DPI aims to list on ACE Market of Bursa Malaysia

KUALA LUMPUR: Aerosol paints producer DPI Holdings Berhad (DPI) has obtained the approval from Bursa Malaysia Securities Berhad (Bursa Malaysia) to list on the ACE Market of Bursa Malaysia.

DPI produces and distributes aerosol paint cans of more than 300 colours under its three in-house brandnames (Anchor, DPI and Kromoto), as well as private label brands for its customers locally and internationally.

Established in 1975, the DPI Group also has other complementary product offerings, namely industrial aerosol products, thinners and solvents. DPI Group has the competency to formulate, develop, customise and produce a wide range of aerosol paints to fulfil its customers' specifications.

DPI's products are sold via a wide-range of distribution channels encompassing approximately 700 customers in Malaysia. DPI's products are used by consumers for automotive repair and maintenance, arts and crafts, and Do-It-Yourself (DIY) purposes.

Peter Chai, executive chairman and managing director of DPI Holdings said: “For more than 30 years, DPI has stamped our mark in the aerosol paint space by not only producing quality products, but also being able to meet customisable demands across multiple consumer applications.

“Our product brandnames are popular with hobbyists, DIY enthusiasts, arts and crafts students, and even automotive bodyworks detailers.

Listing on the ACE Market of Bursa Malaysia will enable us to embark on a new growth phase, and will allow us to take advantage of future opportunities to expand further in Malaysia and regional markets.”

DPI's manufacturing facility located in Johor, is capable of producing 9.7 million aerosol cans per annum and holds the ISO 9002:2015 Quality Management System certification.