What Master-Pack Group does

Master-Pack Group Berhad is a Malaysian public-listed total packaging solutions provider incorporated in 1994 and listed on the Bursa Malaysia Second Board under stock code 7029 (formerly traded as 7029 HUNZA). The company designs and manufactures corrugated paperboard cartons and Laminated Veneer Lumber (LVL) wood packaging through three wholly-owned subsidiaries: Master-Pack Sdn Bhd (headquartered in Nibong Tebal, Penang), Master-Pack Sarawak Sdn Bhd (Kuching, Sarawak), and Master-Pack Vietnam Co., Ltd. Its product portfolio spans sheet board, slotted type cartons, telescope boxes, folder type packaging, interior fitments, die-cut solutions, palletized shipping containers, and industrial wooden pallets, serving industrial, manufacturing, and export/trading customers that require packaging for storage, shipping, and product protection across Malaysia and Vietnam.

The business operates a direct B2B sales model with quote-based pricing to enterprise customers, distributing products directly from its three manufacturing facilities. Sustainability is a positioned differentiator: the company holds life cycle assessments for both its corrugated and LVL product lines, has achieved FTSE4Good Russell ESG Rating recognition in 2025, maintains ISO 9001 and ISO 14001 certifications at its Vietnam operations, and has accumulated multiple ESG/sustainability awards (ESG PLUS Awards 2025, World Green Manufacturing Excellence Award 2024, Excellence in Sustainable Practices Award 2026). Marketing and commercial outreach occur via the corporate website, an Instagram corporate account, industry exhibition participation (WEPACK ASEAN 2024, WEPACK Shenzhen 2026), and university sponsorships. The company employs 101-250 people across its operations, with strategic activities in 2024-2026 focused on ESG training, director governance, and incremental asset additions rather than transformative expansion.

Name

Master-Pack Group

Legal name

Master-Pack Group Berhad

Website

https://master.net.my

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

101–250 employees

Short description

Master-Pack Group Berhad is a Malaysian Bursa Malaysia-listed packaging manufacturer producing corrugated paperboard cartons and wooden pallets through three subsidiaries in Penang, Kuching, and Vietnam for industrial B2B customers.

Ownership category

akta.pro rank

Product category

Industrial Packaging

NAICS

Paperboard Container Manufacturing (32221), Other Paperboard Container Manufacturing (322219), Wood Container and Pallet Manufacturing (32192), Wood Container and Pallet Manufacturing (321920)

SIC

Paperboard Containers & Boxes (2650), Papers & Allied Products (2600)

akta.pro primary industry

Corrugated Packaging & Boxes (RSC, die-cut, bulk bins) (IMAMAHAA)

akta.pro secondary industries

Export & Compliance Packaging (ISPM-15, Heat-Treated Wood Packaging) (IMALAFAL), Pallets (Wood, Plastic, Metal, Presswood) (IMALAFAF), Wood Pallets, Crates & Industrial Wood Packaging (IMADADAJ), Tertiary Packaging & Unitization (Palletizing, Slip-Sheeting, Strapping) (TLAIAGAC)

Keywords

• Corrugated packaging
• Wooden pallets
• Industrial cartons
• LVL wood packaging
• Export packaging

Headquarters

HQ city

Nibong Tebal

HQ country

Malaysia

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D

Distribution channels1 record

Marketing channels4 records

Core offering

Master-Pack Group Berhad manufactures and sells corrugated paperboard cartons and wooden / LVL pallets for industrial, manufacturing, and export customers. Its product range covers sheet board, slotted type, telescope, folder type, interior fitments, die cut, palletized shipping containers, wooden pallets, and other specialised packaging accessories, produced through wholly-owned subsidiaries in Penang, Sarawak, and Vietnam.

Product overview

Master-Pack Group Berhad operates as a Total Packaging Solutions Provider, offering a comprehensive portfolio of corrugated carton and wooden packaging products. The company is organized into three main subsidiaries: Master-Pack Sdn Bhd (Penang, Malaysia), Master-Pack Sarawak Sdn Bhd (Sarawak, Malaysia), and Master-Pack Vietnam Co., Ltd (Vietnam). The core product line includes Sheet Board, Slotted Type, Telescope, Folder Type, Interior Fitments, Die Cut, Palletized Shipping Container, Wooden Pallet, and Other packaging solutions. Both corrugated and wooden pallet products are supported by Life Cycle Assessments, reflecting the company's commitment to sustainable packaging. The group serves industrial and commercial customers requiring packaging for storage, handling, and shipping applications across Malaysia and Vietnam.

Differentiator

Problem solved

Functional benefit

Products and services

• Sheet Board Corrugated sheet board packaging products used for protective packaging and shipping applications. Targeted at industrial and manufacturing customers needing protective outer packaging.
• Slotted Type Carton Slotted carton packaging design for efficient assembly and storage, sold to industrial buyers requiring standard corrugated cartons.
• Telescope Carton Telescopic packaging design that adjusts to product height for secure containment, supplied to industrial customers with variable-height products.
• Folder Type Carton Folder-style packaging for flat or thin products requiring secure wrapping, targeted at manufacturers of flat goods.
• Interior Fitments Custom interior packaging components for product protection and organisation within outer packaging, supplied alongside outer cartons to industrial customers.
• Die Cut Packaging Custom die-cut packaging solutions tailored to specific product shapes and dimensions, supplied to industrial buyers needing shaped protective packaging.
• Palletized Shipping Container Shipping containers built onto pallet bases for efficient handling and transportation, supplied to export and industrial customers needing ready-to-ship palletised loads.
• Wooden Pallet Industrial wooden pallets for material handling, storage, and shipping logistics, including Laminated Veneer Lumber (LVL) variants, supplied to manufacturing and export customers.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered minor.

• Muhibbah Engineering BhdminorOthers · 12 June 2025Business associate visit to Master-Pack Sdn Bhd facilities. Muhibbah Engineering Bhd visited MPSB on June 12, 2025 for a facility tour and business discussion.
• Petzl Manufacturing Malaysia Sdn BhdminorOthers · 9 October 2024Visit to Petzl Manufacturing Malaysia Sdn Bhd on October 9, 2024. Relationship appears to be a business/customer visit for industry networking purposes.
• Universiti Sains Malaysia (USM)minorOthers · 29 May 2024MPGB served as Platinum Sponsor for USM Intraschool Chem-E-Car Competition 2024. University partnership for student development and STEM education support.
• University of Technology SarawakminorOthers · 4 April 2024Visit by students from University of Technology Sarawak 2024 to Master-Pack Sarawak facilities. Educational institution partnership for industry exposure.

Scale indicators3 records

Recent moves10 records

Expansion highlights4 records

Emerging players

• Cascades Inc. Canada-based sustainable packaging and tissue products company with corrugated and specialty packaging offerings. Comparable sustainability-focused positioning, though different geographic footprint.

Broad incumbents

• Mondi plc: UK-listed global packaging and paper group with significant corrugated packaging operations. Comparable product mix and end markets, though with global scale and listed on a larger exchange.
• Rengo Co., Ltd. Japan-based leading packaging manufacturer with corrugated paper and related packaging products. Comparable in product mix and Asian regional focus, though larger scale.
• Nine Dragons Paper Holdings: China-based global leader in containerboard and kraft paper manufacturing with significant packaging operations. Broad incumbent offering overlapping products to similar industrial customers at much larger scale.
• Smurfit Kappa Group: Global leader in paper-based packaging, including corrugated containers, with strong presence across Europe and the Americas. Broad incumbent in the corrugated packaging space with similar product offerings but global scale.
• Asia Pulp & Paper (Sinar Mas): Indonesia-based global paper and packaging conglomerate producing corrugated, paperboard, and packaging products across Asia. Broad incumbent in the same end markets, with substantially greater scale and vertical integration.

Direct peers

• SDB Holdings Berhad: Malaysian packaging company producing paper-based packaging products. Direct peer sharing the same geography, customer base, and product category (corrugated and industrial packaging).
• Tomypak Holdings Berhad: Malaysian-listed flexible and industrial packaging manufacturer. Comparable as a Bursa Malaysia small/mid-cap packaging company targeting similar B2B industrial customers across Southeast Asia.
• Box-Pak (Malaysia) Bhd: Malaysian-listed manufacturer of corrugated and packaging products. Direct peer as a homegrown Bursa Malaysia-listed corrugated packaging company serving industrial customers with a similar product portfolio.

Regional players

• Kian Joo Can Factory Berhad: Malaysian-listed packaging manufacturer focused on metal cans, tin containers, and packaging materials. Regional peer in the Bursa Malaysia packaging sector, though with a different substrate (metal vs. paper/wood).

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/mpgb_team
• LinkedInlinkedin.com/company/master-pack-group-bhd

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Master-Pack Group