Kian Joo Can Factory Bhd plans to continue strengthening its presence in Myanmar. It aims to do so by opening up two new manufacturing plants in the country. The construction of these manufacturing plants has already begun and they both are located in the Thilawa Special Economic Zone. One of these plants is for Kian Joo’s can production and the second one is for its subsidiary named BoxPak (M) which will manufacture corrugated cartons. Kian Joo has tin can, box carton manufacturing and contract packaging capabilities in Malaysia. Till now it has only been exporting products to Myanmar but now it intends to replicate the same business model that it has in Malaysia in this country as well. The construction of these two manufacturing plants requires an investment of around US $23.5 million. The group anticipates spending another US $81.6 million to set up both plants and their production facilities.
The commercial production is expected to begin at the plants before the end of 2018. Besides these two plants that are under construction, Kian Joo has 18 plants in Malaysia and three plants in Vietnam. It also has a 20 acres plot of land in Indonesia which it has kept reserved for now but will utilize in the future to further its growth. Kian Joo’s Malaysian operations generate the largest revenue; US $219 million for the full financial year. This made 54.7% of its total revenue while Vietnam was at the second place by generating around US $129 and contributing 32.3% of company’s revenue.