Milestones
Extracted from Annual Report 2021
2021
April
Increase equity stake in Catalist-listed JEP Holdings Ltd to above 50%. Made mandatory general offer to acquire all the issued and paid-up ordinary shares in JEP
November
UMS market cap exceeded S$1 billion for the first time
2020
November
Starke acquired additional factory building to grow its material distribution business
2019
July
Raised equity stake in JEP Holdings Ltd to 38.7%
2018
September
Starke setup Malaysian subsidiary to grow its material distribution business
August
Acquired 70% equity stake in Non-Ferrous Metal Alloys Specialist, Starke Singapore Pte Ltd
January
Acquired 29.5% equity stake in Catalist-listed JEP Holdings Ltd, an Aerospace component manufacturer
2017
October
Obtained 10-years pioneer tax-free status under Ultimate Manufacturing Solutions (M) Sdn Bhd
March
Acquired 51% equity stake in Kalf Engineering Pte Ltd (“Kalf”), a water and chemical engineering solutions company
2012
February
Completed acquisition of Integrated Manufacturing Technologies Pte Ltd and Integrated Manufacturing Technologies Inc
2011
December
Entered into agreement to acquire Integrated Manufacturing Technologies Pte Ltd and Integrated Manufacturing Technologies Inc
2010
December
Obtained 10-years pioneer tax-free status in Malaysia
2009
February
Commence operation of Malaysia - Penang Hub, a RM75 million investment 2008
2008
February
Grand opening of new Changi North Rise facility
2007
August
Ground Breaking of Penang (Malaysia) facility
March
Entered into an exclusive contract with a major oil & gas company
January
UMS obtained AS9100:2004 certification
2006
December
Ground Breaking of a new 80,000 square foot facility in Changi North Rise, Singapore
August
Announcement of a US$20 million investment into new business segments including aerospace and oil and gas
2004
Merger with Norelco Centreline Holdings Limited
1996
Started UMS in Singapore
1984
Founding of Long's Manufacturing in Silicon Valley, USA by Luong Andy