Formerly | Diversified Resources Berhad |
---|---|
Company type | Public limited company |
MYX: 1619 | |
ISIN | MYL1619OO005 |
Industry | Conglomerate |
Predecessor |
|
Founded | 1996 |
Founder | Yahaya Ahmad |
Headquarters | Shah Alam, Selangor , |
Area served | Southeast Asia |
Key people |
|
Revenue | RM12.65 billion [1] (2021) |
Total assets | RM41.68 billion (2019) |
Number of employees | Approx. 47,000 |
Subsidiaries | |
Website | www |
DRB-HICOM Berhad (MYX : 1619) is one of Malaysia's leading corporations, involved in the automotive manufacturing, assembly and distribution industry through its involvement in the passenger car and four wheel drive vehicle market segment, the national truck project and the national motorcycle project. DRB-HICOM is the majority shareholder of Malaysia's national car company, Proton, with China's Zhejiang Geely Holding Group the other shareholder since an equity sale in 2017. [2] The Group also owns national motorcycle company Modenas, with Japanese two-wheeler giant Kawasaki as its partner. [3] DRB-HICOM assembles cars in Malaysia for Tata Motors, Honda, Isuzu, Mercedes-Benz and Volkswagen, with plans for expansion. [4] [5] [6] [7] The Group also retails various brands such Audi (via Euromobil Sdn Bhd), Mitsubishi (via EON Auto Mart Sdn Bhd) and Volkswagen (via HICOM Auto Sdn Bhd).
Besides automotive concerns, DRB-HICOM's core business focuses are in the services (postal, banking, vehicle inspections) and property & infrastructure sectors. These are conducted via several companies such as Pos Malaysia, Bank Muamalat, and Puspakom. It is also the owner of two education institutions, namely DRB-HICOM University of Automotive Malaysia and Akademi Saga in Pekan, Pahang. The latter is a vocational training centre that produces trained mechanics.
The Group also has a significant presence in the defence industry. Through DRB-HICOM Defence Technologies, it designs, develops, manufactures and supplies armoured and logistics vehicles for military and homeland security use. It supplies mainly to the Government of Malaysia.
HICOM was incorporated on 11 March 1910 under The Companies Enactment 1897 as The New Serendah Rubber Company Limited. The name of the company was changed to The New Serendah Rubber Company Berhad on 15 April 1966. Subsequently, on 16 December 1993, it changed its name to HICOM Holdings Berhad pursuant to a restructuring exercise. It was incorporated in 1980 as the Heavy Industries Corporation of Malaysia Berhad (HICOM).
Diversified Resources Berhad (DRB) was incorporated in 1990 as Peerless Assets Sdn Bhd. It was changed to DRB in September 1991, and listed itself on Malaysia's main bourse in September the following year.
In 1996, both companies merged to form the biggest conglomerate in Malaysia. DRB-HICOM was listed on the Main Board of the KLSE on 4 September 1992 and assumed its present name on 11 May 2000.
Within the manufacturing capabilities of DRB-HICOM is CTRM, a specialist composites products manufacturer, and counts Airbus, Boeing and Learjet as their aviation customers. The plant in Melaka houses 12 autoclaves, the largest number of autoclaves in a facility in ASEAN.
On 8 March 2018, the Group announced a major shift in the direction of their property sector. In a cash plus land swap deal with companies owned by their majority shareholder, DRB-HICOM announced the sale of several plots of land and all its hospitality assets. [8] This shift will see DRB-HICOM exiting the hospitality industry with the sale of Glenmarie Golf & Country Club, Holiday Inn Glenmarie KL and Vivanta by Taj at Rebak Island Marina. This transaction was completed on 31 December 2020. [9]
Five months later, on 1 August 2018, DRB-HICOM announced the sale of their waste management company Alam Flora Sdn Bhd (AFSB) to Malakoff Corporation Berhad. Included in the deal valued at RM1.0b was DRB-HICOM Environmental Services Sdn Bhd (DHES), a unit of AFSB. After several extensions of time, the deal was finally completed on 5 December 2019. [10]
Proton Holdings Berhad, commonly known as Proton, is a Malaysian multinational automotive company. Proton was established on May 7, 1983, as Malaysia's sole national badged car company until the advent of Perodua in 1993. The company is headquartered in Shah Alam, Selangor, and operates additional facilities in Proton City, Perak.
Edaran Otomobil Nasional Berhad is one of Malaysia's largest conglomerates which was established in 1984 to distribute Proton cars - Malaysia's first national car. The principal shareholders of the company are DRB-HICOM, Khazanah Nasional Berhad.
The Naza Group of Companies is a Malaysian business conglomerate involved in many types of business, ranging from motoring to education. The group began operations in 1975 as a motor trading company. The motoring sector remains the most important sector for the group.
Oriental Holdings Berhad is a Malaysian conglomerate, mainly involved in car dealerships as well as real estate development, manufacturing and healthcare.
The Malaysian Trades Union Congress, is a national trade union centre in Malaysia. It was formed in 1949 and was originally known as the Malayan Trades Union Council. It then changed its name to the Malayan Trades Union Congress in 1958, and then to its current name with the formation of Malaysia.
Malakoff Corporation Berhad ("Malakoff") is an independent water and power producer (“IWPP”) with core focus on power generation, water desalination, operation & maintenance and waste management and environmental services. In Malaysia, Malakoff is the largest independent power producer (“IPP”) with a net generating capacity of 5,822 MW from its six power plants.
UMW Toyota Motor Sdn. Bhd. (UMWT) is the appointed Toyota distributor, assembler and exporter of Toyota vehicles in Malaysia. The company was founded in October 1982 as Sejati Motor, prior to being renamed UMW Toyota Motor in October 1987.
World Cargo Airlines is a rebranding of the formerly known Pos Asia Cargo Express Sdn Bhd or more popularly known in its abbreviation as “POS ACE". It is an airline company in Malaysia holding an approved AOC for the operation of cargo aircraft under the purview of the Civil Aviation Authority of Malaysia (CAAM). Currently, they operate 1 Boeing 737-400F to the East Malaysia cities of Kuching, Miri, Kota Kinabalu, Tawau and Sibu as well as cities in Peninsular Malaysia such as Johor Bahru, Pulau Pinang and Kota Bharu. Its second aircraft, the first Boeing 737-800F in South East Asia, begun operations on 23 March 2021. Its third aircraft, a Boeing 737-300 (9M-WCM) begun operations in November 2021.
Armin Baniaz Pahamin is a Malaysian entrepreneur who rose to prominence when he was elected the Deputy President of the Proton (car) Edar Dealers Association Malaysia (PEDA) when the Proton car dealers were troubled with foreign companies take-over attempt and the conflict between two largest Proton car distributors in Malaysia, EON Berhad and Proton Edar Sdn Bhd. He was elected the 3rd President of the Proton dealers in 2010.
DRB-HICOM Football Club is a football club established to compete in Malaysia football league. The team played in the Malaysia Premier League since 2010 until 2016 before they withdrew from the league. It was simultaneously decided that the club's 2nd team to remain competing in an amateur league. Therefore, DRB-HICOM FC remained competing in the Kuala Lumpur Football Association (KLFA) League, where they have played since 2014. This team is composed of employees of DRB-HICOM Group of Companies and experienced local players.
Tan Sri Yahaya bin Ahmad was a Malaysian businessman. He was the founder, chairman and chief executive officer of the DRB-HICOM Group. He was famously known as Malaysia's "Car Czar".
Isuzu HICOM Malaysia Sdn. Bhd. (IHM) is a Malaysian commercial vehicle manufacturer operating under a joint venture between the DRB-HICOM and Isuzu companies, based in Peramu Jaya Industrial Area in Pekan, Malaysia.
HICOM Automotive Manufacturers (Malaysia) Sdn. Bhd. (HA) is part of the DRB-HICOM Bhd. company for production and assembly of automobiles. The company's headquarters is located in Pekan, Malaysia. Previously, the company was also known as Automotive Manufacturers (Malaysia) Sdn. Bhd.
Isuzu Malaysia Sdn Bhd (IMSB) was established on 6 September 2004 as a commercial vehicle manufacturer. The company headquarters located in Petaling Jaya, Malaysia. The plant development is a joint venture between DRB-HICOM, Isuzu Operations (Thailand) Co. Ltd. and Isuzu Motors Asia Ltd. The management of the plant of about 700 workers is under the authority of the CEO Kenji Matsuoka. Isuzu Malaysia produces the Isuzu N-Series and the popular Isuzu D-Max. Over 5,000 vehicles are produced here annually.
DRB-HICOM Defence Technologies Sdn Bhd, officially known as DEFTECH, is a Malaysian defence contractor involved in the development, manufacture, supply, deliver and commissioning of armoured, non-armoured, and logistic vehicles for the military and homeland security. DEFTECH is also a supplier of specialised vehicles and commercial buses.
Tan Chong Motor Holdings Berhad (MYX: 4405), also known as the TCMH Group or simply Tan Chong Motor (TCM) is a Malaysia-based multinational corporation that is active in automobile assembly, manufacturing, distribution and sales, but is best known as the franchise holder of Nissan vehicles in Malaysia. The company was founded in 1957 by two Malaysian entrepreneurs, Tan Yuet Foh and Tan Kim Hor, with ambitions of importing and selling Datsun cars from Japan. Tan Chong Motor Holdings Berhad was incorporated on 14 October 1972, and in 1974, the company was listed on the Kuala Lumpur Stock Exchange.
The automotive industry in Malaysia consists of 27 vehicle producers and over 640 component manufacturers. The Malaysian automotive industry is the third largest in Southeast Asia, and the 23rd largest in the world, with an annual production output of over 500,000 vehicles. The automotive industry contributes 4% or RM 40 billion to Malaysia's GDP, and employs a workforce of over 700,000 throughout a nationwide ecosystem.
Composites Technology Research Malaysia Sdn Bhd (CTRM) is a Malaysian high technology based industrial company that involved in the aerospace and composites industries. The company's main products includes UAV, composites aerostructure, satcom antenna and radome. The company consists of CTRM Aero Composites, CTRM Composites Engineering, Composites Testing Laboratory, CTRM Aviation, CTRM Systems Integration and Unmanned Systems Technology.