PROGRESS OF YKGI GROUP
YKGI was incorporated by Yung Kong Co Bhd in the year 1977, initial intention was to be involved in the Food Industries. However as the food industry was not conducive for Yung Kong then, management turned to steel industry. Its name was changed to Yung Kong Galvanising Industries Bhd 2 years later, subsequently changed to YKGI Holdings Bhd on 17 May 2013. It signed a Joint Venture Agreement with Marubeni Corporation of Japan in the year 1983 for the manufacture of galvanised sheets. 13 years after its first production in February 1984, in the year 1997 YKGI was listed on the second Board of Kuala Lumpur Stock Exchange (KLSE). 6 years later in the year 2003, YKGI’s listing was transferred to the Main Board of KLSE under the same Sector of “Industrial Products.”
1979 Aug - Changed name to Yung Kong Galvanising Industries Bhd (YKGI) and converted into a public company. (21 Aug 1979)
1980 Nov - Obtained manufacturing license for galvanizing industries. (20 Nov 1980)
1983 Feb - Signing of Joint Venture Agreement between Yung Kong Co. Bhd. and Marubeni Corporation, Japan. (2 Feb 1983)
1984 Feb - Production started with sheet-by-sheet galvanizing and corrugated sheet in Pending Industrial Estate.
1989 Feb - Upgraded to coil to sheet galvanizing.
1991 Apr - Roll forming of roofing sheets production started.
(This manufacturing of the roll formed roofing was divested in Dec 1998 when YKGI formed strategic alliances with roll-formers in Sarawak)
1992 Aug - Coil to sheet line upgraded to continuous galvanizing line.
1993 Jun - Demak Laut Factory started with some operation like the roll forming.
1996 Apr - Continuous Color Coating Line (CCL) commenced production in Demak Laut’s plant.
1996 Jul - Magic Network Sdn. Bhd. (Magic) was incorporated as 100% Subsidiary of YKGI (6 Jul 1996) for marketing and networking.
1997 Oct - Listed on KLSE Second Board. (2 Oct 1997)
1998 Feb - Star Shine Marketing Sdn Bhd. (SSM) was incorporated as a 65% owned subsidiary to do marketing in West Malaysia. (21 Feb 1998)
1998 Oct - Continuous Galvanising Line (CGL) commenced production in Demak Laut with a wider range of products mix in thickness and width.
1998 Nov - Centralization of Pending operation and Business Office to Demak Laut.
1999 Apr - ISO9002:1994’s certification obtained. (14 Apr 1999)
1999 Oct - Mini Galvanising Line (MGL) started operation in Demak Laut.
2001 Dec - Star Shine Global Trading Sdn. Bhd. (SSGT) was incorporated as a 51% subsidiary of SSM to carry out trading of processed coils and sheets and other steel related merchandise. (20 Dec 2001)
2002 Jan - ICCI started production of prepainted galvanized coils (PPGI).
2002 May - ISO9001:2000 accredited. (22 May 2002, upgraded from ISO 9002:1994)
2002 Jul - Successfully acquired an industrial land (Lot 6479) of approximately 24.81 acres in Klang, Selangor Darul Ehsan.
2003 Jan - Transferred to KLSE Main Board. (17 Jan 2003)
2003 Apr - Purchase for NOF-CGL contract signed for Klang’s plant (Lot 6479). (15 Apr 2003)
2003 Jun - Star Shine Steel Products Sdn. Bhd. (SSP) was incorporated as a 51% subsidiary of SSM to carry out trading of long products and other merchandise. (26 Jun 2003)
2003 Sep - Construction for Lot 6479 started. (16 Sep 2003)
2004 Jan - Launching of YKGI Group Corporate Brand, YKTM Brands and changing of Chinese Names of YKGI Group and YKGI to
榕 鋼 集 團
榕 光 鋼 鐵 有 限 公 司
(08 January 2004).
2004 Sep - Star Shine Marketing Sdn Bhd accredited with ISO 9001:2000 by Lloyd's Register Quality Assurance. (18 Sep 2004)
2004 Dec - YKGI awarded SMI Recognition Award Series 2004 in Category of SMI-AIA Achievers’ Award. (10 Dec 2004)
- Star Shine Global Trading Sdn Bhd accredited with ISO 9001:2000 by Lloyd's Register Quality Assurance. (17 Dec 2004)
- Star Shine Steel Products Sdn Bhd accredited with ISO 9001:2000 by Lloyd's Register Quality Assurance. (18 Dec 2004)
- Launching of YK2-NOF-CGL by YB Tan Sri Datuk Amar Dr. George Chan Hong Nam, Deputy Chief Minister of Sarawak. (29 Jan 2005)
2005 Feb - Construction of Cold Rolling Mill (CRM) commenced.
2005 Mar - YKGI awarded Business of the Year 2004 in Category of Excellent Company. (18 Mar 2005)
- YKGI products – GI coils (0.60mm – 1.20mm) has been certified by SIRIM under Product Listing Scheme (BS476 : Part 6 : 1989, BS476 : Part 7 : 1997). (24 Mar 2005)
2005 May - B.T.I. Technology Sdn Bhd (BTI) was acquired on 3 May 2005 as a 55% subsidiary of SSM to manufacture furniture hardware and accessories. Subsequently the name is changed to Star Shine Industries Sdn Bhd (SSI).
2005 Oct - Acquired 30% of ICCI to make it wholly owned by YKGI. (3 Oct 2005)
- Participate in the Bursa Malaysia-OSK Small Cap Roadshow 2005 Kuching at Grand Ballroom, Riverside Crowne Plaza Hotel Kuching. (29 Oct 2005)
2006 Feb - Star Shine Industries Sdn Bhd accredited with ISO 9001:2000 by Lloyd's Register Quality Assurance.
2006 Nov - Magic Network Sdn Bhd accredited with ISO 9001:2000 by CI Certification Malaysia Sdn Bhd. (23 Nov 2006)
2007 July - Commissioning of Cold Rolling Mill (CRM). (1st coil - 26 Jun 2007)
- Commissioning of P&O line. (Jul 2007)
2007 Oct - Commissioning of Slitting line at YK2. (Oct 2007)
2008 Jan - Commissioning of Acid Regeneration Plant. (Jan 2008)
2008 Apr - Star Shine Group offices moved to new building at Lot 6472 Lorong Sungai Puloh/KU06, Kawasan Perindustrian Sungai Puloh, 42100 Klang, Selangor Darul Ehsan. (15 Apr 2008)
2008 May - Commissioning of new Pipe Mill by SSI at Klang new factory.
2008 May - 25th JV Anniversary Yung Kong & Marubeni (MISI) Tokyo in Kuching. (9 May 2008)
2010 May - YKGI accredited with ISO 9001:2008 QMS certification. (5 May 2010)
2010 Aug - YKGI & NSC Equity Strategic Partnership celebration. (5 Aug 2010)
2011 Oct - Acquired the 54.49% of Starshine Holdings Sdn Bhd (SSH). (21 Oct 2011)
2012 June - YKGI sign a Memorandum of Understanding for Sustainable Technology Collaboration with Becker Industrial Coatings (M) Sdn Bhd. (8 Jun 2012)
2013 Feb - Commissioning of New Continuous Colour Coating Line.
2013 Apr - Acquired the remaining 45.51% of Starshine Holdings Sdn Bhd (SSH) to make it wholly owned by YKGI. (17 Apr 2013)
2013 May - Changed name to YKGI Holdings Bhd (YKGI). (17 May 2013)
2013 Jun - Disposal of ICCI. (26 Jun 2013)
2013 Sep - Launching Ceremony of New Continuous Color Coating Line (Lot 6479) and Opening of YKGI Corporate Office @Wisma YKGI (Lot 6472). (13 Sep 2013)
- Magic Network Sdn Bhd changed its name to ASTEEL Sdn Bhd. (13 Sep 2013)
- Incorporation of ASTEEL (Sabah) Sdn. Bhd. (ASSB) and ASTEEL (Bintulu) Sdn. Bhd. (“ABSB”). (13 Sep 2013)
2013 Dec - Commencement of business operation in Kota Kinabalu, Sabah. (2 Dec 2013)
2014 Jan - Incorporation of YKGI (Thai) Co., Ltd. and YKGI (Thai) Steel Co., Ltd. in the Kingdom of Thailand. (10 Jan 2014)
2014 Feb - Commencement of business operation in Bintulu, Sarawak. (11 Feb 2014)
2014 July - Incorporation of ASTEEL Resources Sdn Bhd (“ARSB”) to undertake operations in East Malaysia region. The entire equity of 3 wholly-owned subsidiary companies of YKGI, ie ASB, ABSB and ASSB has been transferred to ARSB.
2016 Jan - Change of Address to Wisma YKGI, Lot 6479, Lorong Sg. Puloh/KU06, Kawasan Perindustrian Sungai Puloh, 42100, Klang, Selangor.
- Commencement of business operation in Miri.
- East Malaysia businesses managed under ASTEEL Group.
2017 Jan - Adopted Chinese name for ASTEEL Resources Sdn Bhd 宏盛資源有限公司
Adopted Chinese name for ASTEEL Group 宏盛集团
2017 Jun - Steel strapping line commissioned.
2017 Sep - ASTEEL Sdn Bhd awarded the GOLD Award under Large Category of Sarawak Chief Minister’s Industry Excellence Award (CMIEA) 2017
2017 Nov - Commissioning of Pipe Mill 1 in Kuching.
- Commencement of business operation in Mukah.
- ASTEEL Sdn Bhd awarded the Excellent Eagle Award of the Golden Eagle Award (GEA) 2017.
2018 May - ASTEEL Sdn Bhd awarded the Honesty Product Award, Honesty Enterprise Award and Honesty Entrepreneur Award of the 16th Asia Pacific International Honesty Enterprise Keris Award 2018, in conjunction with The Asia Pacific Book of the Top Recognition.
- Incorporation of ASTEEL Ajiya Sdn. Bhd. (“AASB”).
2018 Jul - ASTEEL Sdn Bhd awarded The Golden Bull Award 2018 - Super Golden Bull.
2018 Sep - ASTEEL (Bintulu) Sdn. Bhd. (“ABSB”) changed its name to ASTEEL Development Sdn. Bhd. (“ADSB”)
2018 Nov - ASTEEL Sdn Bhd awarded Sarawak State Entrepreneur of the Year Awards 2018.
2019 Mar - Change of Address to Suite 27-1, Setia Avenue, No.2 Jalan Setia Prima S U13/S, Seksyen U13, Setia Alam, 40170 Shah Alam, Selangor Darul Ehsan.
2019 Jun - Incorporation of ASTEEL Works Sdn. Bhd. (“AWSB”).
2019 Aug - Star Shine Marketing Sdn Bhd had acquired 51.41% of a new company - Acesteel Industries Sdn Bhd (“Acesteel”) on 1 August 2019.