Symex Holdings (SYM)

Shares / Stock Code

SYM

Stock Exchange / Sharemarket

ax

Symex Holdings (SYM) is a leading manufacturer and distributor of oleo products, glycerine and personal care and home products. Symex listed on the Australian Stock Exchange (ASX) on 29 August, 2000. The Company is based in Port Melbourne, Australia and it is organised in to two business segments: specialty chemicals and consumer products. The product range offered by specialty chemicals includes oleine, stearine, glycerine, distilled fatty acids. Its consumer products division offers products including soap, detergents and other fast moving consumer goods. Symex Holdings acquired DCS International Pty Ltd on May 28, 2007. The Company manufactures its Oleo Products from natural oils such as tallow, palm and coconut oil. The Company supplies more than 75% of its products to in excess of 35 countries, including the Asia-Pacific region, North America and Europe. Symex is accredited under ISO9001:2000. The Company uses structured quality programs in order to make sure that its products maintain consistent high quality together with strict adherence to high standards. Symex Holdings is providing quality products and excellence customer services and it is committed to address the most stringent requirements of the customers. The use of advanced technology, innovation and experience are the key differentiating factors of the company.

Symex Holdings History

SYM history can be traced back to 1860 when J Kitchen & Sons was established. During 1860 to 1880, the company expanded and diversified into tallow rendering, and the manufacturing of soap, soda crystals, baking powder, Stearine and Glycerine. In 1924 the company completed the merger with Lever Brothers and eventually became the part of conglomerate Unilever in 1930. In 1956 the Company was renamed to Unilever Australia. In 1971 the Company re-established J Kitchen & Sons as the Oleo Product manufacturing division of Unilever. In 1978, the Company changed its name to Unichema Australia, and became part of the Unichema International group of companies. Unichema Australia obtained an ISO9002 accreditation in 1991. Unichema sold its business to ICI Plc in July 1997. In late 1999, SYM was established as a result of a management buy-out of the Uniqema business from its former parent company ICI Plc. SYM floated on the ASX on 29 August 2000. It purchased the business of Pental Products in March 2003 and acquired some Unilever soap brands in early 2004. It acquired DCS International Pty Ltd, an importer and distributor of diversified chemicals and soap products in 2007.