BUMBLEBEE ECO SOLUTIONS SDN BHD
Awards and Recognition:
2022
Company details
Chairman
JACKIE YONG
Managing Director
KHOR LEONG
Address
No. 978 (also known as PT 830),
Lorong Perindustrian Bukit Minyak
20, Penang Science Park, Taman
Perindustrian Bukit Minyak, 14100
Simpang Ampat, Pulau Pinang,
Malaysia
No. 978 (also known as PT 830),
Lorong Perindustrian Bukit Minyak
20, Penang Science Park, Taman
Perindustrian Bukit Minyak, 14100
Simpang Ampat, Pulau Pinang,
Malaysia
Head Count
34
Website
Bumblebee Eco Solutions Sdn. Bhd. is a subsidiary of YBS International Berhad. Founded
in 2016, Bumblebee Eco Solutions has since become one of Malaysia’s most innovative
manufacturer and expanded its operations to both the domestic and overseas markets. Today,
Bumblebee Eco Solutions is notable for its wide range of paper honeycomb products ranging
from honeycomb core, honeycomb board, honeycomb pallet and honeycomb box. Honeycomb
products are made from a new environmentally friendly material which has the advantages of
big loading bearing, good elasticity, high intensity, variety specification in thickness, light weight
and low cost.
In Malaysia, there are only 5 paper honeycomb players and Bumblebee Eco Solutions is the
newest player having entered the sector in 2016. The company uses the latest technology to
support customers’ specific requirements and its products undergo a stringent quality control
process to ensure its quality and consistency across the board. The processes are supervised
by certified professionals equipped with high tech machineries. The company’s rule of thumb
is customer satisfaction and is committed to timely delivery of trustworthy and quality products,
fast response to customers’ requirements and excellent and reliable customer services.
Due to a global increase in awareness on environmental concerns, government trade regulations, increase in shipping/transportation costs and supply chain link towards e-commerce, online business/shopping, paper packaging has been widely used in various industry applications.
In 2022, Bumblebee Eco Solutions expanded its factory, moved to a larger plant with 2 times built up area from the old plant and invested in new corrugated machinery. The company also established and developed a new business unit for corrugated board and plans to start business in mid-April, 2022. The specifications of the corrugated machine will provide a high speed, premium quality board, more economical and efficient process for customers. With this, Bumblebee Eco Solutions foresees corrugated products as one of its core revenues.
Both the paper honeycomb and paper corrugated board units will be major contributors of the company’s revenue. With these 2-business units Bumblebee Eco Solutions is extremely excited about its future and the prospects of new customers. The company forecasts a 30%-50% growth for both paper honeycomb and paper board corrugated annually for the next 3 years (2022 – 2024). Bumblebee Eco Solutions has also set a target for IPO within year 2025 - 2026 as the ultimate goal.
Due to a global increase in awareness on environmental concerns, government trade regulations, increase in shipping/transportation costs and supply chain link towards e-commerce, online business/shopping, paper packaging has been widely used in various industry applications.
In 2022, Bumblebee Eco Solutions expanded its factory, moved to a larger plant with 2 times built up area from the old plant and invested in new corrugated machinery. The company also established and developed a new business unit for corrugated board and plans to start business in mid-April, 2022. The specifications of the corrugated machine will provide a high speed, premium quality board, more economical and efficient process for customers. With this, Bumblebee Eco Solutions foresees corrugated products as one of its core revenues.
Both the paper honeycomb and paper corrugated board units will be major contributors of the company’s revenue. With these 2-business units Bumblebee Eco Solutions is extremely excited about its future and the prospects of new customers. The company forecasts a 30%-50% growth for both paper honeycomb and paper board corrugated annually for the next 3 years (2022 – 2024). Bumblebee Eco Solutions has also set a target for IPO within year 2025 - 2026 as the ultimate goal.
Persistence is the needs of winners. Successful people has never give up. Winning doesn't mean the first but it's a journey for motivation, encouraging, challenges and keep going towards Bumblebee Eco Solutions Sdn Bhd's vision and mission.
The global demand for paper packaging in 2020 is USD230 billion with 5.9% CAGR and paper honeycomb was USD 4.2B with 3.5% CAGR. In Malaysia, paper corrugated demand in 2020 is USD0.86 billion @1.2M MTs and for paper honeycomb board consumption in Malaysia is about 6000MT with Bumblebee having 12% share in the market. Bumblebee Eco Solutions has forecasted a growth of 30% to reach 20% market share in 2024 by expanding its business throughout the central and southern regions in the next 2 years. For the paper corrugated business unit, the company initially concentrate on the northern region and forecasts an annual growth of 20% to 30%.
Persistence is the virtue of winners. Successful people never gives up. Winning is just the beginning, it’s a journey for motivation, encouragement, challenges and will keep Bumblebee Eco Solutions going in achieving its vision and mission.
