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, now known as Main Market. Its principal activity is that of investment holding while the activities of its subsidiaries, jointly controlled entity and associate company are those of rotogravure and photolithography printing.
The TWPH Group’s operation began with the establishment of Tien Wah Press (Malaya) Sdn Bhd (“TWPM”) on 20 July 1960 with a workforce of 78 involved initially in the operations 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 tobacco packaging.
Since its listing in 1996, TWPH developed further by establishing joint venture companies; Benkert (Malaysia) 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 cigarette manufacturers. PBC manufactures aluminium foil laminated paper and paperboard for cigarette packaging and other applications such as liquor and cosmetics. PBC was disposed to New Toyo Lamination (M) Pte Ltd, a deemed substantial shareholder of TWPH, on 4 December 2008 and the remaining 30% shares in Benkert was disposed to Benkert UK Ltd on 7 March 2017.
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 in Vietnam. This acquisition enabled the TWPH Group to enter into Vietnam, a market in Southeast Asia with strong growth, 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, TWPH 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.
In 2009, TWPH acquired Toyo (Viet) Paper Product Co. Ltd. (“TVP”), a company incorporated and domiciled in Vietnam.
On 16 May 2016, Tien Wah Properties Sdn Bhd (“TWPSB”), a wholly-owned subsidiary of TWPH, entered into a Shareholders’ Agreement with Kemensah Holdings Pte Ltd (“KHPL”), a wholly-owned subsidiary of Lum Chang Holdings Ltd (“LCH”), to form and operate a joint venture company known as Lum Chang Tien Wah Property Sdn Bhd (“LCTWP”), formerly known as Sterling Model Sdn Bhd (“SMSB”) jointly develop the property at No 9 & 11, Jalan Semangat, 46200 Petaling Jaya, Selangor Darul Ehsan into a mixed-use commercial development. The aforesaid property was previously owned by TWPSB.
On 8 March 2016, TWPH incorporated a new wholly- owned subsidiary, Alliance Print Technologies FZE (“APTF”), in Jebel Ali Free Zone, Dubai, United Arab Emirates (“UAE”). The incorporation of APTF enables the TWPH Group to expand its business in a free trade zone market in UAE with signiﬁcant business growth.
On 24 October 2016, TWPH through MEIL, its 51% subsidiary acquired Max View Holdings Limited (“MVHL”), a company incorporated and domiciled in Hong Kong Special Administrative Region of the People’. Through MVHL, TWPH Group expanded its operations into Indonesia by acquiring 100% of PT Bintang Pesona Jagat (“BPJ”), a member of British American Tobacco Group (“BAT Group”) in Indonesia. The acquisition of BPJ was completed on 15 December 2016.
In line with the Group’s re-organisation of its production footprint in order to improve the Group’s strategic positioning to service its customers and reduce operating cost over a longer term, TWPH ceased its printing business in Australia and Malaysia on 15 June 2017 and 20 July 2017 respectively.
TWPH Regional Production Footprint
TWPH Group’s manufacturing operations are presently sited at factories located at:-
Vietnam-Singapore Industrial Park in Ho Chi Minh City, Vietnam
Binh Chieu Industrial Park in Ho Chi Minh City, Vietnam
Jebel Ali Free Zone Authority in Dubai, United Arab Emirates (under development)
Kabupaten Malang in East Java, Indonesia
TWPH Group 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 TWPH Group is a major printer in South East Asia and Australasia. Supported by its staff of about 776, the TWPH Group will continue to focus on developing its core competencies and consolidating its strengths to enable us to maintain our leading edge in the industry regionally.
The TWPH 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.