Melewar Industrial Group Bhd.
MMYX:MELEWAR0.12
MYR
0.00
(0.00%)
ISIN
MYL3778OO007
Return %
Stock
S&P 500
1Y
-32.35
14.20
3Y
-54.90
81.12
5Y
-73.86
68.34
Capital Structure
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in mil. unless spec.Company Description
- Full Time Employees
- 104
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- Kuala Lumpur Malaysia
- IPO Date
- Jan 1, 1986
- Website
- melewar-mig.com
- Similar Companies
- Business
- Melewar Industrial Group Berhad is a Malaysia-based investment holding and industrial manufacturing company primarily engaged in the manufacturing, processing, and distribution of steel products, alongside specialized building systems and trading services. Founded in 1969 as Maruichi Malaysia Steel Tube Berhad before adopting its current name in 2003, the company is headquartered in Kuala Lumpur, Malaysia, and maintains primary manufacturing and warehousing facilities in Shah Alam, Selangor, catering to domestic and regional markets across Southeast Asia. The company organizes its core operations into distinct business divisions, providing a comprehensive portfolio of industrial products and services: Cold Rolled Coil (CRC) steel sheets and coils used in drum fabrication, roofing, automotive components, and domestic electrical appliances; black welded steel pipes and carbon steel structural tubes for civil engineering, piling, and fluid conveyance; square and rectangular hollow structural sections (SHS and RHS) engineered for commercial and residential construction framing; galvanized steel electrical conduit pipes for industrial power protection; mild steel plain and lipped channels for architectural and purlin systems; precision steel tubing customized for the automotive, motorcycle, bicycle, and metal furniture sectors; modular industrialized building systems (IBS) and prefabricated quick-assembly residential and commercial structures through Ausgard Quick Assembly Systems Sdn Bhd; fast-moving food product trading and wholesale distribution via 3Bumi Sdn Bhd; and industrial property investment, management services, and metal scrap recycling. In recent corporate and operational developments, Melewar Industrial Group Berhad has advanced internal structural rationalizations to consolidate its manufacturing footprint and optimize operational workflows. The group completed a key intra-group asset restructuring involving the transfer and disposal of prime industrial property in Shah Alam to its core operating steel tube subsidiary, Melewar Steel Tube Sdn Bhd, under Mycron Steel Berhad for RM30.0 million to unify facility ownership and manufacturing operations. Simultaneously, the group has prioritized operational efficiencies and line upgrades across its tube milling and cold-rolling plants to mitigate steel raw material price volatility, enhance yield margins, and address increasing regional demand for certified green and lower-carbon construction materials. The company also continually updates its corporate governance framework, renewing share buy-back authorizations and recurrent related-party transaction mandates to support long-term capital allocation across its core industrial holdings.