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Mieco Chipboard Berhad (Malaysia)

Main Activities: Wood Product Manufacturing | Paper Manufacturing | Management of Companies and Enterprises
Full name: Mieco Chipboard Berhad Profile Updated: February 21, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Mieco Chipboard Berhad (MIECO) operates as an investment holding and provision of management service company. The activities of the subsidiaries include manufacturing, selling and marketing of chipboards and other related products. The company also engages in the reforestation, harvesting, extraction and supply of rubber, investment trading and property investment. MIECO has also expanded its business to interior decoration, consultancy and the procurement of rubberwood. MIECO has two production plants both located in the state of Pahang. The plant, which produces melamine-impregnated paper, is in Semambu Industrial Estate. Meanwhile, the plant in Gebeng Industrial Estate produces cut-to-size melamine faced chipboards and laminated flooring and semi-furnished furniture components. The company distributes the products in Malaysia and export to China, Hong Kong, Korea, Japan, South East Asia and India. In addition, MIECO has an agreement with Kunz Holding GmbH & Co. KG of Germany for the production of low emission grade particleboard. The company was incorporated in 1972 and is based in Kuala Lumpur.

Headquarters
No. 1 Block C, Jalan Indah 2/6, Taman Indah, Batu 11 Cheras
Cheras; Selangor; Postal Code: 59000

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Website: http://www.mieco.com.my

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1972
Key Executives
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Chairman
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Chief Operating Officer
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Managing Director
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Director/Member of the Board
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Secretary
Ownership Details
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62.69%
Subsidiaries
Aspire Benchmark Sdn Bhd
100%
Mieco Chemicals Sdn Bhd
100%
Mieco International (Hk) Ltd (Hong Kong SAR, China)
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
9.97%
Total operating revenue
15.72%
Operating profit (EBIT)
-97.64%
EBITDA
N/A
Net Profit (Loss) for the Period
-90.83%
Total assets
4.2%
Total equity
-16.43%
Operating Profit Margin (ROS)
-6.26%
Net Profit Margin
-7.56%
Return on Equity (ROE)
-11.05%
Debt to Equity Ratio
26.18%
Quick Ratio
-0.03%
Cash Ratio
-0.33%

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