LUXCHEM CORPORATION BHD (LUXCHEM)

Company Profile: LUXCHEM CORPORATION BHD

LUXCHEM Corporation Bhd (Stock Code: 5143) is an integrated chemicals distribution and manufacturing group established in 1984, headquartered in Petaling Jaya, Selangor, Malaysia. Over more than four decades in operation, LUXCHEM has built a solid reputation as a chemical distributor and manufacturer serving industrial clients across the Asia Pacific region.

The company operates through two complementary core segments:

1. Trading Segment (~60% of Revenue)

This segment covers the import, export, and distribution of petrochemicals and related products to industrial clients. It represents the original core of LUXCHEM's business and remains the largest revenue contributor. In Q4 2024, the Trading segment recorded a remarkable 95% YoY jump in Profit After Tax (PAT) to RM9.75 million, with revenue rising 8% to RM118.74 million - demonstrating strong momentum driven by the petrochemical commodity price cycle.

2. Manufacturing Segment (~40% of Revenue)

LUXCHEM's manufacturing arm focuses on producing higher value-added specialty chemicals, including:

• Unsaturated Polyester Resin (UPR) - used in the fabrication of composite materials and fiberglass, serving the construction, automotive, and marine industries
• Latex chemical dispersions, latex processing chemicals, and coagulants - critical inputs for Malaysia's rubber glove industry, one of the country's leading export sectors

The manufacturing segment is operated through 55%-owned subsidiaries: Lexis Chemical Sdn Bhd, Lexis Specialties Sdn Bhd, and Lexis Corporation Sdn Bhd.

Geographic Reach

LUXCHEM operates across multiple countries in the Asia Pacific region, including:

• Malaysia (primary market)
• Vietnam and Indonesia (fast-growing ASEAN markets)
• Thailand and Singapore
• Bangladesh (tied to textile and glove industries)
• Australia

✅ Shariah-Compliant Status

LUXCHEM Corporation Bhd is a SHARIAH-COMPLIANT stock - certified by the Shariah Advisory Council of the Securities Commission Malaysia. This makes it suitable for Muslim investors who prioritise investments aligned with Islamic principles.

Recent Strategic Acquisition: Kazox Materials (January 2026)

In January 2026, LUXCHEM completed the 100% acquisition of Kazox Materials Sdn Bhd for a purchase consideration of RM3.79 million. Kazox is a manufacturer of zinc oxide - an essential chemical used in rubber vulcanisation processes and the latex glove industry. This acquisition strategically strengthens LUXCHEM's supply chain position in the latex/glove chemicals sector, which is already well-represented in their manufacturing portfolio. A provisional goodwill of RM5.36 million is pending finalisation of the Purchase Price Allocation (PPA).

Note: LUXCHEM is listed on Bursa Malaysia under the CHEMICALS sector, with stock code 5143.

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