TIEN WAH PRESS HOLDINGS BERHAD
LEVEL 7, SETIA 1, 15 LORONG DUNGUN,
DAMANSARA HEIGHTS, KUALA LUMPUR
Tel: (60) 3 2095 7188
Fax: (60) 3 2093 6325
Listing Date: 02.08.1996
Trading Board: 2ND BOARD
Transfer to MainBoard : 08.10.2007
Trading Board: MAIN BOARD
Sector: INDUSTRIAL
Par Value: 1.00
SIC Code: COMML PRINTING, LITHOGRAPHIC (2752)
Company Brief:
Incorporation and Principal Activities
Tien Wah Press Holdings Berhad (“TWPH”) was incorporated in Malaysia on 15 April 1995 as a private limited company and was converted into a public company on 13 June 1995. The Company was listed on the Second Board of the Kuala Lumpur Stock Exchange on 2 August 1996 and migrated to the Main Board of Bursa Malaysia Securities Berhad on 8 October 2007. Its principal activity is that of investment holding while the activities of its subsidiaries and associate company are those of rotogravure printing, photolithography printing and printing of tipping paper.
Background and Business Overview
The TWP Group's operation began with the establishment of Tien Wah Press (M) Sdn Bhd ("TWPM") on 20 July 1960 with a workforce of 78 involved initially in the operation of photolithography printing specialising in book printing and folding carton conversion. Spurred by the steady growth of its business, TWPM ventured into rotogravure printing technology in 1986 to meet the increasing demand in cigarette cartons and in 1989, it ventured further into printing of tipping materials for cigarette filters.
Since its listing in 1996, the TWP Group developed further by establishing joint venture companies; Benkert (M) Sdn Bhd ("Benkert") in 1998 and Paper Base Converting Sdn Bhd ("PBC") in 1999. Benkert operates as a member of the International Benkert Group who is a major supplier of gravure printed and perforated tipping materials to the global cigarete manufacturers. PBC manufactures aluminium foil laminated paper and paperboard for cigarette packaging and other applications such as liquor and cosmetics. PBC was disposed off to New Toyo Lamination (M)Pte Ltd, a deemed substantial shareholder of TWPH, on 4 december 2008
In 2007, TWPH completed the acquisition of a wholly-owned subsidiary, New Toyo Investments Pte Ltd ("NTIV") from New Toyo International Holdings Ltd ("NTIH") the ultimate shareholder of TWPH. NTIV is an investment holding company which owns 100% of Alliance Print Technologies Co. Ltd ("APT") in Vietnam. This acquisition enabled the TWP Group to enter into Vietnam, a market in Southeast Asia with strong growth, an attractive tax regime and low production cost.
On 8 September 2008, TWPH acquired Max Ease International Limited ("MEIL"),, a company incorporated and domiciled in Hong Kong Special Administrative Region of the People's Republic of China, and converted it into a joint venture company with NTIH. Through MEIL, TWP Group expanded its operations into the Australasia region by acquiring Anzpac Services (Australia) Pty Ltd (Anzpac"), based in Sydney, Australia. The acquisition of Anzpac was completed on 31 October 2008.
Also in 2008, the Group, together with substantial shareholder and ultimate holding company New Toyo International Holdings Ltd, successfully bid for a seven year exclusive supply agreement to supply British American Tobacco printed carton requirements in Australasia, Vietnam, Singapore and alaysia. Fulfilling the demands spelt out in this agreement now represents the Group's core business.
In 2009, TWPH acquired Toyo (Viet) Paper Product Co.Ltd., a company incorporated and domiciled in Vietnam. This move represents one of the many strategies undertaken by the Group to expand operatin capacity.
TWP Group's manufacturing operations are presently sited at factories located at Petaling Jaya and Puchong in Malaysia, Vietnam - Singapore Industrial Park and Binh Chieu Industrial Park in Ho Chi Minh City, Vietnam, and Smithfield Sydney, Australia. TWP is reputed as a high quality print packaging company offering excellent quality materials using state-of-the-art printing technologies. In terms of market share, the TWP Group is one of the top 5 printers in Malaysia, and a major player in South East Asia and Australasia. Supported by its staff of about 700, the TWP Group will continue to focus on developing its core competencies and consolidating its strengths to enable us to maintain its leading edge in the industry both locally and globally.
The TWP Group, established over five decades ago and built on a strong financial position, dedicated work force and extensive market coverage, remains firm in providing quality products and services to its customers.
The ultimate holding company is New Toyo International Holdings Ltd, a company listed on the Main Board of the Singapore Stock Exchange.
