# Scientex acquires Klang Hock Plastic Industries for RM190M

Scientex Bhd, via its subsidiary Scientex Packaging Film, has agreed to acquire all shares of Klang Hock Plastic Industries (KHPI) for RM190 million. KHPI operates two plants in Klang, Selangor, with an annual capacity of 99,000 tonnes.

- Type: Acquisition
- Announced: 2018-02-23
- Where: Klang, Selangor, Malaysia
- Value: $48.0M (190.0M MYR)
- Status: announced
- Capacity: 99,000 tonnes per year
- Products: custom films, flexible plastic packaging
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Scientex](https://endata.com/companies/4216.md) (acquirer)
- [Klang Hock Plastic Industries](https://endata.com/companies/30270.md) (target)

## Sources

- [nst.com.my](https://www.nst.com.my/business/2018/02/338316/scientex-acquire%C2%A0klang-hock-plastic-industries%C2%A0-rm190m), 2018-02-23: "With the acquisition of KHPI, our manufacturing segment will see a leapfrog in revenue to exceed RM2.0 billion per year."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.