Scientex Announces Quarter 2 FY2022 Results
Scientex » Who We Are
Over the years, we have consistently grown our dual core businesses of Packaging and Property to become a recognised name in flexible plastic packaging solutions and affordable housing.
A publicly listed company on the Main Market of Bursa Malaysia Securities Berhad since 1990, we are a leading manufacturer in flexible plastic packaging and a prominent developer of affordable homes in Malaysia.
From our humble beginnings in 1968, our drive to achieve continuous growth has seen us become one of the world’s top manufacturers of stretch film and an end-to-end flexible plastic packaging producer with a presence across the packaging value chain, from stretch films, base films and printed films to bags and multi-layered flexible plastic packaging solutions used in industrial and consumer packaging.
Our Property Division, meanwhile, focused on our core objective of addressing the growing need for affordable housing. With land banks exceeding 7,600 acres spanning seven states across Peninsular Malaysia, we are proud to have completed more than 26,000 affordable homes to date, providing greater access to home ownership for Malaysians.
Managing Director/Chief Executive Officer
Since 1997 when we commissioned our first stretch film line, Scientex has grown in stature and indeed has transformed to become one of the world’s top producers of stretch film. With continuous efforts, we have also successfully developed the 4.5 micron film, the world’s thinnest stretch film produced directly from a cast machine in a single process. Scientex continues to harbour greater ambitions as we plan for a sustainable future in terms of market driven innovative eco-friendly products and increasing productivity and efficiency through, amongst others, adoption of automation in line with Industry 4.0 practices.
The Group’s Fundamental Strategies namely to ‘Invest in Growth’ and ‘Grow Economic Engine’ has provided a solid foundation for defining our business processes and value creation activities that drives our progress, while our third strategy to ‘Inspire Our People’ ensures that we nurture and retain our most valued human capital.
For our Packaging Division, the strings of acquisitions from Great Wall Plastic Industries in 2013 to Daibochi Berhad and Mega Printing and Packaging Sdn Bhd in 2018 and 2019 respectively were prime examples of our aspiration to invest in growth and grow not just our capacity and scale, but also in terms of our diversity of know-how, experience and expertise. By leveraging on the Group’s combined strengths and expertise, the Group now offers an integrated packaging product stretch across the packaging value chain, from plain film, base film and printed film to bags and multi-layered flexible plastic packaging. We are committed to provide innovative flexible plastic packaging solutions which addresses a myriad of customer needs in terms of protection, convenience, hygiene and safety and lastly food waste reduction.
Our diversified expertise and capabilities have further attracted local and multinational customers and brand owners in the innovation and development of new and sustainable packaging products. With our diversified, inventive and sustainable manufacturing expertise, Scientex is poised to further tap into the growing global demand for such flexible plastic packaging products driven by rapid population growth, lifestyle changes, increasing urbanisation and heightened awareness and emphasis on hygiene and safety.
1997 was also the year when our Property Division officially launched the very first property development project at Pasir Gudang, Johor. With our purpose of providing quality affordable homes to the Malaysian communities, our core focus on affordable housing and emphasis on its growth has fueled aggressive land-banking and development activities in recent years.
To achieve our growing aspirations, we have adopted a simple yet effective “cross boundary” strategy as we looked beyond our existing markets and expanded our geographical footprint from our traditional bases in Johor and Melaka to the central states of Perak, Selangor and Negeri Sembilan as well as up north to Penang and Kedah as we seek to develop more affordable housing in previously uncharted territories. As at FY2021, we have completed a total of 25,297 units of affordable homes, well on target to achieve our aim to complete 50,000 units of affordable home by 2028. We remain confident that the demand for such affordable housing which is supported by various governmental agencies and authorities and policy initiatives such as accommodative interest rate regime will continue to spur and drive the growth in this segment.
Backed by a strong financial position and leveraging upon our status as a global flexible plastic packaging player and reputable Malaysian developer of affordable homes, Scientex is well prepared to usher in another era of robust growth led by our Vision – ‘To Grow The Scientex Community For A Better Tomorrow’ and ’To Double Up Every Five Years’.
Our robust progress over the years has been spearheaded by the clear objectives set forth in ‘Our Vision’ and ‘Our Purpose’ statements below.
Even as we strive for exponential growth, we remain mindful of our responsibilities towards our community and the environment as well
as our stakeholders who continue to put their faith in our products and services.
To Grow The Scientex Community For A Better Tomorrow
To Double Up Every Five Years
Hygiene & Safety
Food Waste Reduction
Our property division endeavours to support the Malaysian community through the provision of affordable yet quality homes.
Behind our successes is our corporate
philosophy of ‘Management Like
Water’ . The strategies we employ may change over time, but our philosophy
remains the constant behind everything
we do. Our corporate philosophy is
based on six separate and inter-related
facets as described below.
We instil belief that what we produce
for the world is as vital and valuable
as water, and our output contributes
to the betterment of society
We respect the laws of nature and
science as we seek solutions and
attempt to tackle different challenges
Flowing water gathers momentum
and builds up energy that we harness
to break barriers, leap forward and
We remain humble, like a drop of
water in the ocean, yet like the mighty
waves, we think big and aim high
Like the flexibility of water, we always
adopt a fluid and adaptable stance in
responding to challenges
In the face of success or failure, the
purity and cleansing properties of
water remind us to always stay true
to ourselves and move forward with
Our value creation story outlines the detailed considerations we make in order to maintain our competitive advantage in the markets where we operate.
Through analysis of internal and external factors, we formulate strategies that maximise the use of our capital resources and deliver tangible contributions towards our Drivers of Growth. Our strategies are then implemented through our established business processes in both the Packaging and Property Division.
At the same time, we reinvest to empower our growth objectives outlined within our vision ‘To Grow The Scientex Community For A Better Tomorrow’ and ‘To Double Up Every Five Years’.
Environmental, Social and Governance (ESG) factors also play a key role in our considerations and we have further aligned our approach with various United Nations Sustainable Development Goals (UN SDGs) to which our initiatives contribute.
Our complete value creation business model below demonstrates how we transform our inputs into positive and sustainable outputs and outcomes that benefit our long-term business prospects and generate shared value for our stakeholders.
Our successes are the result of our hard-working commitment towards excellence and we are proud to have garnered recognition from various regional and international award-giving bodies.
From humble beginnings, Scientex has charted a meteoric rise within the global and regional packaging industry as well as the domestic property market. Peruse the highlights of our remarkable journey below.
Scientex acquires 219 acres of freehold land in Klebang, Perak
Scientex expands Klang Valley footprint with 251-acre land purchase in Jenjarom, Selangor
Scientex plans 7th township in Johor on 960-acre freehold land in Tebrau
Scientex to increase affordable homes offerings in Penang via the acquisition of 343 acres of freehold land in North Seberang Perai
Scientex strengthen presence in Northern Region with the acquisition of 161.6 acres of freehold land in Sungai Petani, Kedah.
Scientex strengthen presence in Johor with 202.2 acre landbank acquisition in Pulai
Scientex acquires 1,357.45 acres of freehold land in Jasin, Melaka
Scientex continues to expand its Klang Valley property footprint via the acquisition of 138.6 acres of land in Cheras
Scientex acquires land in Kota Tinggi, Johor
Scientex strengthen its presence in Melaka with 158 acres landbank acquisition in Jasin
Scientex Property first foray into Negeri Sembilan
Scientex Phoenix – Lancaster, South Carolina Plant
Scientex Property First Foray Into Penang
Scientex acquires 166.5 acres of freehold land in Kundang, Rawang
Scientex’s subsidiary, Daibochi Berhad acquires Mega Printing & Packaging Sdn Bhd
Official Launch of Rumah Belia Melaka Scheme at Scientex Durian Tunggal
Scientex unveils first township in Klang Valley – Taman Scientex Park, Rawang
Scientex 50th Anniversary Dinner Celebration
In November 14 2018, Scientex expands flexible packaging business with proposed acquisition of 42% stake in Daibochi.
On 7 November 2018, Scientex unveils its 50 years growth journey chronicles in its coffee table book. It aspires to develop 50,000 affordable homes by 2028.
In September 2018, Scientex Officiates grand opening of sales gallery and show houses of 121-acre mixed development Taman Scientex Utama (Senai 2) Estimated gross development value (GDV) of RM1.3 billion
In August 2018, Scientex acquired 209 acres of land opposite the existing Scientex Durian Tunggal development for RM68.2 million.
In May 2018, Scientex Packaging Film Sdn Bhd (“SPFSB”) completed the acquisition of Klang Hock Plastic Industries Sdn Bhd (“KHPI”)
On 4th February 2018, Scientex official launch of Meru 2. Its third development site in Ipoh, Perak.
In January 2018 Scientex commencement of first stretch film plant in Phoenix, Arizona, USA.
In December 2017, Scientex acquired 335.6 acres of land In Johor.
In November 2017, official opening of sales gallery and showhouse – Scientex Durian Tunggal Melaka
Scientex announces conditional purchase of 65.3 acres of development land in Rawang, Selangor for mixed development projects.
In December 2016, Scientex expanded its Johor landbank with the acquisition of another 121 acres of strategically located lands in Senai, Johor which will provide future impetus for its affordable housing in the State of Johor in the coming years.
In November 2016, Scientex moved to a new corporate headquarters in Shah Alam.
Scientex announced the formation of the wholly owned subsidiary of Scientex Packaging Film Sdn Bhd known as Scientex Phoenix, LLC which will manufacture quality stretch film for the North, Central and South America markets. The plant will be located in Phoenix, Arizona, USA
In November 2016, Scientex signed a sales and purchase agreement to acquire 197.4 acres of development land in the Mukim of Durian Tunggal, Alor Gajah, Melaka to cater to the growing needs of affordable housing in the state.
The commencing of the purpose-built state-of-art facility was officiated by Y.B Datuk Ahmad Maslan the former Deputy Minister of International Trade & Industry on 29 September 2016.
In March 2016, Scientex’s brand new CPP plant which is located in Melaka officially commenced operations.
In March 2016, Scientex signed two sales and purchase agreements for the acquisition of the two pieces of freehold lands in Klebang and Meru in Ipoh, Perak measuring a total of 25 acres, marking its first property development foray into northern Peninsular Malaysia.
The Group had in August 2015 successfully acquired a 100% stake in Mondi Ipoh Sdn Bhd (now known as Scientex Great Wall (Ipoh) Sdn Bhd), an established Perak based manufacturer of industrial and consumer packaging company which offers the Group a further diversification of international clientele base and product portfolio.
The Group, through its wholly owned subsidiary, Scientex Quatari Sdn Bhd, entered into 2 conditional sale and purchase agreements with the vendors to acquire 326 acres of freehold lands in Pulai, Johor for a sum of approximately RM220 million. Upon completion of the proposed acquisition in January 2016, it will boost the landbank of the Group and enable the Group to see more launches of affordable homes in the State of Johor.
With the setting up of the Scientex Techinal Film Centre which has state-of-art testing facilities, the Group can work closely together with its major MNC clients to focus on new product development and quality improvements as part of its efforts to further boost demand for its products in the future.
Futamura Chemical Co., Ltd, the largest BOPP film producer in Japan, took up a 5% equity stake in Scientex Great Wall Sdn Bhd. At the same time Scientex Great Wall Sdn Bhd committed itself to purchase 2 BOPP production lines from Japan Steel Works (JSW), 2 CPP production lines from Reifenhauser, and 1 10 Colour CI Flexo Press (Miraflex CM10) printing machine from Windmoller and Hoelscher.
All consumer packaging business under the Scientex Group has been successfully integrated under Scientex Great Wall Sdn Bhd, giving us the platform to provide the full range of solutions and achieve rapid growth in consumer packaging across the Asia Pacific region.
Scientex International (S) Pte Ltd (SIS) was incorporated in Singapore on 21st February 2014. It is a wholly owned subsidiary of Scientex Berhad. SIS was set up with the sole objective to spearhead the Group’s regional expansion plans into the ASEAN markets and to make Singapore its regional trading hub for the procurement and trading of resins, films and adhesives.
Scientex successfully completed the acquisition of Seacera Polyfilms on 13th February 2014. With this, Scientex has diversified its product range into the manufacturing of BOPP film and tap on the existing customers of Seacera Polyfilms as well as explore new customers to expand this new business unit.
Scientex officially launched Scientex Senai together with its brand new sale gallery on 11 Jan 2014 following the overwhelming demand and record sales of its affordable homes which were completely sold out within five days of its maiden soft launch held in November 2013.
Scientex achieved a monumental milestone in 2013 when, for the first time in its history, Scientex achieved a revenue of RM1.2 billion and a net profit of RM110 mil.
Scientex property division ventured into industrial property development when it launched its maiden industrial property project known as Innoparc in 2013.
Scientex commemorated 45 years of excellence and celebrated the Group’s milestone achievements – Billion Ringgit Company!
Scientex executed conditional share sale agreement in November 2013 to acquire Seacera Polyfilms Sdn Bhd (Seacera Polyfilms), one of the country’s major producers of bi-axially-oriented polypropylene (BOPP) films.
Scientex continued to expand its landbank in Iskandar Malaysia with the acquisition of two pieces of freehold lands measuring a total of 48.4 acres in Kulai, Johor.
Scientex further expanded its landbank in Johor in 2012 when it purchased 250 acres of land in Senai. This land is in close proximity to Senai International Airport making it ideal for an industrial hub.
With the additional floor space, Scientex installed Asia first nano technology cast line which is capable of producing a 22 layer film.
Scientex also expanded its Pulau Indah stretch film facility in 2013 to cater for 3 additional production lines as well as having a total of 33 loading bays.
In 2013, Scientex ventured into the food packaging segment by acquiring Great Wall Plastic Industries Berhad and GW Packaging Sdn. Bhd.
In the pursuit to be the largest stretch film producer in the world, we acquired another 12.5 acres of industrial land in Pulau Indah in 2011.
Scientex’s foray into property development continued with the acquisition of 146 acres of land in Skudai in 2010. Taman Mutiara Mas would be Scientex’s crown jewel in property development.
Scientex achieved a capacity of 100,000MT of stretch film in 2010 with the commissioning of its 8th cast film line.
Pan Pacific Straptex cemented its place as one of the largest producer of PP strapping band in Asia after the completion of their 2nd factory in 2009.
In 2009, Scientex acquired the remaining paid-up capital of Rising Heights Development Sdn. Bhd. which owns 186 acres of residential and commercial development known as Taman Muzaffar Heights in Ayer Keroh, Melaka.
Scientex Foundation, a charitable trust was set up in 2008 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 ventured into the tying tape (raffia) industry in 2008, when we joint ventured with Tsukasa Chemical Industry Co., Ltd. of Japan to manufacture HDPE raffia tape in the Vietnam plant.
Voluntary take-over offer to privatise Scientex Packaging Berhad (SciPack) was successfully completed and SciPack became a wholly-owned subsidiary of Scientex Bhd
In a rebranding exercise in 2008, Scientex changed its name to “Scientex Berhad” to better reflect its diversified operations. At the same time, a new corporate logo and tagline of “healthy, friendly & happy” was introduced.
A year after purchasing the land in Kulai, Scientex officially launched Scientex Kulai in March 2008.
Scientex increased its property landbank in Johor in 2007 when we acquired 250 acres of prime freehold land in Kulai for RM 33 mil. This piece of land is strategically located in the Iskandar Malaysia region.
To cater to various segments of property purchasers, Scientex opened its new show village in 2007. This show village showcased a sales office as well as various show houses.
In 2006, Scientex Packaging Film expanded its stretch film operations in Pulau Indah by building a new factory costing RM 50 mil beside the existing factory.
Scientex expanded its PP & PE woven bags, and FIBC bulk bags operations in 2005 by setting up its second manufacturing plant in Vietnam.
Scientex expanded its landbank in Pasir Gudang by acquiring 95 acres of freehold land next to its Taman Scientex in 2005.
WCB changed its name to Scientex Packaging Berhad to better reflect its core business of industrial packaging
Scientex expanded into the food packaging industry when it entered into a joint venture with Mitsui Takeda Checimals, Inc. from Japan in 2002 to set up the first adhesive plant in ASEAN to manufacture and market adhesive materials for flexible food packaging.
In 2000, Scientex acquired 9.2 acres of land in Pulau Indah to house its stretch film production facilities. 3 years later, we added another 4.5 acres, making it a total of 13.7 acres. In years to come, this would be the world’s largest stretch film production facility in a single location.
1997 also saw Scientex venturing into the PP strapping band business when Woventex Corporation Berhad entered into a joint venture with Tsukasa Chemical Industry Co., Ltd.
Scientex stature as a reputable property developer was enhanced when Johor’s then Menteri Besar officiated a ground breaking ceremony in Taman Scientex in 1997.
In 1997, Scientex ventured into the stretch film business through its subsidiary Scientex Packaging Film Sdn. Bhd. which commissioned its first stretch film production line (Line 21). This line had a capacity of 8,000 MT. This was the start of Scientex’s meteoric rise in the stretch film industry.
In 1996, Woventex Corporation Berhad was successfully listed on the Second Board of the KLSE.
1n 1996, Yamatex entered into a joint venture with Yamato and Mitsui to set up Scientex Polymer (Vietnam) Co., Ltd. to produce tufted carpet mats in Vietnam.
To better reflect the Group’s diversified activities, Scientex Industries Berhad changed its name to Scientex Incorporated Berhad in 1995
In 1994, SIB acquired Scientex Containers Sdn. Bhd. to manufacture and market corrugated carton boxes for industrial packaging industry.
In 1993, SIB signed a license and technical agreement with Yamato Chemical Ind. Co., Ltd . to manufacture PVC/PP foamed sheets for automotive interior.
Taman Scientex Pasir Gudang was a result of a Joint Venture in 1993 with the Singapore’s Lim Kah Ngam Group to develop 33% of SIB’s land in Johor.
SIB became a public listed company on Feb 8, 1990 when it was granted listing on the Main Board of the Kuala Lumpur Stock Exchange (KLSE) now know as Bursa Malaysia.
SIB’s subsidiary, Woventex Sdn. Bhd.’s new plant in Melaka commenced operations in 1990.
SIB signed a JV agreement with Mitsui & Co., Ltd. and Yamato Chemical Ind. Co., Ltd. to set up Yamatex (Malaysia) Sdn. Bhd. to produce and market tufted carpet mats for automobiles in its Shah Alam plant.
Scientex diversified into plantation business by investing into Scientex Quatari Sdn Bhd, which owns 1,004 acres of plantation land near Pasir Gudang, Johor. This would turn out to be the stepping stone in Scientex’s foray as a premier property developer in Malaysia.
SIB relocated its operations from Johor Bahru to its present location in Shah Alam in 1974.
In 1971, SIB acquired an additional 5 acres of industrial land in Shah Alam for its Phase 2 (1972) and Phase 3 (1974) expansion plans.
SIB acquired 3 acres of industrial land in Shah Alam for Phase 1 factory expansion in 1970.
In 1970, we became a public company and changed our name to Scientex Industries Berhad (SIB).
Scientific Textile Industries Sdn. Bhd. was established on June 25, 1968 in Johor Bahru to manufacture PVC leather and sheeting. We began operations with 40 staff from a rented factory lot.
No. 9, Persiaran Selangor,
Seksyen 15, 40200 Shah Alam,
Selangor Darul Ehsan, Malaysia.
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