SumiSaujana targets wider market in East Malaysia following IPO - Borneo Post Online (2025)

KUCHING:Chemicals player SumiSaujana Group Bhd (SumiSaujana) plans to tap more into the oil and gas chemicals market in East Malaysia after its ACE Market listing on Bursa Malaysia.

According toSumiSaujana chief executive officer Norazlam Norbi, the group has plans to further expand its presence beyond Miri and Labuan.

“We have a site office in Miri, and we also have facilities in Labuan. We will tap into the opportunities as and when more work gets implemented in Sabah and Sarawak.

“In face we have several contracts in place supplying to oil companies in both Sabah and Sarawak waters. So we will continue to grow our team and our strengths in those two states,” he told a press conference after SumiSaujana’s successful debut on the ACE Market of Bursa Malaysia today where it opened at 18 sen per share.

Founded in 2010, SumiSaujana has established itself as a trusted provider of high-performance specialty chemicals, serving upstream, midstream, and downstream segments of the O&G industry.

The group’s portfolio includes drilling fluid chemicals, production chemicals, and refinery additives, all of which play a critical role in enhancing operational efficiency, equipment protection, and refining processes.

On the impact of the US reciprocal tariffs on the O&G industry, possibly impacting SumiSaujana, Norazlam remained optimistic on its prospects thanks to the diversity of its contracts.

“Over 70 per cent of SumiSaujana’s revenue comes from international markets, including the Asia Pacific, Middle East, Africa, Europe, and the Americas region,” he explained.

“We are quite upbeat on the fact that we do have a bit of an advantage there, either within our own Far East region — within China and Asia Pacific, and also into North America.”

Meanwhile, SumiSaujana executive director and chief operating officer Ramli Mohammad believes Malaysia’sO&G industry will continue to be one of the main sectors in the energy sector.

“Year on year, there is always one to three per cent growth with regards to the usage of hydrocarbons, whether as energy or whether asp petrochemicals,” he said.

“In that sense, we see a steady growth in terms of the oilfields specialty markets. The product lines may change or may be revised, but I think the business remains intact and stable.”

Through its IPO, SumiSaujana successfully raised RM74.40 million.

Proceeds of RM40.20 million will be allocated for the acquisition of the New Puncak Alam warehouse and corporate office, consolidating the group’s operational and warehousing facilities.

RM18.90 million will be allocated for the acquisition of its existing Puncak Alam factory, whileRM2.08 million will be allowed for capital expenditure, including purchase and installation of information technology infrastructure, and installation of solar photovoltaic system.

RM7.62 million will be allocated for the establishment of a new research and development laboratory, while the remainingRM5.60 million will cover its listing expenses.

RHB Investment Bank is the principal adviser, sponsor, sole underwriter, and sole placement agent for SumiSaujana’s IPO.