Golsta Synergy Berhad was incorporated as a private limited company on 2nd June 1999, and converted to a public listed company on the Kuala Lumpur Stock Exchange (KLSE, now known as Bursa Malaysia) on 8th June 1999. Involved in the design, fabrication, installation, and maintenance of industrial machinery and equipment for a wide spectrum of user industries, either for stand-alone units or the whole plant set-up on contract or turnkey basis, Golsta started as a company with humble beginnings.
The directors' active involvement in engineering can be dated back to their earlier engineering company registered in 1976 known as Golden Star Engineering Works, operating in a modest workshop of about 9,000 sq. ft. in floor area. Its activities then were confined to the fabrication of simple engineering structures and duplication of components and parts to service the needs of the imported machinery and equipment used in construction, rubber processing, plywood, palm oil, and other manufacturing industries.
Fast forward to 1984, the partnership converted to Golsta Sdn. Bhd. (GSB) to consolidate its management and manufacturing base and to meet with the increasing varying needs of clients. At this juncture, GSB began to gain recognition as a leading engineering contractor with fabrication and installation capabilities in completing fast-track projects on schedule, cost-effectively with good quality.
During the economic downturn between 1985 and 1987, GSB proved its resilience by exhibiting steady growth in turnover as well as profitability. The business was further expanded with increasing orders secured during the economic recovery which was underpinned by the influx of foreign investment and robust growth in local consumption. GSB began to secure, fabricate, and install machinery and equipment with increasing complexity and higher volume throughputs under the trademark of "Golsta" for a wide spectrum of user industries.
1993, GSB embarked on a horizontal and downward integration scheme by acquisition of 85% of Foundry Engineering Corporation Sdn. Bhd. (FESB), to complement its existing activities and acquired the remaining 15% of the said equity in January 1996. Incorporated on 29th November 1978, FESB is principally involved in designing, fabricating, installing, and commissioning of packaging machines, material handling machinery and equipment, specializing in process machinery for food and snack food industries, and customizing machinery and equipment upon requests of clients under the trademark of "FEWM".
Early 1994, GSB then further integrated its engineering activities to manufacture machine and equipment on "Design, Manufacture, and Install" basis for natural rubber processing, animal feedmill, and related industries catered for MNCs and overseas markets, and emerged as one of the market leaders in the industry.
GSB also transformed its operations into a modern integrated manufacturing plant with strong emphasis on constant product development and production process upgrading to enhance efficiency and reduce wastage. GSB also begun to comprehensively adopt the modern automated manufacturing facilities with Computer-Aided Design (CAD), or Computer-Aided Manufacturing (CAM) systems of controls and HR development in order to bolster its production output and the overall productivity.
In 1995, the GSB Group acquired Golsta Industries Sdn. Bhd. (GISB), a project management and consultancy company which renders project consultancy and management services for the machinery and engineering projects.
1997, GSB further expanded its factory capacity to house the state-of-the-art engineering facilities including the recently purchased three units of heavy duty CNC/NC horizontal boring, drilling, and facing machines.
In September 1998, the Group joined hands with Machinefabriek Hendrick, B.V, Netherlands to form a joint-venture company under the name of GEM Asia Sdn. Bhd. to undertake design, fabrication, and manufacture of specialized industrial machinery, automation, and mechanization for all types of user industries for the Asia Pacific region.
Over the years, the Group places strong emphasis on product/service quality, productivity, and effectiveness of the overall operational systems by investing substantially in the state-of-the-art manufacturing plant and machinery, and continuous human resource development in order to enhance its competitive advantages in the increasing competitive international market. To boost the profitability and earnings base, the Group also undertook higher-end and/or higher margin projects with increasing engineering complexity and inputs backed by its marketing offices scattered in Amsterdam of Netherlands, Neuilly of France, Ho Chi Minh City of Vietnam, Medan of Indonesia, and Shanghai of China.
In quest of new technologies, the Group has entered several technological transfer agreements and arrangements involving licensing, production, technical supports, information access, staff training, and learning programs with leading European engineering firms in particular those from Netherlands and Belgium to undertake design, fabrication, and development of specialized industrial machinery, process automation and mechanization, which in turn enabled the Group to broaden and deepen its industrial and technological bases for its future expansion and development.