Sissons Paints
     
 
   
 
world of sissons
company profile
 
» Introduction
» Incorporation
» Comporate Information
 
introduction
   
It was in 1959 that SISSONS PAINTS (EAST) SDN BHD first started in Malaysia, although SISSONS’ technology in paint making goes back 185 years when Sissons Brothers founded a company in HULL, England in 1803. The Sissons family controlled the concern until 1964 when Reckitt and Colman bought over the Company. Subsequently, in 1968, the Donald Macpherson Group in the UK took over. SISSONS’ well-known trademark of ‘THE MEN AND PLANK’ has been in use since 1910.

When the Tikkurila Oy Group of Companies in Finland acquired the Macpherson Group in 1984, SISSONS became associated with Finland’s largest paint manufacturer, having its affiliations internationally both in Finland and the UK, as well as the Netherlands, Sweden and Trinidad.

The ultimate holding Company of Tikkurila Oy and Sissons Paints (East) Sdn Bhd is KEMIRA OY, incorporated back in 1920 and is one of the largest companies and largest chemical company in Finland with operations at 15 locations in the domestic market and 30 locations in 19 countries worldwide. Besides paints, the Kemira Group also major in fertilizers and agrochemical, pigments, man-made and fibres yarns, industrial chemicals, filters, explosive, ammunitions and safety equipment.

In 1992, Boustead Holdings Berhad, one of the largest conglomerates in Malaysia acquired then know as Kemira Sissons Paints Sdn Bhd. Boustead Holdings Berhad is a well-diversified public listed company with interests in plantation, heavy industries, property, finance, investment, trading, manufacturing and services.

As result of this acquisition and to reflect a common identity, as well as to project an international corporate image among the subsidiaries within the Boustead Group nationwide, we have since JULY 1993 incorporated the name Boustead into our company’s name and is now know as Boustead Sissons Paints Sdn Bhd.
Incorporation
   
Shortly after the granting of Independence of the then Federation of Malaya in 1957, foreign, and mainly British manufactures were encouraged to invest in Malaya with attractive tax incentive and cheap land offered to what were then called ‘pioneer’ companies and it become somewhat incumbent upon those Commonwealth firms, which had previously enjoyed considerable privileges and experts to the Straits Settlements, the Federated and Unfederated Malay States, Sarawak and British North Borneo, to either establish production facilities in the area or loose their sales to local producers who would, inevitably, be protected by import tariffs.

It was at that time that SISSONS PAINTS (EAST) SDN BHD commenced operations by acquiring a manufacturing site in Petaling Jaya and also a factory in Kuching to cater for the need of a developing nation. Due to further expansion and the need for a larger premises, we have moved to Nilai, Negeri Sembilan in May 2005 to better serve the needs of our clients.

In line with the aspirations of the country’s New Economic Policy, local participation in the Company was increased to 30% shareholding in 1985. The holder of these shares is the Malaysian Armed Forces Pension Fund Board (LTAT), a stable organization backed by vast financial resources.
     
Date of Incorporation : 21 September 1959
 
Share Capital
Authorised Capital

:

RM 15,000,000.00
 
Paid-up Capital / Issued Capital   RM 12,663,000.00 ordinary share of RM 1.00 each fully paid.
RM 8,864,100.00 ordinary shares held by Boustead Holdings Berhad
RM 3,798,900.00 ordinary shares held by Lembaga Tabung Angkatan Tentera (LTAT)
corporate information
   

» Directors

 
Gen Tan Sri Dato’ Mohd Ghazali Haji Che Mat (R)
Dato’ Ghazali Mohd Ali
Brig Gen Dato’ Hussein Supian (R)
 
» Bankers
   
HSBC Bank Malaysia Berhad
17-23, Jalan Sultan
46200 Petaling Jaya,
Selangor Darul Ehsan
RHB Bank Berhad
PT 7460 & 7461
Jalan BBN 1/1A
Putra Point Bandar Baru Nilai
71800 Nilai Negeri Sembilan Darul Khusus
CIMB Bank Berhad
5717-5719
Jalan TS 2/1D
Taman Semarak
71800 NIlai
Negeri Sembilan Darul Khusus
Affin Bank Berhad
5733 & 5734
Jalan TS 2/1
Taman Semarak Phase II
71800 Nilai
Negeri Sembilan Darul Khusus
Hong Leong Bank Berhad
5717-5719
Jalan TS 2/1D
Taman Semarak
71800 NIlai
Negeri Sembilan Darul Khusus
 
   
» Auditor
   
Ernst & Young
Level 23A, Menara Milenium
Jalan Damanlela
Pusat Bandar Damansara
54090 Kuala Lumpur
 
   
» Solicitors
   
Sharifah & Associates
A7-2 (2nd Floor), Block A
Jalan Selaman 1/1
Dataran Palma (Ampang Point)
68000 Ampang
Selangor Darul Ehsan
Pathmanathan & Co.
2A-23A, Block 2A,
Plaza Sentral
Jalan Stesen Sentral 5
Kuala Lumpur Sentral
50470 Kuala Lumpur
   
Yusuf Khan & Fong
No. 97B, Jalan Gasing
46000 Petaling Jaya
Selangor Darul Ehsan
Abdul Malik & Lawrence Tan
Suite E-09-15
Plaza Mont’ Kiara
No. 2, Jalan Kiara
Mont’ Kiara
50480 Kuala Lumpur
   
Azzat & Izzat
No. 32 Jalan PJU 7/16
Mutiara Damansara
47800 Petaling Jaya
Selangor Darul Ehsan
 
   
» Lawyer
   
Rajes Hisham Rahim & Gopal
6th Floor, Yee Seng Building
15 Jalan Raja Chulan
50200 Kuala Lumpur
 
   
 
 
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contact us
 
Tel : 603-7727 6697
Fax : 603-7726 9299
Email : mktg.bsp@boustead.com.my