BP Plastics Holding Bhd Setting Benchmark for Manufacturing Industry
Kuala Lumpur, 25 August 2008 – Main Board listed BP Plastics Holding Bhd (BPPLAS) announced today that the company has recently been awarded with two International Standardization Organization (ISO) certifications namely, OHSAS 18001 and ISO 14001:2004, for their efforts in conserving the environment and taking steps in ensuring that safety hazards are properly abided to in their factory.
“By winning these two awards, we hope to set a benchmark for other plastic manufacturers to follow,” said Mr. Lim Chun Yow, Chairman and Managing Director of BPPLAS, “these ISO certifications will definitely help create an eco-friendly working environment and position BBPLAS as a business entity that cares about the preservation of nature.”
The company had an impressive first quarter of 2008 where BPPLAS reported a jump at its profit after tax by 198%, and recorded a leap in revenue by 66% from RM40.62 million to RM67.39 million, as compared to the preceding corresponding financial period.
“More and more organisations are now playing a more active role in demonstrating their commitment to occupational health and safety. This is mainly crucial for employees, but also for customers and other stakeholders,” Lim said.
“In addition, stricter legislation demands that organisations show a clear, pro-active commitment towards the health and safety of their employees. The OHSAS 18001 certification enables BBPLAS to demonstrate our commitment to occupational health and safety, as well as to continuously improve our related management systems,” Lim added.
OHSAS 18001 is a specification for Occupational Health and Safety (OHS) Management Systems jointly developed by a number of international third party certification bodies, national standards bodies, and other interested parties. It enables organisations to manage operational risks and improve performance.
Lim added that customers, consumers and shareholders these days are demanding for more environmentally-responsible products and services. Companies are expected to comply with environmental standards and to demonstrate their commitment in preserving the environment in their daily operations.
The ISO 14001:2004 Environmental Management Systems (EMS) certification enables BBPLAS to demonstrate their commitment to the environment. The standard provides guidance on managing the environmental aspects of businesses’ activities more effectively, while taking into consideration environmental protection, pollution prevention and socioeconomic needs.
“With this, it can improve employee ethics and workplace. ISO 14001:2004 compliance can also provide companies with a better use of energy and resources, and reduce costs over time,” Lim said.
The Company is expected to achieve better revenue in its FY2008 than FY2007. The management of the company is on top of the game in delivering excellent returns for the shareholders in the long term.
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ABOUT BP Plastics Holding Bhd
Established in 1990, BP Plastics Holding Bhd (BPPLAS) is today one of the leading producers of polyethylene film, specialize on stretch film and meticulous made to order lamination, shrink film and general purpose plastic bags cater for industrial, commercial, logistic and warehousing usage.
BPPLAS was listed on the Main Board of Bursa Malaysia Securities Berhad in 23rd February 2005 and currently operates more than 80 units of manufacturing machineries with a combined workforce of approximately 350 staffs. The company’s two production plants are located in Sri Gading Industrial Estate, Batu Pahat, Johor, Malaysia occupy 9 factory blocks with the total built up areas of more than 250,000 square feet on a total combined land of 15.5 acres has a combined annual capacity of 60,000 metric tonnes.
The company has evolved from a cottage plastic bag manufacturer back in 1990 to be a modernized high-tech polyethylene film manufacturer by investing into state of the art machineries and equipments from Europe and the United States.
BPPLAS aims are to grow their geographical market, increase production capacity and operation base, expand their line of services and continually be in the forefront of technology advancement – so that their customers and shareholders will receive the best they can offer.
For more information, please visit http://www.bpplas.com.
The past performance of BPPLAS is not indicative of the future performance of BPPLAS. This document may contain forward-looking statements that involve risk and uncertainties.
Actual future results may vary materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the company’s current view of future events.
For more information, please contact:
BP Plastics Holding Bhd
Kelly Tan/ Lee Kuan Hock
Esente Communications Sdn Bhd