UAE Business: Hotpack Global to build 10 packaging plants in Malaysia – Gulf Digital News

UAE Business: Hotpack Global to build 10 packaging plants in Malaysia – Gulf Digital News

UAE-based Hotpack Global has announced its plan to invest AED360 million in Malaysia over the next 10 years to build 10 biodegradable packaging plants in partnership with Free The Seed Sdn Bhd, a Malaysian manufacturer of biodegradable products from rice straw, facilitated by Malaysian Bioeconomy Development Corporation.

A leading food packaging manufacturer, Hotpack has broken ground on a 3,200 sq m production plant at Gurun, Kedah, thus launching its first-ever manufacturing unit in Southeast Asia. The plant will be built at an estimated cost of AED90 million over the next three to five years.

Through the collaboration, Free The Seed becomes a technology and operational partner for Hotpack, providing raw materials, expertise, workforce, and technical capabilities. The initiative will facilitate produce biodegradable packaging using more diverse agricultural wastes like pineapple leaves and other agro-biomass materials, said the company in a statement.

The groundbreaking ceremony was attended by YB Datuk Seri Dr Ronald Kiandee, Malaysian Minister of Agriculture and Food Industries (MAFI). The plant is anticipated to produce 70 million units of fast-moving consumer goods (FMCG) packaging products per year.

This a major result of business bilateral trade enhancement programs initiated by Malaysian Investment Authority at the Expo 2020 Dubai, it stated.

The partnership between Hotpack