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 integrated 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 10,506 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
"Guided by our vision of 'Sustainable Growth, Better Tomorrow’, we remain well-positioned to achieve robust and enduring growth as we drive collective progress for our stakeholders, communities and the planet."
Lim Peng Jin
Managing Director/Chief Executive Officer
Paving the Way to a Sustainable Future
In charting steady progress and growth for the Scientex Group, our vision of “Sustainable Growth, Better Tomorrow” remains our guiding focus. By embedding sustainability at the core of our approach and strategies, we engage the collective efforts of our workforce to integrate it into every facet of our business.
To achieve our sustainability ambitions, we are dedicated to fostering collaborative efforts across the value chain to deliver meaningful and lasting positive impacts.
In our Packaging Division, we leverage our role as an integrated flexible plastic packaging (“FPP”) producer, working closely with customers and brand owners to create sustainable FPP solutions. Through our innovative solutions, we aim to positively impact the environment, aligning our business with wider climate action frameworks and supporting our customers in achieving their sustainability objectives.
Meanwhile, our Property Division remains dedicated to delivering an increasing number of affordable homes, supporting government initiatives and national policies to improve housing accessibility for middle-to-lower-income communities. To this end, our ongoing construction and land acquisition activities remain robust, underpinned by a Cross Border Development Strategy that drives consistent expansion of our development footprint.
Our commitment to sustainability was further reinforced in FY2024 with plans to significantly expand our use of renewable energy. Efforts are underway to install solar photovoltaic (“PV”) systems at an additional 10 of our key Malaysian manufacturing plants and our corporate headquarters. Once complete, these installations will contribute a total renewable energy capacity of approximately 21 MWp, significantly reducing our Scope 2 emissions while also aiding our supply chain in lowering their Scope 3 emissions.
As our focus on sustainability lays a strong foundation for long-term business stability, we continue to progressively enhance our business processes and value creation activities through initiatives and actions that fuel our three Drivers of Growth, namely ‘Capacity’, ‘Efficiency’ and ‘Product Value’. Persistent and ongoing efforts to bolster these fundamentals strengthen our ability to navigate external challenges and seize emerging market opportunities across both our Packaging and Property Divisions.
By intertwining our economic, environmental and social responsibility harmoniously with our growth ambitions, we aspire to drive continual progress toward our vision and ensure our business fosters enduring value for our shareholders, society and the planet.
Thank you for being a part of our journey.
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.
Protection
Convenience
Hygiene & Safety
Food Waste Reduction
Our property division endeavours to support local communities in our locations of operation 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 ‘Sustainable Growth, Better Tomorrow’.
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 detailed 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.