KUALA LUMPUR: China Stationery Ltd (CSL), an integrated plastic stationery company, has secured an anti-tampering plastic envelope trial order contract from China Post.

China Post is a group entrusted by the Chinese government to engage in the postal business on a competitive line.

CSL executive director Kwan Chun Jut said on Friday that for a start, the company needs to produce 150 million anti-tampering plastic envelopes for China Post before securing any further contracts.

"The product is designed by the in-house research and development team to meet market needs and we therefore have to ensure it is up to standard," he told Bernama after the AGM.

"We are the first company in the world using the technology to produce the plastic envelope and hope to start the first production soon," he said.

He said the company has about a 0.5% market share in China and is expecting the number to growth within the next five years.

"To further enhance its position as the largest manufacturer of plastic filing and storage products in Fujian Province, China, China Stationery has entered into a contract to purchase new machinery for its new plant to increase production capacity and market share," he added.

On the group's prospects for 2012, Kwan expects the performance to remain favourable, anchored by higher sales from its patented and non-patented products.

"We expect growth to continue to be underpinned by our innovative patented and non patented products segment, especially our future products," he said.

The group's house-brand products are marketed in China and globally in over 56 countries to more than 400 customers including distributors, retailers and corporations.

For the financial year ended Dec 31, 2011, the group recorded 465mil renminbi in profit after tax and achieved revenue of RMB1.8 billion. - Bernama

• 
• 
• 

More News Business Headlines      IHH Healthcare earnings up 3.6% to RM127.27m      Petronas Dagangan Q1 earnings down 3.7% to RM237m      Japan's tumble drags key regional, European markets lower (Update)      KUB in JV with Singapore's Hiap Seng for Petronas project      TDM to plant 5,000ha of new trees every year in Kalimantan      KLCI falls to low of 1,765, rattled by Japan, HK      Japan stocks crash on volatile bonds, weak China data; Nikkei ends down 7.3%      MISC posts RM300m net profit in Q1, sees challenging year ahead (Update)      KL Kepong slips to low of RM21.36 as quarterly profit drops      Maybank's Q1 earnings up 11.8% to RM1.506b (Update)      Lafarge Cement positive on markets, mulls expanding capacity      Dayang Enterprise awards RM705m contract to Perdana Petroleum      KLCI pauses, Japan, Hong Kong key indices slide (Update)      ECM Libra plans to exit PN17 by year-end      China HSBC flash PMI hits 7-mth low, fans growth fears      RHB Research maintains Buy on KPJ Healthcare, FV RM7.30      Alliance Neutral on Axiata, ups target price to RM7      Deleum top loser, down 11.3% after disappointing results      Maybank KE Research maintains Hold on AirAsia      Public Invest Research ups Uzma target price to RM2.86      Malaysia's blue chips fall more than 6pts in early trade      Profit taking may weigh on Malaysian equities      HP raises 2013 outlook as Whitman's plan takes hold      Bernanke says more progress needed before stimulus pullback      Wall Street falters in volatile session on Fed worries      Aeon director: GST won’t affect group      Petronas Chemicals Group to invest RM3bil in capital expenditure      Weak CPO prices hit Boustead profit      April CPI up 1.7% on higher food prices      Report: AirAsia X sets indicative price for IPO      MAEI sees 3%-4% rise in electrical, electronics exports      Cahaya Mata Sarawak to invest in grinding plant      Star to leverage on new, fast-growing businesses      No plans for MBO, says Vincent Lee      Scomi active as CEO raises stake      Bumi Armada shares rise after a strong Q1      BToto buys RM20m REDtone shares      Ingress gets notice from joint-offerors      Support Line      Axiata Q1 profit improves      Lower net profit for AirAsia      BMW targets 10% growth in sales this year      Forum to highlight on Asia economic ventures      Asean flavour in Invest M’sia confab      Top management changes at APM      ‘Fair value’ of MMHE at RM3.30      Push to limit foreign ownership in banks      EU: FTA will depend on concessions from Beijing      Sony cuts target, to assess spin-off plan      Europe moves closer to ending banking secrecy      China Galaxy soars 11% in debut      Gina Rinehart loses US$7bil      Australia consumer confidence falls  Go

• MACC begins investigation on payment in rape-marry case
• Guan Eng ticks off IGP for investigating DAP’s Chen Man Hin
• Temporary closure of traffic lights at junction of Jln Damansara, Jln Wan Kadir 3
• Pakatan holds rally in Terengganu
• Police release 18 protestors in front of Jinjang police station
• Unicef welcomes move to protect girl from alleged rapist
• Ahmad Zahid: Adhere to Act or pay a heavy price
• First meeting of first session of 13th Parliament begins June 24
• Special team formed to probe lockup death
• Pandan MP to stand trial for violation of banking secrecy over NFC documents
• EC to start redelineation of electoral constituencies
• DAP's Thanksgiving Rally (updated)
• Zahid asks for evidence of electoral roll impropriety; says he’ll get to the bottom of it
• NFC chief tells court that he trusted the consultant because he claimed he was sent by Dr M
• Home Ministry seizes tabloids published by Opposition

• Ranger, militant killed in Thai south shootout
• Japan man, 80, scales Everest, sets record
• Philippines vows to defend territory against China
• S. Korean girl killed by suicide jumper
• Ecuador warns satellite could hit rocket remains
• Short-story writer Davis wins Booker International Prize
• Two babies among US tornado victims
• Anti-Islamist protests flare following London attack
• 'British solider' butchered in suspected Islamist attack (Updated)

• Rugby: Former All Black coach Henry on misconduct charge
• Ice queen Nicol into British Open quarters
• Australia to consider following ban on anchor putters
• Intxausti wins 16th stage, Nibali still keeps pink jersey
• Indonesia drawn to meet China again – in knockout stage
• Results worldwide
• Malacca sprinter Mohd Azam Masri out to create history by winning five events in MSSM meet
• Athletics runs in the veins of Vallabouy family
• Chinese long jumper Jinzhe claims another Olympic scalp
• Dane Jorgensen’s wish is to avoid Chinese ace Lin Dan in World Championships
• National badminton team’s lack of depth a glaring factor in home tourney
• Khim Wah-V Shem perform above expectations in Sudirman Cup debut
• Jindapon aims to qualify for 2016 Olympics
• Kenichi’s goal is to take Japan into Sudirman Cup semi-finals
• Dong-keun shows he’s a capable replacement

• Please wait.

• Petronas Chemicals Group to invest RM3bil in capital expenditure
• KUB in JV with Singapore's Hiap Seng for Petronas project
• Report: AirAsia X sets indicative price for IPO
• Maybank's Q1 earnings up 11.8% to RM1.506b (Update)
• Dayang Enterprise awards RM705m contract to Perdana Petroleum
• Asean flavour in Invest M’sia confab
• Aeon director: GST won’t affect group
• TDM to plant 5,000ha of new trees every year in Kalimantan
• MISC posts RM300m net profit in Q1, sees challenging year ahead (Update)
• KL Kepong slips to low of RM21.36 as quarterly profit drops

Copyright © 1995-2013 Star Publications (M) Bhd (Co No 10894-D) - Investor Relations