The expansion exercise to set up a plant in Jakarta, Indonesia resemble Denko first footprint outside Malaysia. According to group CEO Tan Chen Wei, the expansion into Indonesia is to create greater value among existing MNC client that had relocated to Indonesia.
According to Allied Market Research, the injection moulded plastic market is expected to reach USD 162 billion by Year 2020. The research project a CAGR of 4.9% from 2015 to 2020, with most of the growth focusing in the packaging of end user segment. On a regional basis, Asia Pacific will be the leading market in terms of consumption and revenues.
The application for plastic injection mould continue to grow wider, replacing heavier metal to plastic. The Automotive Industry is one of one the prime example on how plastic had been replacing heavier metal car parts. This in turn had influence on how all the products are manufactured.
The growing prospect in this plastic moulding industry couldn't be captured more timely by Denko. Currently, Denko's customer based comprises of MNC from automotive, consumer electric, information technology and industrial product sector. Prominent leading names such as Dyson, JVC Kenwood, Pioneer, Panasonic and Schneider Electric had been core clientele for Denko plastic mould injection operation.