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 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 8,200 acres spanning seven states across Peninsular Malaysia, we are proud to have completed more than 30,000 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’.
Lim Peng Jin
Managing Director/Chief Executive Officer
A Passion For Packaging and Building Affordable Homes
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.
Vision
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’.
Lim Peng Jin
Managing Director/Chief Executive Officer
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.
To Grow The Scientex Community For A Better Tomorrow
To Double Up Every Five Years
Protection
Convenience
Hygiene & Safety
Food Waste Reduction
Our property division endeavours to support the Malaysian community through the provision of affordable yet quality homes.
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.
BELIEF
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
NATURE and SCIENCE
We respect the laws of nature and science as we seek solutions and attempt to tackle different challenges
ENERGY
Flowing water gathers momentum and builds up energy that we harness to break barriers, leap forward and surge ahead
MODESTY
We remain humble, like a drop of water in the ocean, yet like the mighty waves, we think big and aim high
FLEXIBILITY
Like the flexibility of water, we always adopt a fluid and adaptable stance in responding to challenges
PURITY
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 positivity
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.
Awards and Certifications
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.
Corporate Milestones
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.