Smart Asia Chemical Bhd
MMYX:SMART0.15
MYR
+0.02
(+11.11%)
Smart Asia Chemical Bhd
MYX:SMART
(Bursa Malaysia)
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0.15
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ROIC.AI
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- Business
- Smart Asia Chemical Bhd is a Malaysia-based investment holding company primarily engaged in the development, manufacturing, distribution, and sale of decorative paints, protective coatings, and related chemical solutions for residential, commercial, and industrial applications. The company operates through three principal business segments: Manufacturing, Sale and Trading, and Others. Its core product and service portfolio encompasses decorative paints, including interior and exterior architectural paints, water-based and solvent-based coatings, primers, sealers, wood finishes, and textured finishes marketed under proprietary house brands such as Smart Paints, Toplus, Durra Paints, and Hunter Paints; protective coatings, comprising industrial coatings, heavy-duty epoxy finishes, polyurethane coatings, anti-corrosive primers, floor coatings, and specialized protective sealants; coating-related chemicals, including specialized colorants, binding agents, additives, and auxiliary paint chemicals; Original Design Manufacturer (ODM) and customized coating formulation services for third-party brand owners; traded painting sundries, tools, and accessories, including brushes, paint rollers, trays, masking tapes, and abrasives; aerosol spray paints and traded raw materials, such as industrial solvents, pigments, and chemical resins; and point-of-sale Smart Colour POS Tinting Machine deployment, technical support, and painting application services. Headquartered in Ulu Tiram, Johor, Malaysia, with origins tracing back to 2012, Smart Asia Chemical distributes its offerings throughout Malaysia and exports to international markets including Singapore, Brunei, and Myanmar. In recent major developments, the company completed its initial public offering and listed on the ACE Market of Bursa Malaysia in May 2024, raising approximately 37.4 million Malaysian ringgit to finance manufacturing automation, point-of-sale tinting systems, and facility expansion. Concurrently, the company commissioned a 95,170-square-foot automated manufacturing facility in Bemban Industrial Park, Batu Gajah, Perak, expanding its total annual production capacity by 27 million litres to optimize raw material sourcing and scale distribution across northern and central Malaysia. Furthermore, Smart Asia Chemical entered into a strategic joint venture with Keshun International Construction and Trading Sdn Bhd, a subsidiary of China-based Keshun Waterproof Technologies Co., Ltd., establishing Smart CKS Manufacturing Sdn Bhd and Smart CKS Marketing Sdn Bhd to develop, manufacture, and market advanced waterproofing products and specialized construction chemicals across the region.