Polymer Link Targets Stronger Australia Returns With New Warehouse

KUALA LUMPUR, Nov 25 (Bernama) -- Plastic powder manufacturer Polymer Link Holdings Bhd expects a new warehouse in Australia, to be developed following its ACE Market debut, to bolster the group’s regional performance once operations begin.

Its group senior vice president Koh Tat Chuan said the facility is expected to be fully operational within three to six months, adding that current operations in the country will continue without disruption during the setup period.

The new warehouse will be located in Brisbane. The company already operates facilities in Melbourne and Sydney.

“While we are setting this warehouse up, we are still continuing to deliver to our customers in the region (Australia),” he said during a virtual post-listing conference today.

At 9 am, Polymer Link debuted on the ACE Market of Bursa Malaysia at 25 sen, unchanged from its initial public offering price, with 10.57 million shares traded.

Meanwhile, its head of supply chain and administration Koh Tat Wei said the company is actively exploring new partners in Europe as part of its long-term growth strategy.

“We have identified (several) parties that we would like to work with in the European market. We do see the need to broaden our revenue base, and that is why we are looking to Europe,” he said.

He said the company will begin its European expansion in Poland and will drive its market development for the region from there. 

-- BERNAMA