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Ecoscience International Berhad (Malaysia)

Main Activities: Industrial Building Construction
Full name: Ecoscience International Berhad Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The Company was incorporated on 21 August 2020.The Company's principal activity is holding companies. The Company commenced operations in 2004 and our first project was in the fabrication and installation of structural works at a palm oil mill. This was for the Kekayaan palm oil mill in Paloh, Johor, owned by a subsidiary of KLK Group. In the early years following our inception, we operated from our rented premises in Kawasan MIEL, Bandar Baru Seri Alam in Masai, Johor. We would fabricate the steel structures in our fabrication facility before they were installed at project sites. In 2005, the Company continued to work as a subcontractor for the design, fabrication, installation, testing and commissioning of a steriliser station. A steriliser station involves an integrated series of equipment as part of a palm oil milling line where oil palm fresh fruit bunches are cooked under steam pressure. This was for part of the newly constructed Merotai palm oil mill in Tawau, Sabah, owned by Golden Hope Plantations (Sabah) Sdn Bhd. As part of the company expansion plans, the company purchased a three-acre piece of land in Pasir Gudang, Johor in 2005, where we constructed our present head office and fabrication facility with a total gross floor area of 112,644 sq ft. The construction of the fabrication facility and office administration building was completed and we relocated our operations to this new premises in May 2006.In 2006, the company achieved a milestone when we secured our first project as a main contractor directly from a palm oil mill owner, which was for the design and fabrication of the front-end handling system for a steriliser station. This was installed in the Lambir palm oil mill in Miri, Sarawak owned by Sarawak Oil Palms Berhad. Our design was based on a continuous, modular and compact system with hydraulic and automation systems. In the same year of 2006, we secured additional contracts as a main contractor for the construction and fabrication of a palm oil refinery and kernel crushing plant and facilities. This was for KLK Group in Lahad Datu, Sabah. We implemented the project in 2 phases with the commencement of the first phase in November 2006 and completed in August 2008, while the second phase commenced in November 2006 and completed in December 2008. In 2007, the company secured a project comprising mechanical and electrical works, pumps, piping and firefighting system for a palm oil bulking facility in Kuantan Port, Pahang owned by Cargill Palm Products Sdn Bhd. This bulking facility is used to store crude and refined palm oil products. This project commenced in October 2007 and was completed in September 2008.In the same year in 2007, the company achieved a major milestone in our geographical expansion by securing our first project in a foreign country, Indonesia from KLK Group, an existing customer of our Group. This was to carry out mechanical works for the installation of machinery and piping as part of the construction of a biomass power plant for the Mandau palm oil mill for KLK Group in Riau, Indonesia. This project commenced in May 2007 and was completed in July 2009.In 2008, the company registered with DOSH as a manufacturer of unfired pressure vessels. We also incorporated ETSB, our wholly-owned subsidiary in Malaysia as a company involved in the fabrication and supply of energy and environmental related equipment. The company commenced business in 2008 when it secured a purchase order for the supply of a dust filtration system.In 2014, the company achieved another major milestone by expanding our market coverage to Gabon, a country on the west coast of Africa. Since our first project in 2014, Gabon has become a major revenue contributor for our Group during the Financial Years Under Review up to the LPD. In 2016, the company further expanded our geographic reach when we secured three contracts from Libinc Oil Palm Inc (subsidiary of the KLK Group) for the fabrication and supply of mechanical, civil, structural and electrical equipment and related accessories for a palm oil mill complex in Liberia, a country on the west coast of Africa. We also secured one additional contract in Gabon in 2016, which was from Sotrader (a 49:51 joint-venture company, which was established between Olam International Limited and the Gabonese government) to construct 6 blocks (60 units) of workers' quarters at Ndende. As part of our expansion plans, we incorporated AEPL, our wholly-owned subsidiary in Singapore in 2016. The company commenced business operations in the same year of 2016 and was involved in the construction of plants and facilities, and fabrication of equipment focusing on projects in foreign countries outside of Southeast Asia.In 2017, the company secured contracts from Olam Palm for the construction of facilities in Gabon, comprising one contract for a total of 75 blocks (750 units) of workers' quarters at Mouila, Mandji, and Moutassou (commenced in August 2017 and completed in December 2018), and another contract for 10 blocks (100 units) of workers' quarters at the Awala oil palm plantation (commenced in August 2017 and completed in September 2018). We also secured a contract from Olam Rubber to construct 35 blocks (350 units) of workers' quarters for the Bitam rubber plantation in Gabon, which commenced in August 2017 and was completed in January 2019. In 2018 and 2019, the company continued to secured additional contracts in Gabon from Olam Palm, Olam Rubber and Sotrader including the construction of facilities at Mouila, Awala, Bitam and Ndende as well as the construction of palm oil mill plants at Mouila, Makouke and Awala, and facilities at the Moutassou and Makouke.Between 2020 and the LPD, the company secured contracts in other industry sectors namely paperboard and packaging, glove, explosives and renewable energy generation:

Headquarters
Plo 555, Jalan Keluli 8, Pasir Gudang Industrial Estate
Pasir Gudang; Johor; Postal Code: 81700

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Website: http://ecosciencegroup.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2020
Key Executives
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Chairman
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Managing Director
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Director/Member of the Board
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Director/Member of the Board
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Secretary
Ownership Details
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45%
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4.096%
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Subsidiaries
Asia Ecoscience Pte Ltd (Singapore)
100%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency MYR. Absolute financial data is included in the purchased report.
Net sales revenue
64.81%
Total operating revenue
65.84%
Operating profit (EBIT)
44.2%
EBITDA
61.55%
Net Profit (Loss) for the Period
-6.51%
Total assets
-1.37%
Total equity
4.46%
Operating Profit Margin (ROS)
3.8%
Net Profit Margin
3.52%
Return on Equity (ROE)
-0.25%
Debt to Equity Ratio
-0.79%
Quick Ratio
-0%
Cash Ratio
-0.04%

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