{
  "id": 19491071,
  "title": "L&P Global proposes diversification into retail trade and construction amid packaging headwinds",
  "url": "https://urgent.news/2026/11/11/l-p-global-proposes-diversification-into-retail-trade-and",
  "topic": "world",
  "section": "World",
  "published": "2026-11-11T12:04:44.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/11/1575629/lp-global-proposes-diversification-retail-trade-and-construction"
  },
  "original_language": "en",
  "account": "Industrial packaging firm L&P Global Bhd has proposed expanding its business into retail trade and general contracting sectors, amid declining demand for its packaging services. The company's revenue dropped from RM167.04 million in FY2023 to RM74.69 million in FY2025, leading to a net loss in FY2025. In response, L&P aims to diversify by entering the wholesale and retail trade sector, focusing on business-to-business (B2B) and business-to-consumer (B2C) sales of various products. The group has signed MoUs with two potential partners for supplying hospitality products and groceries, respectively. Additionally, L&P intends to venture into general contracting and centralised procurement, covering building construction and procurement of construction materials. The company has secured two contracts worth RM11.76 million in this area. L&P plans to establish five retail locations in the Klang Valley, with estimated costs of around RM3 million per store. New leadership will be appointed to head the expanded operations, funded through a mix of internally generated funds, bank borrowings, and potential fundraising.",
  "summary": "KUALA LUMPUR: Main Market-listed industrial packaging specialist L&P Global Bhd had proposed a diversification of its existing core business into the wholesale and retail trade sector, as well as general contracting and centralised procurement.",
  "key_points": [
    "L&P Global proposes diversifying into retail trade and construction sectors",
    "Revenue dropped from RM167.04 million in FY2023 to RM74.69 million in FY2025",
    "Company plans to open five retail locations in Klang Valley"
  ],
  "editors_take": "Shifting focus toward retail and construction signals a desperate pivot to stabilize a business model crippled by a massive revenue collapse and recent net losses in its core packaging segment.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}