Chairman's Message
Business Overview
Distribution
Manufacturing
Strengths
Industry Profile
History
Growth Strategy
Board Of Directors
Business Overview
Now, MegaChem continues to maintain its niche in the industry by offering integrated valueadded services which includes manufacturing of proprietary chemicals, contract manufacturing tailored to customers' needs and international distribution of specialty chemicals.
MEGACHEM : YOUR TOTAL CHEMICAL SOLUTIONS' PARTNER
Our Business
Established in 1988, MegaChem has since emerged as a leading chemical player in Singapore and the region. Listed on the Singapore Stock Exchange in 2003, it is today a global one-stop specialty chemical solutions provider, offering integrated value-added services including manufacturing of proprietary chemicals, contract manufacturing tailored to customers' needs as well as international distribution of specialty chemicals.
Our MegaChem Model
The MegaChem Model is centred around these building blocks which has helped us achieve consistent business results over the last 20 years.
OUR COMPETITIVE STRENGTH
Integrated Specialty Chemical Solutions' Provider
MegaChem's capabilities in proprietary chemical products manufacturing, contract manufacturing and global distribution provide customers with integrated solutions thus adding greater value to them. This makes us a one-stop shop where customers can find total solutions.
Extensive Geographical Network
Our extensive geographical network in Singapore, Malaysia, Indonesia, Thailand, Philippines, China, Vietnam, India, Middle-east and UK enables us to serve our customers globally. In addition our products are sold globally to markets in ASEAN, South Asia, North Asia, Middle East, Eastern and Western Europe, South and North America and Australia. Our strong global presence offers a premium service level and minimized operating cost for our customers.
Strong Customer Base
Over the years, we have developed a strong and diversified customer base comprising largely MNCs spread across a wide spectrum of industries. This is a testimony of their confidence in us and our ability to deliver long-term value to them.
Wide Range of Products
Moreover, we carry a wide range of different types and grades of specialty chemicals for various applications and this enables us to be a one-stop shop and a key supplier to our customers.
Quality Supply
Our suppliers have proven track record in quality, consistency and supply reliability. Our strong presence in Asia has helped several of our principal suppliers to penetrate key markets.
Supply Chain Solution
Our warehousing facilities stock different classes and grades of specialty chemicals. Coupled with an efficient logistics support, we are able to deliver just-in-time which in turn helps customers improve their inventory planning and reduce inventory cost.
Harnessing IT for Competitive Edge
MegaChem invests heavily in IT infrastructure including mySAP Business Suite software. This enhances our service efficiency and at the same time provides seamless information exchange which enables us to respond on a real-time basis to the needs of the fast-changing business climate and ever-growing business demands.
OUR HUMAN CAPITAL
In our pursuit for excellence, MegaChem places PEOPLE at the core of our HR strategy. We understand that it is through people that the Company is able to transform and go toward the direction it wants to be.
A holistic approach is adopted in line with the Company's business strategy and is aimed at :-
- Equipping our people with the understanding of CHANGE and how they are expected to evolve with the changing business landscapes
- Internalizing our corporate CULTURE of Differentiation, Engage, Energize, Execute and Passion (DEEEP) into the behavior, characteristics and language of our people's personal values and belief system
- Creating our NEXT GENERATION OF LEADERS who continues to improve and sustain the MegaChem business competitiveness both locally and globally
- Promoting a 1-big family environment that INSPIRE LEARNING AND SHARING among our people so that MegaChem remains competitive in the market
It is with these goals in mind that the MegaChem Institute of Management ('MGIM') was formed on 1 August 2008.
The role of MGIM is to plan, develop and meet the learning needs of the Company as well as be the engine to drive the organization's culture towards a high performing culture.
Supporting the MGIM learn-share-grow principle are four pillars of action:
Inculcate & Reinforce Behavior
The vision for the creation and growth of human capital and how it is aligned with the organization's vision is the first pillar of action to enable our people to better understand its impact and implication on their own career aspirations and goals.
Integrate & Interact
A two-way communication channel formed between the Company and its people is the second pillar of action to help the individual staff to chart and traverse the course of his learning path within the organization
Create & Transform
The avenue for on-going transfer of individual learning into organizational knowledge is the third action pillar to meet with the Company's strategic imperatives.
Drive & Shape the Organization
A forum where opinions are freely debated and innovative ideas are formed is the fourth pillar of action to help the Company navigate its course through external challenges and forces.
With the formation of MGIM, MegaChem has set to invest up to 5% based on its payroll budget on training and development, annually. In addition, MGIM also works closely with local government agencies such as Workforce Development Agency (WDA) to leverage on available training programs and funding.
All these are set to ensure a sustainable development platform for highperforming human capital to deliver differentiated shareholder values. MGIM will be the agent to provide the enabling infrastructure to make it happen.
CORPORATE SOCIAL RESPONSIBILITY
Shareholders
The Directors and management of the Company are committed to maintain high standards of corporate governance in order to protect and enhance the interests of our shareholders.
Our key principles for corporate governance are :-
- Accountability to shareholders
- Integrity in conducting our business
- Transparency in providing information to our shareholders
In this regard, MegaChem adheres to regulations of SGX and other regulatory bodies and follows closely the best practices outlined in the Best Practice Guide issued by SGX-ST.
The following awards and achievements are testimonies of our commitment to maintain a high level of corporate governance so as to preserve our shareholders assets.
- One of the recipients of the Singapore Corporate Awards in 2006 and 2007 in the Best Annual Report-Sesdaq category.
- Ranked 36th in the Business Times Corporate Transparency Index Issue 4 (dated May 2008)
We have also implemented a Whistleblowing program which provides employees a channel to report, in confidence, any improprieties in financial or other matters.
Community
At MegaChem, we recognize that businesses have a part to play in nationbuilding especially in providing assistance to people who are less fortunate than others. As such we work closely with charitable organization in finding ways for us to contribute to society. These come not just in the form of monetary contribution but also in committing time and efforts in these organization's activities. In 2008 MegaChem visited an orphanage in Vietnam during which we made monetary contribution as well as providing food and clothings to them. We also participate annually in several fundraising runs organized by JP Morgan and Standard Chartered Bank.
Environment and Employees
We take pride in our commitment to maintain high level of environmental protection, health and safety standards. We have attained the ISO 14001:2004 and OHSAS 18001:1999 certification and are now a member of the Responsible Care Program. We were also awarded SCIC Employee Health and Safety Code Achievement Award 2008.