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L&P Global Berhad (Malaysia)

Main Activities: Packing and Crating
Full name: L&P Global Berhad Profile Updated: February 22, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The Company is principally involved in investment holding and provision of management services. Through its subsdiaries, the Group is an integrated industrial packaging solutions provider where their solutions are integral parts of supply chain management that enable optimal use of industrial packaging products through cost-effective and efficient movement of goods throughout the supply chain, inventory management and space usage.
The Group's integrated industrial packaging solutions comprise of boxes, crates and provision of packing services, pallets, provision of circular supply services and trading as value added service.
- Design and manufacturing of wooden industrial packaging products - Industrial packaging is specialised and customisable packaging that provides protection to the products packaged during storage and transportation. We are involved in the design and manufacturing of wooden industrial packaging products comprising boxes, crates and pallets where all our boxes and crates are customised products while our pallets can be customised or sold as standard products with standard dimensions.
- Provision of packing services - Provision of packing services as value-added services when supplying boxes and crates to customers, where customers’ goods are packed into boxes and crates at the customers’ premises. The goods that are packed into boxes and crates are generally high value, sensitive and large products such as machinery and equipment, which require added protection against impact due to movement.
- Provision of circular supply services - Collection, repair and re-manufacture worn and broken pallets into usable recycled pallets. Repair works include replacing components or complete dismantling of the pallet to salvage any usable components. The Group also collect used pallets from scrap collectors
- Trading as value added services - Sourcing and supplying related products and raw materials when requested by existing customers as value-added services. Examples of products traded are plastic pallets, wood materials and packaging accessories.
1984 Started as a family business when Ooi Chang Seaw and Ooi Eng Leng founded a partnership, Syarikat Perusahaan Berjaya to venture into the manufacturing of industrial packaging product in Bukit Tengah, Penang. During the initial years, customers mainly comprised manufacturers in the rubber products, lift manufacturing, semiconductor and electrical and electronics industries.
1989 Berjayapak Sdn Bhd (198901009394 (186695-U)) (BSB) was incorporated and remained dormant.
1992 To support the growth of our business, BSB assumed the business in the manufacturing of industrial packaging products from Syarikat Perusahaan Berjaya, a sole proprietorship, which gradually ceased operations and was discontinued on 25 June 1992.
1998 Expanded manufacturing facility by purchasing and relocating to a larger factory located in Sungai Bakap, Penang which has a land area of approximately 117,000 sq ft (“Sungai Bakap Factoryâ€).
2002 BSB was certified compliant with ISO 9001 by SGS United Kingdom Ltd.
2003 Began providing pallet recycling and repair services under the Circular Economy Project – Pallet Recycling Programme (“PRPâ€), to provide customers with an alternative choice of pallets, namely recycled pallets.
2005 installed a heat treatment chamber in Sungai Bakap Factory which allow treatment of wood materials by removing moisture content, as well as repurpose our wood wastes to power the heat treatment chamber. With this, the Company was able to manufacture industrial packaging products that are compliant with the International Standards for Phytosanitary Measures No.15 (“ISPM 15â€) inhouse (applicable to natural wood).
2007 Expanded Sungai Bakap Factory with the purchase of an adjacent factory which has a land area of approximately 117,000 sq ft to increase storage capacity in order to support the expansion of the manufacturing capacity.
2010 Expanded Sungai Bakap Factory with the purchase of another adjacent factory which has a land area of approximately 54,000 sq ft to increase storage capacity in order to support the pallet recycling activities.
2015 Invested in a design software (i.e. LoadSync software and Solidworks) for planning, visualising and designing of wooden industrial packaging products. Ooi Lay Pheng joined our Group as a Director, heading the sales and marketing, human resource, IT, quality assurance, and finance departments.
2016 Began using engineered wood for the manufacturing of industrial packaging products. As engineered wood has consistent quality and dimension, lesser processing of wood materials is required, hence, reducing the amount of labour required in factory. Purchased a radio frequency machine, an advanced drying machine to shorten the drying time of wood material.
2019 Berjayapak Vietnam Company Limited (3702756586) was incorporated. Rented a factory in Binh Duong, Vietnam which has a built-up area of approximately 27,000 sq ft, and began manufacturing boxes and crates to potential customers in Vietnam (“Vietnam Factory 1â€). Secured First Solar Vietnam Manufacturing Co Ltd as our first customer in Vietnam.
2020 Rented another adjacent factory in Binh Duong, Vietnam which has a built-up area of approximately 15,000 sq ft to support the expansion of manufacturing capacity in Vietnam (“Vietnam Factory 2â€)
2021 Rented premises in Kulai, Johor which has a built-up area of approximately 14,000 sq ft and is used for storage of boxes and crates to serve customers in the southern region and in Singapore (“Kulai Branchâ€). Entered into sale and purchase agreements to acquire two adjacent premises in Perai, Penang which has a built-up area of approximately 47,000 sq ft (“Perai Branch 1â€) and 33,000 sq ft (“Perai Branch 2â€), respectively (collectively, “Perai Branchâ€) for total cash consideration of RM14.80 million.
2021 The Company was incorporated in Malaysia under the Act on 30 August 2021 as a private limited company under the name of Berjayapak International Holdings Sdn Bhd and changed the name to L&P Global Sdn Bhd on 27 January 2022.
2022 The company was subsequently converted to a public limited company on 22 March 2022. Acquisition of the Perai Branch was completed in July 2022. Perai Branch 2 is currently used for storage of boxes and crates to serve the customers surrounding the Perai area. Entered into sale and purchase agreement to acquire a premise in Kulim, Kedah which has a built-up area of approximately 65,000 sq ft (“Kulim Branchâ€) for cash consideration of RM9.50 million and the acquisition was completed in July 2022. BSB became a wholly-owned subsidiary of the L&P Global Berhad on 9 Nov 2022.
The World Health Organisation declared the novel coronavirus CCOVID-19') a global pandemic on 11 March 2020. The Government of Malaysia imposed the Movement Control Order ('MCO') on 18 March 2020 and has entered into the various phases of the MCO, followed by the announcement of the National Recovery Plan ('NRP') in June 2021, which details a roadmap to control the COVID-19 pandemic while progressively reopening society and the economic sectors towards the new normal under four progressive phases. Subsequently, in March 2022, the Government of Malaysia announced that Malaysia will enter the 'Transition to Endemic' phase of COVID-19 and reopen its borders from 1 April 2022,
Consequently, effective from 1 April 2022, the restrictions on business operating hours and the capacity limit imposed on the number of employees allowed in the workplace based onthe employees' vaccination status are removed.
The implementation of the MCO/NRP and the COVID-19 pandemic have resulted minor temporary interruption to the Group's business and operations. The Group was able to operate during the MCO/NRP period upon obtained approval from Ministry of International Trade and Industry ('MITI') and required to comply with the changes of SOP outlined by MITI throughout the period. It had also not negatively impacted the liquidity position of the Group. In addition, the Group had not observed any material impairments of the assets or a significant change in the fair value of assets due to the COVID-19 pandemic.
Based on the assessment and information available at the date of authorisation of the financial statements, the Group has sufficient cash flows to meet its liqUidity needs in the next twelve (12) months after the end of the reporting period. The Group do not anticipate significant supply disruptions and would continuing monitor its fund and operational needs.
Date of announcement - 2 Feb 2024
The Company changed the board from ACE Market to MAIN Market

Headquarters
1328, Jalan Sungai Baong, Furniture Industrial Estate
Nibong Tebal; Penang; Postal Code: 14200

Contact Details: Purchase the L&P Global Berhad report to view the information.

Website: http://www.lpglobalbhd.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2021
Key Executives
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Chairman
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Chief Executive Officer
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Chief Financial Officer
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Chief Operating Officer
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Secretary
Ownership Details
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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
10.96%
Total operating revenue
10.92%
Operating profit (EBIT)
23.71%
EBITDA
22.14%
Net Profit (Loss) for the Period
40.36%
Total assets
4.54%
Total equity
22.66%
Operating Profit Margin (ROS)
1.58%
Net Profit Margin
2.59%
Return on Equity (ROE)
2.6%
Debt to Equity Ratio
-22.76%
Quick Ratio
3.55%
Cash Ratio
0.71%

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