The Scientex Story
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.
Leading in Packaging and Property
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 plain films, base films and printed films to bags and multilayered 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 7,400 acres spanning seven states across Peninsular Malaysia, we are proud to have completed more than 25,000 affordable homes to date, providing greater access to home ownership for Malaysians.
A Message from Our
Chief Executive Officer
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’.
Vision & Purpose
Building Better Tomorrows
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.
Our Corporate Philosophy
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.
Our Value Creation Story
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 Value Creation Business Model
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.
A Sturdy Track Record of Progress
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.
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.
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.
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.