Siangpack Sdn Bhd
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Siangpack Sdn Bhd - overview
Location
-, Penang, Malaysia
Primary Industry
Forestry & Timber
About
Siangpack Sdn Bhd is a Malaysian manufacturer specializing in molded fiber packaging products, focusing primarily on eco-friendly solutions for the egg industry. Siangpack Sdn. Bhd. manufactures molded fiber packaging products tailored for the egg market.
The company has not undergone any significant strategic pivots and does not have known subsidiaries. It is headquartered in Malaysia. Maarten Kimman serves as the CEO. The company completed its most recent funding round in January 2014, involving an exit by Navis Capital Partners, with a total of 2 deals noted in its history.
Siangpack Sdn. Bhd. specializes in the manufacturing of molded fiber packaging products, primarily focusing on packaging solutions for eggs. Their core offerings include various tray designs such as the AA tray for Grade A & AA eggs, the Universal tray for Grade B–F eggs, and several carton designs, including 10-piece and 12-piece cartons tailored to accommodate specific egg weights.
These products are engineered for durability, providing both intensity and elasticity, which contribute to reduced transportation costs and enhanced product preservation. Siangpack targets a broad client base that includes egg producers and distributors, primarily within Malaysia and regions seeking eco-friendly packaging solutions. The company emphasizes sustainability in its operations, ensuring that its products are 100% recyclable and biodegradable, addressing the growing demand for environmentally responsible packaging. Siangpack Sdn.
Bhd. generates revenue through direct B2B transactions with egg producers and distributors who require sustainable packaging solutions. For the most recent fiscal year in 2023, the company reported a revenue of USD 8. 11 mn and an EBITDA of USD 354,086.
The sales are structured around bulk orders, where clients place requests for various tray and carton designs based on their specific needs. The pricing model reflects the quality and environmental benefits of their products, particularly for flagship offerings such as the AA tray and the Premium 12 carton. This business model enables Siangpack to foster long-term partnerships with its clients, ensuring a steady demand for its eco-friendly packaging solutions. Siangpack Sdn.
Bhd. intends to expand its product line by designing new packaging solutions tailored for additional food products, with plans for launches in mid-2024. The company also aims to penetrate new geographic markets, focusing on Southeast Asia by the end of 2025. Recent funding will be utilized to support these initiatives, enhancing product development and marketing efforts as Siangpack seeks to capitalize on growing demand for sustainable packaging in the region.
Primary Industry
Forestry & Timber
Sub Industries
Paper/Soft Products
Website
www.siangpack.com
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
Siangpack Sdn Bhd - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 11,234,549 | 13,332,143 | 14,404,186 | 14,136,764 | 14,869,005 | 14,933,230 | 18,443,215 | 24,066,832 | 27,415,693 | 24,741,119 | 29,029,136 | - | - | - |
| % Revenue Growth (YoY) | - | 18.7% | 8.0% | (1.9%) | 5.2% | 0.4% | 23.5% | 30.5% | 13.9% | (9.8%) | 17.3% | - | - | - |
| EBITDA (USD) | (1,021,808) | 1,164,910 | 3,017,943 | 670,061 | 157,369 | (2,256,034) | 1,124,031 | 5,385,624 | 2,431,810 | 1,044,825 | 2,883,526 | - | - | - |
| Operating Income (USD) | (2,780,510) | (610,866) | 1,274,341 | (1,077,354) | (1,460,113) | (4,065,939) | (843,025) | 3,457,665 | 457,083 | (1,404,597) | 92,924 | - | - | - |
| Operating Margin | (24.7%) | (4.6%) | 8.8% | (7.6%) | (9.8%) | (27.2%) | (4.6%) | 14.4% | 1.7% | (5.7%) | 0.3% | - | - | - |
| % EBITDA Margin | (9.1%) | 8.7% | 21.0% | 4.7% | 1.1% | (15.1%) | 6.1% | 22.4% | 8.9% | 4.2% | 9.9% | - | - | - |
| NET Income (USD) | (3,026,857) | (1,382,723) | 118,556 | (1,487,930) | (1,988,714) | (5,136,362) | (3,315,450) | 732,831 | (2,763,428) | (5,091,953) | (3,972,550) | - | - | - |
| % Net Margin | (26.9%) | (10.4%) | 0.8% | (10.5%) | (13.4%) | (34.4%) | (18.0%) | 3.0% | (10.1%) | (20.6%) | (13.7%) | - | - | - |
Siangpack Sdn Bhd - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Exit | Completed | Siangpack Sdn Bhd | - | ||||||||
| Buyout | Completed | Siangpack Sdn Bhd | - |
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