Karyon Industries Berhad 200301010377 (612797-T) (“KIB”) was incorporated in Malaysia on 21 April 2003 as a private limited company under the name Karyon Industries Sdn Bhd. Our Company was converted into a public limited company on 24 July 2003 upon which we assumed its present name.
The successful listing of KIB on the MESDAQ market of Bursa Malaysia Securities Berhad (“Bursa Securities”) on 15 September 2004 had marked an important milestone to the corporate history of the Company, in which our initial public offering was oversubscribed by 91.28 times.
Based on the solid profit track record achieved by the Group over the past years, KIB was officially transferred from the MESDAQ Market (currently known as ACE Market of Bursa Securities) to the Main Market of Bursa Securities with effect from 6 May 2014.
Today, our Group consists of four wholly-owned subsidiary companies, namely Hsing Lung Sdn Bhd, Allbright Industries (M) Sdn Bhd, Karyon (Malaysia) Sdn Bhd and Karyon Ventures Sdn Bhd. The core business of KIB is involve in the manufacturing of polymeric and oleochemical products. Further details on the related companies of KIB are set forth in the Corporate Structure section.
Under the leadership of our founder, Dr. Chua Kee Lam, who holds a PHD degree in chemistry from McMaster University, Hamilton, Ontario, Canada, the Group has progressed over the last decade from a modest trader of polyvinyl chloride (“PVC”) compound under one of its subsidiaries into a regionally recognised polymer and oleochemical manufacturer. The growth of the Group has been tremendous, as the Group has been able to penetrate the polymeric and oleochemical industries, from a single local customer base to a broad spectrum of industries in the local and oversea markets like Singapore, Brunei, Indonesia, Thailand, Vietnam, China, India, South America, Australia and Turkey over the years.
At KIB, we strive to continuously improve our capabilities in product quality, research and development, production efficiency and technical knowledge. In achieving our mission, we are motivated to invest in technological and human resource developments. Over the years, consistent efforts and investments towards upgrading and expansion have also been made in areas of production and control, to ensure premium quality products and achieving high degree of efficiency as to provide our customers with the most competitive products.
As of today, our products have been utilised in a wide range of industries worldwide. As we enter a new arena of the future, our aim is to grow and prosper in alliance with all our valued customers, and continue to be an important partner to their business.