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Eastern Pacific Industrial
Corporation Berhad

3rd Floor, Annexe Building
Kemaman Supply Base
Teluk Kalong
24007 Kemaman
Terengganu Darul Iman
 
 
 

The Company was incorporated on 17 January 1981 under the Companies Act, 1965 under the name of Corrugated Carton Products Sdn Bhd (“CCP”). The Company was converted into a public company on 21 March 1990.

CCP, as reflected by the name, commenced operation as a manufacturer of corrugated carton products. Since its incorporation, it has grown steadily culminating in its listing on the Second Board of the KLSE on 8 November 1991.

In December 1994, CCP was involved in a reverse takeover exercise whereby Pangkalan Bekalan Kemaman Sdn Bhd (“PBKSB”), an asset owned by the Terengganu State Economic Development Corporation or better known as Perbadanan Memajukan Iktisad Negeri Terengganu (“PMINT”) was injected into CCP. PMINT, with 40% shareholding after the injection, emerged as the largest shareholder of CCP.

CCP’s listing was promoted to the Main Board on 11 August 1995. The Company changed its name to Eastern Pacific Industrial Corporation Berhad (“EPIC”) on 5 March 1996 to better reflect the purpose of EPIC’s existence as a catalyst for the development in the Eastern Corridor.

In line with that objective, the Group underwent a series of rationalisation exercise whereby the corrugated carton business was disposed in November 1998, 2 of its dormant companies namely Corrugated Carton Products (Kulim) Sdn Bhd and Primasuri Hygienic Products Sdn Bhd were disposed to PBK in December 1999 to prepare the Group for business expansion. On 30 April 2001, EPIC disposed its 70% shareholding in EPIC-Babena Sdn Bhd as it was a single purpose company for the construction of the State Stadium Project which was shelved in the year 2000. Since then, the Group has continuously been on the lookout for new business opportunities that would enhance shareholders value.


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