Company Profile

 
Magni-Tech Industries Berhad (Co. no. 422585-V) was incorporated in Malaysia on 12 March 1997 and listed on the Second Board of Bursa Malaysia Securities Berhad (Bursa Securities) on 18 April 2000. It was subsequently transferred to the Main Board (now known as Main Market) of Bursa Securities on 8 April 2003. Tan Sri Dato’ Seri Tan Kok Ping is the Chairman and Mr. Tan Poay Seng, the Managing Director.

The Group was initially involved in packaging business, before diversifying into apparel business. On 1 November 2006, Magni completed the acquisition of the entire equity stake in South Island Garment Sdn Bhd, an established apparel manufacturer. The diversification into apparel business has reduced the Group’s reliance on the packaging business and contributed significantly to the growth of the Group.
 
In May 2017, Magni was selected to participate in Phase 1 of the Mid and Small Cap Research Scheme introduced by the Government.
 

Apparel Business

 
For 1st quarter of FYR 2018, the garment business accounted for 91.1% of the Group's revenue.

The Group’s garment business is undertaken by its wholly-owned subsidiary, South Island Garment Sdn Bhd (SIG) which has its manufacturing facilities in Malaysia. SIG also operates in Vietnam through strategic manufacturing partnership with its Vietnamese partner.

With about 40 years of experience in the apparel industry, SIG has built a good reputation in this industry and is known among its customers as a reliable and consistent manufacturer of high-quality and sophisticated woven sportswear. SIG mainly exports its products to international markets such as the USA, European Countries, South America, China, Japan, Mexico, Australia and Canada.

Packaging Business

The packaging businesses are undertaken by Magni’s 2 subsidiaries which have manufacturing facilities in Malaysia. The packaging products are typically used by the manufacturing sector, such as the food, beverage, healthcare, rubber based, consumer household and electronic sub-sectors. Although the packaging products are mainly sold locally, a high percentage of them are used in the packaging of manufactured products destined for the export markets.
 
 
Subsidiaries

(1) South Island Garment Sdn Bhd - Co. No. 24114-U (100%-Owned)
      (Website- in the process of being upgraded)

 

 2468 Solok Perusahaan 2, Kawasan Perusahaan Perai, 13600 Perai, Penang

 Tel : 04-3907827 ; Fax : 04-3907828

 Date / Country of Incorporation : 10 September 1975 / Malaysia

 Business : Manufacturing and sale of garments


(2) South Island Plastics Sdn Bhd - Co. No. 89385-D  (100%-Owned)

 Plot 541, Lorong Perusahaan Baru 2, Prai Industrial Park, 13600 Perai, Penang

 Tel : 04-3992988 ; Fax : 04-3992982 ; Website : www.siplas.com

 Date / Country of Incorporation : 2 September 1982 / Malaysia

 Business : Manufacturing and distribution of flexible plastic packaging materials


(3) Inter-Pacific Packaging Sdn Bhd - Co. No. 186388-V (100%-Owned)

 Lot 897, 984 & 985 Batu 13 Jalan Klang, Puchong 47100, Selangor

 Tel : 03-80611301 ; Fax : 03-80611000 ; Website : www.ippsb.com.my

 Date / Country of Incorporation : 7 September 1989 / Malaysia

 Business : Manufacturing and distribution of corrugated fibreboards, 
 cartons and boxes


(4) South Island Packaging (Penang) Sdn Bhd - Co. No. 23225-D
       (99.64%-Owned)

 Lot 689 Mukim 1, Prai Industrial Park, 13600 Prai, Penang

 Date / Country of Incorporation : 5 June 1975 / Malaysia

 (Ceased offset printing packaging business in Q4-FYR 2017)