Tex Cycle Technology (M) Berhad, commonly known as Tex Cycle, is an investment holding company that is publicly listed on the ACE Market of Bursa Securities Malaysia Berhad since July 27, 2005. The company has a significant history, spanning over 39 years, during which it has primarily been involved in environmentally friendly industrial/scheduled waste management. Tex Cycle provides professional waste management services, catering to the needs of various industries in compliance with the Environmental Quality Act. In addition to its waste management business, Tex Cycle has expanded its operations globally into the Renewable Energy (RE) sector. The company has established and operates several entities under its group that are involved in renewable energy projects. These projects focus on generating power or value-added products from various sources, including solid waste, recovered waste, solar energy, biomass, and biogas with a total of approximately 19MWh of RE Projects have been secured in Malaysia.
What are some of your organisation’s proudest moments/milestones in Malaysia in the green initiatives?
Some of the proudest moments of Tex Cycle are being licensed with 31 waste codes by the Department of Environment to collect, treat and recover scheduled waste with 6,400 plus customers encompassing all over Malaysia. Apart from that the Company has also ventured successfully into Sabah to setup another scheduled waste management facility to handle the Borneo waste as well as invested into its own rooftop solar for electricity savings plus rainwater harvesting systems.
On top of that, Tex Cycle has been awarded with the ISO14001:2015 Environmental Management Systems since 2003 and constantly achieved till-to date. Besides that, Tex Cycle has also been awarded with the Prime Minister Hibiscus Award for the year 2004 till 2009. Besides that, the following are some other milestones/awards achieved:
- 2006 & 2008 – awarded by the Malaysian Canadian Business Council under the Business Excellence Category
- 2008, 2009 & 2010 – awarded Practice Solution Award under the SME Category for National Award for Management Accounting (NAfMA)
What are some of your company’s main initiatives in the green space?
Tex Cycle has been in this space for many years and with that we are amid of being one of the key drivers to assist the Malaysian government to hit our Net Zero target by the year 2050 by way of participating in talks, awareness campaigns, exhibitions, and etc to promote further on our expertise plus efforts taken to inspire more businesses out there to do the same. The simple reason is that in order to achieve these targets there has to be great inclusivity and teamwork by all players in the industry.
How is your company implementing these initiatives and who is leading them?
To begin with we are collaborating closely with environmental agencies, governmental bodies, universities and private organisation be it locally or globally to spearhead this initiatives. We have our core team managing and leading this part of the initiatives plus it has been embedded into our whole organisation’s people to assist on this movement too.
What are the key aims and targets for your company’s green initiatives and what are your timelines to achieve them?
On hindsight we aim to be a prominent green player in the next 5-10 years especially on the waste management forefront to serve the industry which is in dire need to solve the environmental issues in our country as well as globally. With the inclusion of a more dynamic major shareholder and energetic team we hope to be able to penetrate further the waste management market by way of M&A as well as expansion in our customer base in the near term.
Why, in your opinion, is the Race to Zero Campaign instrumental for businesses?
As climate change and environmental issues become more pressing, businesses are increasingly expected to take responsibility for their carbon emissions. Engaging in the Race to Zero Campaign demonstrates a commitment to environmental responsibility and sustainability, which can enhance a company’s reputation and demonstrate its dedication to combating climate change. Investors and financial institutions are increasingly considering a company’s environmental impact in their investment decisions. Businesses that embrace the Race to Zero campaign may find it easier to attract investment and secure better financing terms. They may also mitigate financial risks allied with climate change and the potential costs of not adapting to a low-carbon future.
What are the top 3 reasons for your organisation joining the BMCC?
The chamber’s knowledge of the Malaysian market, regulatory framework, and business practices can provide essential insights for navigating the intricacies of the local market.
What is the top value you see for yourself or your organisation in being a member of the BMCC?
- Networking opportunities – especially we are looking out for M&A and new businesses for the scheduled waste sector as well as creating some brand awareness for our Company
- Informative and resourcefulness – in relation to the SW management sector as well green agenda be it renewable energy, sustainability etc.
- Targeted audiences for events – useful for us to target our approach depending on the event objective
What is the top value you see for yourself or your organisation in being a member of the BMCC?
- Insights into the waste management industry in Malaysia
- Meeting high-profile personalities which would add more value to Tex Cycle in terms of brand awareness
