WTEC GROUP BHD
MMYX:WTEC0.12
MYR
-0.01
(-8.00%)
WTEC GROUP BHD
MYX:WTEC
(Bursa Malaysia)
Recent
price
0.12
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- WTEC Group Berhad is a Malaysia-based investment holding company that specializes in the manufacturing, converting, and trading of technical foam and non-foam products for industrial and commercial applications. Founded in 2001 and headquartered in Semenyih, Selangor, Malaysia, the company operates primarily through its subsidiaries, including WTEC Sdn. Bhd. and WanMei Specialty Tech Sdn. Bhd. The group's product portfolio encompasses polyurethane, polyethylene, ethylene-vinyl acetate, chloroprene rubber, nitrile butadiene rubber, melamine, and reticulated foam; non-foam products including non-woven fabrics, industrial felts, and synthetic sponges; and converted components such as custom cushioning, acoustic insulation, vibration dampening pads, protective packaging, seals, and gaskets. Additionally, the company provides value-added converting and fabrication services, comprising precision die-cutting; flame and water-based adhesive lamination; contour cutting and slicing; thermoforming; sewing; and bespoke component assembly. WTEC Group Berhad caters to diverse end markets, including the automotive, electrical and electronics, construction, aerospace, medical, and consumer cleaning sectors, serving domestic clients in Malaysia as well as export markets across Vietnam, Thailand, Australia, and other Asia-Pacific territories. In recent developments, the company completed its initial public offering and listed on the ACE Market of Bursa Malaysia in April 2025, raising RM22.5 million to finance operational expansion. In tandem with its public listing, the group restructured its operational identity by rebranding its principal operating subsidiary from Wansern Technology Sdn. Bhd. to WTEC Sdn. Bhd., while allocating capital toward acquiring new manufacturing facilities and machinery in Semenyih to consolidate operations and scale production capacity.