INDIA'S TIMETECH TO START PRODUCTION IN MALAYSIA

NEW DELHI (Bernama) - India's Time Technoplast Ltd (TimeTech) has
announced it will set up its industrial packaging operations in Malaysia early
next year.

The leading polymer product company is making its foray into Malaysia after
its successful venture into Indonesia, North China and Taiwan.

"This project is part of our Asian vision. We have aggressive plans to be in
all major markets in Asia and to become a dependable one-stop shop for
polymer-based industrial packaging products", said Timetech's International
Business Chief C. Hubert in a press statement Friday.

The company is likely to commence production at the end of the first quarter
nmext year.

TimeTech would manufacture high quality plastic packaging products,
including intermediate bulk containers, plastic drums and containers to service
international customers and local industries in Malaysia and Singapore.

The Mumbai-headquartered group operates about 40 production facilities
across the globe.

TimeTech also plans to set up reconditioning and re-bottling plant in the
same premises to provide a full range of products and services to customers.

Without identifying the exact location, the company said the Malaysian plant
would be located about 140 km south of Kuala Lumpur.