Bwys Group Berhad (Malaysia)

The Company was s incorporated in Malaysia under the Act on 4 January 2023 as a public limited company.
The Company s principal activity is investment holding. Through our subsidiaries, the company are principally involved in manufacturing of sheet metal products and supply of scaffoldings. To complement our manufacturing of sheet metal products and supply of scaffoldings, the company also engage in trading of steel materials and steel related products.
1999 - BWYS Steel was incorporated under its former name of BW Yee Seng Hardware Trading Sdn Bhd before changing to its present name in 2015. BWYS Steel commenced operations and was mainly involved in the trading of steel products.
2006 - BWYS Steel acquired a 3-acre land in Bukit Mertajam, Penang and commenced the sales and rental of scaffoldings in the same year.
2008 - YS Success was incorporated under the name Prima Max Scaffold System Sdn Bhd before assuming its present name in 2009. Through YS Success, the company commenced operations in the sales of roofing sheets and other building related materials in 2010.
2009 - As part of our business expansion to other states in Malaysia through acquisition, KBH acquired 50.00 equity interest for a total consideration of RM4.0 million in Bekalan PIE Sdn Bhd, a company involved in the trading of iron and steel products and reconditioning of scaffoldings in Klang, Selangor. The remaining 50.00 equity interest was then held by two unrelated parties (Goh Eng Thye and Tan Lai Huat). In 2018, the two unrelated parties divested their equity interest to KBH for a total consideration of RM7.0 million. The company later changed its name to BW Scaffold in 2019.
BWYSSB was incorporated under the name BW Yee Seng Steel (M) Sdn Bhd before assuming its present name in 2023. BWYSSB established a branch office in Johor in the same year to cater for customers in Southern Peninsular Malaysia and subsequently BWYSSB commenced operations in 2010 where it was principally involved in the trading of building materials and hardware.
2011 - As part of our product expansion, YS Success invested in 2 roll forming machines for the manufacturing of roofing sheets and commenced the manufacture of roofing sheets in our manufacturing facility in Bukit Mertajam, Penang. To further expand our business geographically, we incorporated BWYS Timur to carry out the manufacturing of roofing sheets at the Kota Bharu Factory. BWYS Timur commenced operations in the same year and mainly serves customers in the East Coast of Peninsular Malaysia. YS Success acquired the “Metech” brand from Mefu Industries Sdn Bhd, a manufacturer of industrial racking systems and we commenced the manufacturing of industrial racking systems in 2012.
YS Global was incorporated under the name BW Yee Seng (Perlis) Sdn Bhd and changed its name to YS Global Pipes Sdn Bhd in 2014. YS Global commenced business operations in 2015 as a manufacturer of carbon steel welded pipes in Penang 1571 Factory. YS Success held 80.0 of equity interest in YS Global and the remaining 20.0 were held by two unrelated parties (Lim Saw Hong and Chuah Choon Lim) in 2014. In 2021, the two unrelated parties divested their equity interest to YS Success for a total consideration of approximately RM0.4 million.
2013 - YS Success acquired the Penang 1571 Factory and we moved our head office from Bukit Mertajam to Penang 1571 Factory.
2017 - YS Global Pipes Sdn Bhd disposed the pipe manufacturing business including all the machinery and equipment to YS Success. Pursuant to the disposal of the pipe manufacturing business, YS Global Pipe Sdn Bhd ceased its business operation. The company restructured our business operations where our roofing sheets and trusses manufacturing operations were placed under BWYS Steel, and our sales of scaffoldings were placed under BW Scaffold while rental of scaffoldings were undertaken by BW Scaffold and BWYSSB. Meanwhile, our welded pipe manufacturing operations were placed under YS Success and our industrial racking systems manufacturing operations were placed under YS Success and YS Global. BWYS Timur continued its business operation in the manufacturing of roofing sheets and trusses. Through YS Success, we made our first export sales where we exported industrial racking systems to Bangladesh. We continued to export industrial racking systems to other countries including the Philippines and Australia in the same year, and several other countries including Saudi Arabia, UAE, Sri Lanka and Singapore between 2018 and 2019.
2019 - BW Scaffold acquired Banting Factory and subsequently relocated BW Scaffold's operations from Klang, Selangor to this premises in 2020. Through BWYS Steel, the company expanded our presence to the East Malaysia and established branch offices in Kuching and Bintulu in Sarawak to serve our customers in Sarawak.
2020 - YS Global Pipes Sdn Bhd changed its name to YS Global and recommenced business in the same year for the manufacture of industrial racking systems at Bukit Minyak and later relocated to Penang 1572 Factory in 2022. Through YS Global, we secured our first export sales of industrial racking systems to a storage system provider in the USA in 2020 which was subsequently delivered in 2021. We started carrying out the manufacture of roofing sheets at the Banting Factory.
2021 - Through BW Scaffold, the company made our first export of scaffoldings to a trading company in Singapore. BWYS Steel acquired the Lot 1215 Land comprising 1 factory building on a 4-acre land, namely Penang 1572 Factory, and the remaining 8-acre vacant land which we plan to construct New Penang Factory for business expansion. Through BWYS Steel, the company established a branch office in Kota Kinabalu to serve our customers in Sabah.
The World Health Organisation declared COVID-19 a pandemic on 11 March 2020. Commencing from 18 March 2020, the Government of Malaysia implemented measures to reduce COVID-19 transmission in the country, which included, among others, controls on the movement of people within Malaysia, controls on international travel, and restrictions on business, government, educational, cultural, recreational and other activities. Our business operations in Malaysia were temporarily interrupted by these measures.
The first MCO period was from 18 March 2020 to 3 May 2020, and the control measures implemented included, among others, the closure of all businesses except for those classified as essential services or that have received written approval from the MITI to operate, restrictions on the movement of people in Malaysia, and restrictions on international travel into and out of Malaysia.
The company closed our operational facilities on 18 March 2020 pursuant to the first MCO. Our staff who performed executive, administrative and sales and marketing functions worked from home, whenever possible, while our trading operations at our warehouses and manufacturing activities at our operational facilities were temporarily halted. Subsequently, the company resumed operations on the 20 April 2020 upon receiving the written approvals from MITI to operate while following the relevant standard operating procedures (“SOP”) and guidelines.
From 4 May 2020 up to June 2021, the MCO went through various phases in Malaysia including Conditional MCO (“CMCO”), Recovery MCO (“RMCO”) and Enhanced MCO (“EMCO”) where restrictions were relaxed or tightened for specific states, districts and/or locations, based on the number of daily and active COVID-19 cases in the respective areas. On 15 June 2021, the Government of Malaysia announced the National Recovery Plan (“NRP”), a phased exit strategy from the COVID-19 pandemic consisting of four phases where restrictions were gradually eased in each phase. Subsequently, on 1 April 2022, the Government of Malaysia announced that Malaysia was in the “Transition to Endemic” phase where all economic sectors are allowed to operate, and interstate and international travel are allowed, subject to adherence to the relevant SOP and guidelines.
During the various phases of the MCO including CMCO, RMCO and EMCO, the NRP and the Transition to Endemic Phase, we continued to operate according to the specified guidelines and SOP including specified workforce capacity during the respective periods.