CYL Corporation

What CYL Corporation does

CYL Corporation Berhad is a Malaysian public-listed industrial manufacturer founded in 1980 and traded on Bursa Malaysia (KL:CYL). Through its wholly-owned subsidiary Perusahaan Jaya Plastik (M) Sdn Bhd, the company produces blow moulding and injection moulding plastic packaging containers at a single Shah Alam production facility with annual capacity of 4,000-4,500 tonnes, currently operating at approximately 70% utilization. Its customer base spans four Malaysian end-markets — automotive lubricants, toiletries, pharmaceuticals, and dairy products — supplied via a direct B2B sales model.

The company's core technology is conventional blow moulding and injection moulding, with no proprietary tooling, patents, or AI/automation features disclosed in available material. Revenue is generated primarily through hardware sales of plastic containers, with pricing conducted on a quote basis to industrial clients; no public pricing information is available. In May 2024, CYL announced a strategic diversification into industrial property development, planning a RM38 million GDV semi-detached factory project on a 1.28-acre plot adjacent to its Shah Alam plant, with expected earnings contribution of RM10.5 million and completion targeted for Q4 2026.

CYL is family-controlled, with the Chen family collectively owning approximately 57% of shares (founder Chen Yat Lee at 33.97%), leaving only ~21% free float and rendering the stock highly illiquid. The balance sheet is clean — RM7.29 million cash and no debt as of January 31, 2024 — providing optionality for diversification but limited financial firepower for large-scale expansion. FY2024 results showed revenue of RM42.89 million (down 4.3% YoY) and a widened net loss of RM1.53 million, reflecting margin pressure from rising resin, labor, and electricity costs that motivated the property pivot.

Name

CYL Corporation

Legal name

CYL Corporation Berhad

Website

https://cylcorporation.com

Company type

Public

Founded year

1980

Operating status

Operating

Headcount range

101–250 employees

Short description

CYL Corporation Berhad is a Malaysian public-listed manufacturer of blow moulded and injection moulded plastic packaging, supplying automotive lubricants, toiletries, pharmaceuticals, and dairy industries through its Shah Alam facility and recently diversifying into industrial property development.

Ownership category

akta.pro rank

Product category

Plastic Packaging Manufacturing

NAICS

Plastics Product Manufacturing (3261), All Other Plastics Product Manufacturing (326199), Plastics and Rubber Products Manufacturing (326)

SIC

Plastics Products, Nec (3089), Miscellaneous Plastics Products (3080)

akta.pro primary industry

Blow-Molded Food & Beverage Packaging (IMANAGAK)

akta.pro secondary industries

Packaging Injection Molding (Caps, Closures, Thin-Wall, IML) (IMANAFAA), Blow-Molded Household & Cleaning Product Packaging (IMANAGAL), Blow-Molded Packaging Closures & Dispensing Components (Caps, Nozzles) (IMANAGAH)

Keywords

• Plastic packaging manufacturing
• Blow moulding products
• Injection moulding products
• Industrial containers
• Industrial property development

Headquarters

HQ city

Shah Alam

HQ country

Malaysia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure

Revenue model

1. Plastic packaging manufacturing and sales: Manufacturing and supply of blow moulding and injection moulding plastic products to various industries. Revenue is generated through product sales to automotive, toiletries, pharmaceutical, and dairy sectors.
2. Property development: New strategic diversification into property development. The company plans to develop semi-detached factories on idle land adjacent to their Shah Alam factory. Estimated GDV of RM38 million with expected earnings contribution of RM10.5 million.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

CYL Corporation manufactures and supplies blow moulding and injection moulding plastic packaging products to Malaysian manufacturing industries including automotive lubricants, toiletries, pharmaceuticals, and dairy sectors through its wholly-owned subsidiary Perusahaan Jaya Plastik (M) Sdn Bhd. The company has annual plastic packaging production capacity of 4,000-4,500 tonnes and is diversifying into industrial property development via a semi-detached factory project.

Product overview

CYL Corporation Berhad operates as a dual-business company through its wholly-owned subsidiary Perusahaan Jaya Plastik (M) Sdn Bhd, offering blow moulding and injection moulding plastic packaging products to various Malaysian industries. The company has recently diversified into property development with a semi-detached factory project valued at RM38 million GDV.

Differentiator

Problem solved

Functional benefit

Products and services

• Blow Moulding Products Blow moulded plastic packaging containers supplied to Malaysian manufacturing industries including automotive lubricants, toiletries, pharmaceuticals, and dairy sectors.
• Injection Moulding Products Injection moulded plastic packaging products supplied to manufacturing industries in Malaysia across automotive lubricants, toiletries, pharmaceutical, and dairy sectors.
• Semi-Detached Factory Development Industrial property development project targeting medium and light industrial businesses seeking factory spaces in the Shah Alam industrial area.

Quantifiable outcome

• Manufacturing capacity of 4,000-4,500 tonnes of plastic packaging annually
• +2 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators11 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Dynapack Asia (M) Berhad: Malaysian plastic packaging manufacturer producing rigid containers and PET products for food, beverage, and personal care industries. Closely comparable to CYL in blow moulding processes and dairy/F&B customer exposure.
• Tomypak Holdings Berhad: Malaysian flexible and rigid plastic packaging manufacturer serving food, beverage, and industrial customers. Comparable in product portfolio and Malaysian end-market exposure to CYL's blow moulding and injection moulding operations.
• KCC Kitaran Sdn Bhd (KCC Group): Malaysian plastic packaging converter serving food, beverage, and industrial customers with injection and blow moulded products. Directly comparable product mix and Malaysian B2B customer base.
• SCGM Bhd: Malaysian plastic packaging and container manufacturer serving food and beverage customers with thermoformed and moulded products. Comparable as a domestic plastic packaging supplier to similar FMCG and industrial end markets.
• Scientex Berhad: Malaysia's largest stretch film and plastic packaging manufacturer, directly comparable to CYL as a domestic plastic packaging producer serving industrial and consumer end markets. Scientex is significantly larger but operates in the same product categories and geographic market.
• BP Plastics Holding Berhad: Malaysian producer of polyethylene-based packaging films and products, directly comparable in product type and Malaysian market focus. Similar size and B2B industrial customer model to CYL Corporation.
• Central Industrial Corporation Berhad: Malaysian manufacturer of industrial and consumer plastic products including moulded components. Comparable as a domestic plastic product manufacturer with a similar B2B industrial customer base and Malaysian operational footprint.
• Teck Guan Perdana Berhad: Sabah-based Malaysian plastic packaging and edible oils producer with similar blow moulding and packaging operations. Comparable in product category and Malaysian market focus, though with a regional concentration in East Malaysia.

Broad incumbents

• Sealed Air Corporation: Global protective and food packaging giant offering rigid and flexible plastic packaging solutions. Comparable technology category (blow moulding, packaging manufacturing) but vastly larger scale and multinational footprint relative to CYL's Malaysian domestic focus.
• Silgan Holdings: Global manufacturer of rigid plastic containers, closures, and dispensing components for food, beverage, and personal care markets. Overlaps with CYL's blow moulded bottles, caps, and household/personal care packaging product lines.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

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 CYL Corporation