S-E Asia plastics recyclers gearing up to benefit from China's ban
Their access to cheap labour and close proximity to China's manufacturing industries work in their favour
Kuala Lumpur
WHEN Seah Kian Hoe was just 10 years old, he would jump on the back of his parent's small truck during school holidays and help them collect scrap, going door-to-door around neighbourhoods in Malaysia's southern state of Johor.
Taking their haul back to the family yard, they would spend hours separating the glass bottles, aluminium cans, discarded newspapers and metal.
Mr Seah now employs 350 people to help him run Heng Hiap Industries, one of Malaysia's top five plastic recycling businesses which processes about 40,000 tonnes of waste per year from both domestic and overseas suppliers.
"Thirty five years ago, it was just scavenging - a very different era compared to now," Mr Seah told the Thomson Reuters Foundation. "I wanted to get into the recycling business and do it differently." Heng Hiap Industries is just one of the South-east Asian plastics recycling companies ge…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
P&G raises annual core profit forecast on resilient demand, price hikes
Cordlife calls for trading halt after shares sink to all-time low, pending announcement
Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom
Swiss watch exports plunge as China and Hong Kong demand dries up
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO