Scientex Bhd

Corporate Milestones

1968	Scientex was established as Scientific Textile Industries Sdn Bhd to manufacture and market PVC leather cloth and sheeting.
1969	Scientific Textile Industries Sdn Bhd was converted into a public company.
1970	Scientific Textile Industries Berhad changed its name to Scientex Industries Berhad.
1985	A new subsidiary Woventex Sdn Bhd was established to manufacture polypropylene (PP) and polyethylene (PE) woven bags.
1990	Scientex Industries Bhd was listed on the main market of the Kuala Lumpur Stock Exchange (now known as Bursa Malaysia Securities Berhad).
1993	Scientex Industries Bhd through its subsidiary, Scientex Quatari Sdn Bhd set up a joint venture with the Lim Kah Ngam group of companies of Singapore, known as Scientex Park (M) Sdn Bhd, to develop its first flagship property development project known as Taman Scientex in Pasir Gudang, Johor.
1994	Scientex Industries Bhd acquired Scientex Containers Sdn Bhd (then known as Seremban Fibre Containers Bhd), manufacturer of corrugated carton boxes to complement its PVC leather cloth and sheeting, and woven bags business operations.
1995	Scientex Industries Bhd ventured into the manufacture of stretch film by setting up Scientex Packaging Film Sdn Bhd. Its first stretch film manufacturing plant with two production lines was set up at the Group’s Shah Alam factory. It consolidated its polymer operations under a new subsidiary, Scientex Polymer Sdn Bhd while its woven bag operations under Woventex Sdn Bhd, was consolidated under Woventex Corporation Bhd (Woventex). Scientex Industries Bhd changed its name to Scientex Incorporated Bhd to better reflect the Group’s diversified activities.
1996	Woventex was successfully listed on the Second Board of the Bursa Malaysia Securities Berhad and became an associate company of Scientex Incorporated Berhad.
1997	Through a new subsidiary, Pan Pacific Straptex Sdn Bhd, a joint-venture with Tsukasa Chemical Industry Co. Ltd of Japan, Woventex ventured into the manufacture of PP strapping bands. The Johor Menteri Besar officiated the ground-breaking ceremony of its 5-storey low cost flats which forms part of the development of Taman Scientex.
1999	Scientex Packaging Film Sdn Bhd commissioned its second stretch film line at its Shah Alam factory while embarking on the construction of a new stretch film manufacturing facility in Pulau Indah, Port Klang.
2000	Scientex entered into a new joint venture agreement with Sumitomo Bakelite Co. Ltd and Mitsu & Co. Ltd to develop functional processed PVC rigid film.
2001	Scientex Packaging Film Sdn Bhd set up its second stretch film plant with 2 more stretch film production lines were set up at Pulau Indah, raising its annual output capacity from 16,000 MT per annum to 40,000 MT per annum.
2002	Scientex formed a joint venture company known as Cosmo Scientex (M) Sdn Bhd with Mitsui Takeda Chemicals, Inc. of Japan (now known as Mitsui Chemicals Polyurethanes, Inc.) to set up the first urethane prepolymer adhesive plant in ASEAN to manufacture adhesive materials for flexible food packaging.
2003	Scientex Polymer Sdn Bhd expanded its operations to the manufacture of tufted carpet mats for the automotive industry through a rationalization exercise with its Japanese partners whereby Scientex Polymer Sdn Bhd acquired the entire carpet mat business operations in Japan, Vietnam and Malaysia.
2004	Scientex embarked on a rationalization exercise whereby Woventex Corporation Bhd acquired the stretch film and other industrial packaging units from the former and changed its name to Scientex Packaging Berhad (SciPack) to better reflect its core business of industrial packaging. SciPack added two more cast film extrusion lines to increase its annual output capacity from 40,000 MT to 60,000 MT.
2005	SciPack established its first overseas manufacturing plant in Vietnam to manufacture woven bags and FIBC bulk bags. SciPack expanded its stretch film operations in Pulau Indah by building a new factory alongside its existing plant by acquiring three new extrusion stretch film machinery with total investment cost of RM50 million. Production capacity for stretch film increased from 60,000 MT per annum to 90,000 MT per annum. Scientex achieved a landmark revenue of more than RM500 million. Scientex Quatari Sdn Bhd expanded its landbank by acquiring 95 acres of freehold land next to Taman Scientex. A foreign subsidiary, now known now as PT Scientex Indonesia, was established for the sales and marketing of laminating polyurethane adhesives.
2007	Scientex implemented a share split exercise of one Scientex share of RM1.00 each into two Scientex new ordinary shares of RM0.50 each and a bonus issue of up to 70 million shares on the basis of one new ordinary share for every two ordinary shares held after the share split exercise. Scientex Quatari Sdn Bhd further expanded its land bank by acquiring 250 acres of prime land in Kulai, Johor, which is located within the Iskandar Malaysia region. The launch of the 1^st phase of mixed development was held in April 2008.
2008	Scientex Incorporated Bhd made a voluntary general offer to SciPack shareholders to acquire all the SciPack shares not already held by Scientex. The general offer was completed in May 2008, resulting in SciPack becoming a wholly-owned subsidiary of Scientex. SciPack was delisted from the Official List of Bursa Malaysia Securities Berhad on 28 April 2008. Scientex Incorporated Bhd changed its name to Scientex Berhad in March 2008 in line with the Scientex Group’s new corporate identity and launched its new corporate logo with its “healthy, friendly & happy” tagline as part of its branding exercise. Scientex Foundation, a charitable trust was set up to fund and support corporate responsibility activities relating to health and healthcare related services and community projects which aim to protect and preserve the nature and environment. Scientex entered into a joint venture arrangement with Tsukasa Chemical Industry Co. Ltd to manufacture HDPE raffia tape at its plant in Vietnam.
2009	ScientexQuatari Sdn Bhd acquired 52.83% of the entire paid-up capital of Scientex Heights Sdn Bhd (formerly known as Rising Heights Development Sdn Bhd) for a cash consideration of RM9.25 million. Rising Heights Development Sdn Bhd is a property development company with its prime project being the development of 186 acres of residential and commercial development known as Taman Muzaffar Heights in Ayer Keroh, Melaka. Scientex Quatari Sdn Bhd acquired 100% equity interest in Scientex (Skudai) Sdn Bhd (formerly known as Johline Realty Sdn Bhd), a property development company which owns 2 pieces of vacant land in Skudai, Johor totaling 156 acres for a cash consideration of RM65.3 million.

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