Corporation Berhad, originally known as Norsechem
(M) Sdn. Bhd. (Norsechem), was incorporated
on 25th June 1969 as a private limited company
on a joint-venture basis between two Norwegian
companies, Overseas Company Ltd. and A/S Jotun
Odd Gleditsch (now known as A/C Jotungruppen)
and a Malaysian interest, Summit Holdings
Sdn. Bhd. It commenced operations with an
authorised capital of RM10,000,000 divided
into 10,000,000 ordinary shares of RM1.00
undergoing a scheme of reorganisation in 1979
in compliance with the New Economic Policy,
it successfully made a public issue of 1,700,000
ordinary shares of RM1.00 each at par to the
Malaysian public on 18th August 1979. The
Company was admitted to the Official List
of the Kuala Lumpur Stock Exchange on 13th
business of the Company consisted of the manufacture
and distribution of synthetic resins, industrial
glues and a whole range of urea-formaldehyde
and phenol-formaldehyde products.
products originally manufactured by the Company
and sold under the trademarks, 慛oramin?and 慛orphen?
are well-known among industrial users of
adhesive products. The market for these products
comprises the manufacturers of plywood, chipboard,
blockboard, mass-production furniture and
laminated truck-decking industries.
8th November 1983, the par value of the Company抯
shares was changed from RM1.00 to RM0.50.
On 1st January 1986, the Company transferred
its business and assets relating to the manufacturing
of adhesive products to a wholly-owned subsidiary,
Norsechem Resins Sdn. Berhad. On 24th July 1986,
it changed to its present name of Hexza Corporation
Company is now an investment holding company
with operating subsidiaries involved in a range of activities
as set out in the corporate profile.