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Amalgamated Industrial Steel Sdn. Bhd. (AIS) was initially incorporated on 20 November 1969 as a private limited company. Formed by a group of leading local hardware importers, supported by Tokyo Boeki Limited and Kawasaki Steel Corporation, two renowned Japanese organisations in the steel industry, AIS was the pioneer and first manufacturer of steel pipes in Malaysia. On 18 May 1971, AIS commenced operations with a paid-up capital of RM4 million and an authorised capital of RM10 million.

With its steady growth and success, AIS became a public company on 10 December 1974, changing its name to “Amalgamated Industrial Steel Berhad” (AISB). It was a prelude to another milestone when it obtained its listing status on the Main Board of Kuala Lumpur Stock Exchange on 28 June 1983, now known as Bursa Malaysia Securities Berhad.

AISB’s product range in the steel industry encompassed black welded steel and galvanised industrial pipes, which came in various sizes according to specifications and shapes. Its dedication to delivering consistently high-quality products, services and solutions culminated in it attainment of a slew of national as well international accreditations and certifications.

In 2015, AISB embarked on a business re-engineering process by divesting its manufacturing operations and focusing on trading of steel-related products, property development and property investment.

At an extraordinary meeting on 16 February 2015, it obtained the approval of its shareholders to diversify its operation into property development. Amalgamated Industrial Marketing Sdn Bhd, one of its wholly owned subsidiary, changed its name to Parkwood Developments Sdn Bhd to function as AISB’s property arm overseeing all its property development and investment projects. AISB is also looking into acquisition of new strategic land bank/properties to ensure business sustainability.


 
 

 

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