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History

1988

Megachem's Journey began on 12 September 1988 in Singapore as a distributor of chemicals.

1989

Within a year of operation we expanded into the Malaysian market

We moved from a modest office to a 5,000 sf office/ warehouse.

1992

We invested 49% in Megachem Thailand Co Ltd.

1993

Success in Singapore, Malaysia, Thailand led us to expand further into Indonesia.

1994

We moved our Singapore HQ to a 46,000 sf office/ warehouse in Tuas.

1999

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.

2000

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.

2001

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.

2003

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.

2004

In 2004 we saw the potential in the Vietnam market and thus set up a representative office there.

2005

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.

2008

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.

2009

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.

2010

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.

2011

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.

2012

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.

2013

25th Anniversary - Celebration of past Successes. Building of a better Future.

2014

Purchased a piece of industrial land in Klang, Malaysia to build a warehouse facility to enhance its logistic infrastructure

2015

MegaChem Wins Four Awards At The Prestigious Singapore Corporate Awards

2016

Megachem clinched Best Investor Relations Award (Gold) and Best Annual Report Award (Silver) in the "less than $300 million market capitalisation" category at the 2016 Singapore Corporate Awards ("SCA").

2017

Megachem (Thailand) Public Company Limited made a successful IPO debut on the Stock Exchange of Thailand-Market for Alternative Investment. The listing marks a key milestone for the Group, and is aligned with our plans to expand our presence in Asia.

Megachem won the Best Annual Report Award (Gold) in the "less than $300 million market capitalisation" category.

2018

30^th Anniversary – Celebrating past Successes. Shaping a better Future.

Singapore Corporate Awards: Best Managed Board (Bronze) in the "less than $300 million market capitalisation" category.

Ranked 78th in the 2018 Singapore Governance and Transparency Index (SGTI).

2019

Ranked 93^rd in the 2019 Singapore Governance and Transparency Index (SGTI).

2020

Ranked 85^th in the 2020 Singapore Governance and Transparency Index (SGTI).

2021

Ranked 185^th in the 2021 Singapore Governance and Transparency Index (SGTI).

2022

Megachem secured its first Sustainability-linked financing. This sustainability-linked financing from UOB is a key step in our sustainability journey and a clear demonstration of our commitment to be a responsible member of the community, together with our customers, suppliers, as well as our other stakeholders.

Doing our part towards a greener future, we installed solar panels at our Singapore facility which will enable us to reduce our energy cost and more importantly to reduce global warming. The solar panel facility was funded by OCBC.

Megachem is proud to be a Gold recipient of the EcoVadis Sustainability Ratings. In its Sustainability Assessment Report 2022, EcoVadis placed Megachem among the Top 3% of companies of the same category that were assessed by them. This accolade is a testimony of the importance we place Sustainability in our overall strategy and a recognition of our Sustainability achievements.

As part of our plan to strengthen our supply chain infrastructure, we completed the construction of our warehouse in Malaysia.

2031

35^th Anniversary – Celebrating past Successes. Shaping a Better Future.