Lion Industries Corporation Berhad (“LICB”) was incorporated in Malaysia under the Companies Act 2016 on 17 May 1924 as Sungei Way Dredging Limited. It changed its name to Sungei Way Dredging Berhad on 15 April 1966 and later to Supreme Corporation Berhad on 1 October 1976 and Lion Land Berhad on 21 October 1991. The Company was listed on the Main Market of Bursa Malaysia Securities Berhad on 29 December 1973 and assumed its present name on 18 February 2003.
LICB is involved in the manufacturing of long steel products by Amsteel Mills Sdn Bhd (AMSB) in Klang and Banting, Selangor. AMSB’s plant in Klang produces billets for rolling into steel bars and wire rods while its plant in Banting produces special grade billets for rolling into specialty bars and wire rods for automotive parts, mattress and mechanical springs, turning parts, wire rods, wire ropes and other stringent applications. The steel bars and wire rods produced by LICB are used in the construction, fabrication and manufacturing industries.
In the property development sector, LICB is involved in property management and residential development. Some of its projects are Taman Malim Jaya in Melaka, Taman Soga in Batu Pahat and Pelangi Promenade in Klang.
The Company through its listed subsidiary, Lion Posim Berhad, is also involved in the trading and distribution of building materials including finishing products under the Simwares (sanitary wares), Simtec (tap fittings), Simcera (tiles) and SimLoc (ironmongery) brand names, as well as steel products; and petroleum-based products including automotive and industrial lubricants under the HI-REV and T-trax brands, and automotive components.