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.