Megachem's Journey began on 12 September 1988 in Singapore as a distributor of chemicals.
Within a year of operation we expanded into the Malaysian market
We moved from a modest office to a 5,000 sf office/ warehouse.
We invested 49% in Megachem Thailand Co Ltd.
Success in Singapore, Malaysia, Thailand led us to expand further into Indonesia.
We moved our Singapore HQ to a 46,000 sf office/ warehouse in Tuas.
We expanded our geographical footprint further with a presence in Philippines.
We establish our own quality control and applications laboratory to provide quality control and technical support to our customers.
To tap into the rapidly growing China market, we set up a subsidiary in Shanghai.
In the same year, we ventured into the European market with a presence in UK.
At the turn of the new millennium, we made our foray into manufacturing with an objective of transforming Megachem into an integrated specialty chemical business.
In October 2003 Megachem moved itself to the bigger stage with the listing of its shares in the Singapore Stock Exchange. The public share issue received overwhelming response with oversubscription of 472 times. Its shares commenced trading on 17 October 2003.
In 2004 we saw the potential in the Vietnam market and thus set up a representative office there.
India liaison office was set up as part of strategy to establish a global market.
With a plan to penetrate the China market further, a branch office was set up in Beijing.
The establishment of our subsidiary in Dubai, UAE demonstrated our commitment towards building a global network.
Megachem celebrates its 20 years in business with a record year of sales revenue.
Megachem emerged from the US financial crisis with record level sales for FY2009.
Our representative office in India was converted to a wholly-owned subsidiary.
Megachem achieved record sales and profit for FY2010.
Our representative office in Vietnam was converted to a wholly-owned subsidiary thus intensifying our presence there.
Purchased another factory in Singapore to develop its manufacturing activities as an engine of growth.
Establishment of a subsidiary in Australia further expanded Megachem geographic footprint.
Megachem delivered yet another year of record sales and profit for FY2011. Sales surpassed S$100 million mark for the first time.
Completion of the expansion of its production facility in Singapore, laid the platform for accelerating growth in our manufacturing activities.
Megachem welcomed Chori, a leading Japanese trading group, as Shareholder and Partner. Both Chori and Megachem are expected to benefit from each other's synergistic capabilities in chemicals.
On the back of lingering Euro debt problems and slower economic growth, sales surpassed S$100 million for second consecutive years.
25th Anniversary - Celebration of past Successes. Building of a better Future.
Purchased a piece of industrial land in Klang, Malaysia to build a warehouse facility to enhance its logistic infrastructure
MegaChem Wins Four Awards At The Prestigious Singapore Corporate Awards