About Turiya Berhad

About Turiya Berhad

 

 

 

TURIYA BERHAD was incorporated in Malaysia under the Companies Act, 1965 on 27 February 1980 and was listed on the Main Market of Bursa Malaysia Securities Berhad on 19 October 1984. The Company is principally involved in the business of owning an office building and property management, investment holding and provision of management and consultancy services with its subsidiaries and associates companies:

 

Turiya Berhad(“Turiya” and/or the “Company”) (www.turiya.com.my) has a history that dates back to 1961 when it was established as a private limited company known as Sitt Tatt Sdn. Bhd. After more than 20 years of growth and expansion, Turiya was listed on the Main Board of Bursa Malaysia Securities Berhad on 19 October 1984. As at 31 March 2019, Turiya has an issued and fully paid up capital of RM280.8 million.

From its beginning as a company dealing in commodities, building materials, engine lubricants and forwarding services, Turiya started its growth strategy by expanding into industrial gases in 1974 via a joint venture with Air Products & Chemicals, Inc. USA (which was subsequently disposed in January 2007). Thereafter, the Company ventured into industrial chemicals, label printing and welding electrodes.

In 2003, Turiya diversified its business further into the semiconductor plating services, specialty chemical manufacturing for electroplating process and production of electroplating equipment through the acquisition of three Singapore companies, namely Pyramid Manufacturing Industries Pte Ltd (“Pyramid”), CEM Machinery Pte Ltd (which was disposed on 1 October 2014) and PMI Plating Services Pte Ltd (which was dissolved on 10 March 2011).

Pyramid (www.pyramidchemicals.com.sg) is principally involved in the manufacturing, distribution, research and development of specialty chemical products for the electroplating processes in the semiconductor industry. These products have wide applications in the semiconductor and electroplating industry whilst Pyramid’s propriety electroplating process serves many leading customers in the semiconductor, electronics and automotive sectors. Pyramid is continuously exploring its Research and Development activities in the semiconductor chemical solutions and offers various solutions for specific customer requests. While electroplating remains as its core business, Pyramid continues to serve both in upstream and downstream activities as well as other industries where it shares common applications.

Due to the cyclical nature and uncertainty in the semiconductor business, the Company diversified its earnings base into property investment. In 2009, the Company completed its acquisition of Wisma Chase Perdana (WCP). WCP is an office building strategically located in Damansara Heights, Kuala Lumpur with total nett lettable area of 245,238 square feet. It is also in the proximity of Semantan Mass Rapid Transit (MRT) station, one of the stations on Klang Valley Mass Rapid Transit (KVMRT) Sungai Buloh-Kajang Line. Therefore, WCP provides fast and better access to KL Sentral and Kuala Lumpur city centre. This building provides the Company a long term sustainable rental income.

Moving forward, Turiya will seek to diversify its business into other profitable growth sectors. This will provide the Company with a sound base to generate a robust yet sustainable earnings in the future.