Business Overview
Business Overview
Micro-Mechanics is a Next Generation Supplier focused on enabling advanced technologies. The Group designs and manufactures consumable tools that reduce defects and improve yields in advanced semiconductor packaging, assembly and testing processes. The Group also manufactures precision components for critical production processes in the wafer-fabrication equipment and other high-tech industries.
Founded in 1983 and listed on the SGX Mainboard (SGX:5DD) in 2003, the Group has become a trusted partner to more than 600 customers worldwide, providing fast, effective and localised support across its five operating facilities in Singapore, Malaysia, China, the Philippines and the USA.
The Group is committed to executing its Five-Star Factory initiative, which aims to drive excellence across five key areas - people, customers, workplace safety and efficiency, operations, and innovation - to strengthen its core operating foundation. Together with a focus on financial discipline and strong governance practices, the Group aims to solve high-value problems and deliver sustainable long-term stakeholder returns.
Since listing, Micro-Mechanics has received nearly 40 awards in recognition of its high standards of corporate governance, quality of disclosure, transparency and investor relations.
Mission Statement
Micro-Mechanics' mission is to provide its customers with Perfect Parts and Tools, On Time, Every Time, based on scalable, repeatable, cost-effective and data-driven processes.
Vision Statement
Striving for Excellence in People, Innovation, and Precision Machining…to develop breakthroughs in technology, the ‘science of machining’, and human potential.
IPO
On 25 June 2003, the Group completed an Initial Public Offering on the Singapore Exchange (SGX-Sesdaq), offering 22 million new shares at S$0.23 each. At the opening bell, Chris Borch, founder and CEO said: "For nearly 20 years, we have worked to build a solid foundation for growth. Our successful IPO represents a new beginning from which we aim to bring the company to the next level." On the first day of trading, Micro-Mechanics shares closed at S$0.415, representing a premium of over 80% on its issue price.
On 22 July 2008, Micro-Mechanics was upgraded to the Mainboard of the Singapore Exchange (SGX-ST).
Micro-Mechanics is traded on the Mainboard of the Singapore Exchange (5DD.SI).
Low Ming Wah, former President and COO, and Chris Borch, Founder and CEO, signal the start of trading of Micro-Mechanics shares on the SGX-Sesdaq on 25 June 2003.