Mr. Lee Seng Thye & Mr. Lee Seh Meng's Background
Mr. Lee Seng Thye - Managing Director
Mr. Lee Seng Thye has more than 35 years of industry experience. He started his career in the furniture and fittings industry in 1982 before venturing into trading of woodworking machinery and industrial adhesives in 1990 and 1994 respectively. Subsequently, Mr. Lee saw the market potential for industrial adhesives and founded Techbond in 1996 to focus on the development and manufacturing of industrial adhesives. He currently oversees the strategic direction of the group and remains instrumental in the planning and development of Techbond’s business strategies.
Mr. Lee Seh Meng joined Techbond in 2011 as a sales executive before furthering his studies to pursue his Master’s degree and rejoined the Group in 2013. He was the Head of Business Development/Alternate Director before redesignated to his current position in 2019. He manages Techbond’s overall operations and resources as well as developing and executing the group’s strategies.
1. Could you share with us on Techbond's history and background? What are Techbond's competitive advantages compared to other similar market players?
TTechbond, established in 1996, is a homegrown pioneer in developing and manufacturing industrial adhesives and sealants. The Group places a huge emphasis on research and development (R&D) and has 8 in house trademarked brands – Sonicbond, Starbond, Sonicfill, Econails, Wanna, Komotech, Innomelt & Hydromelt. Listed on the Main Market of Bursa Malaysia Securities Berhad since December 2018, the group’s manufacturing operations are based in Shah Alam, Selangor, Malaysia, and Binh Duong, Vietnam.
We serve a variety of industries such as woodworking, paper & packaging, automotive, building & construction, personal care, cigarette, and mattress. Our products are distributed to more than 15 countries such as Indonesia, China, Thailand, Philippines, Hong, Kong, Cambodia, Brunei, Laos, Myanmar, Oman, Liberia, Uganda, etc. One of our main competitive advantages is our in-house R&D capabilities. We continuously develop new formulations to expand our range of products.
The group also has the capability to customize products to meet the changing needs of our customers. We are proud that most of our industrial adhesives and sealants are developed in-house. Techbond has a dedicated R&D facility located in Shah Alam and supported by a highly capable team.
Another competitive advantage of Techbond is the supporting products and services we provide to our customers. We provide original equipment manufacturer (“OEM”) industrial adhesives & sealants, supply adhesive repellent & cleaner, chemicals as well as adhesive mixing machines. This increases customer stickiness and ultimately enhancing our competitive advantages.
2. Recently, Techbond Greentech Sdn Bhd (TGSB), a whollyowned subsidiary of Techbond, collaborates with the Malaysian Palm Oil Board (MPOB) to produce polyol from palm oil to develop a palm oil-based industrial adhesives. What is the latest progress of this collaboration with MPOB?
Following the handover of the polyol formulation with MPOB, we have since developed the prototype palm-oil based adhesive and tested it on some products and the results are very encouraging. Currently, the prototype palm-oil based adhesive is undergoing application testing with the Forest Research Institute Malaysia (FRIM) to ensure it meets our requirements as well as our customers’ standards.
Meanwhile, the technology transfer process with MPOB remains ongoing as we are exploring methods to enhance the efficiency of the processes involved in the development of the palm-oil based adhesive. If all goes well according to plan, we hope to bring this novel and innovative product to market in one to two years.
3. Techbond's main business operation is developing and m