95.29mn investment in Malayasia

UAE-based Hotpack Global to make $95.29mn investment in Malayasia

Hotpack HQ in Dubai Investment Park 1 | Image Courtesy: Hotpack

UAE-based leading food packaging manufacturer, Hotpack Global is all set to make a $95.29 million (AED350 million) investment in Malaysia over the next decade to build ten biodegradable packaging plants.

Hotpack Global will partner with Free The Seed Sdn Bhd, a Malaysian manufacturer of biodegradable products from rice straw, facilitated by the Malaysian Bioeconomy Development Corporation, for this project.

Work on the first plant, the first-ever Hotpack manufacturing unit in Malaysia and Southeast Asia has already underway with a groundbreaking ceremony in Gurun, Kedah, led by YB Datuk Seri Dr Ronald Kiandee, Malaysian Minister of Agriculture and Food Industries (MAFI).

Hotpack and Free The Seed Officials at the groundbreaking ceremony in Gurun, Kedah. | Image Courtesy: Hotpack

The new plant will produce 70 million units of fast-moving consumer goods (FMCG) packaging products per year.

The commitment made by Hotpack is a major outcome of the bilateral trade enhancement programs which were initiated by the Malaysian Investment Authority at the Expo 2020 Dubai. The Hotpack-Free the Seed association was facilitated by a business matching initiative by the Malaysian Government at Expo 2020.

The engagement was initiated during the MAFI’s sustainable agriculture week at the Malaysia pavilion in