UMW KICKS-OFF CENTENARY CELEBRATIONS WITH A CARNIVAL FOR ITS STAFF
SHAH ALAM, 5 October 2017 - UMW Holdings Berhad, one of the nation's leading conglomerates, is proudly celebrating its centenary this year. The momentous milestone celebrations commenced with a one-day carnival for its employees at Dataran UMW in Shah Alam today.
The employee carnival featured various games, free health screening, a blood donation drive as well as celebrity appearances. Following this, the Group will be organising a range of activities to honour and commemorate other stakeholders for their strong support over the years.
The UMW Group started operations as United Motor Works, an automotive repair shop in Orchard Road, Singapore in 1917.Subsequently, long-standing strategic alliances with leading global enterprises have underpinned UMW Group's position as a pioneer and leader in its core businesses. Today, the UMW Group is a major industrial conglomerate with diverse and global interests in the automotive, equipment and manufacturing & engineering sectors. It currently operates in eleven countries and has over 10,000 employees.
The Group is ushering in its 100th year poised for an exciting phase of sustainable growth. UMW'slandmark venture into the aerospace industry is progressing well with the first delivery of fan case for Rolls-Royce's Trent 1000 aero engine expected this month. In addition, construction of a new state-of-the-art automotive plant by UMW Toyota Motor in Bukit Raja, Klang is underway and scheduled for operations in early 2019. The Group also recently announced a new joint venture with Komatsu (Japan) to strengthen and grow the market penetration of Komatsu products in Malaysia, Singapore, Myanmar and Papua New Guinea. All three developments are fresh catalytic opportunities that will provide a strong platform for future expansion and value creation.
"The long sweep of UMW's 100-year history has always been defined by forward motion - achieved through the resilience of our employees, the staunch support of our stakeholders and a constant, ceaseless broadening of our horizons. This is the legacy that we honour and live up to as we relentlessly explore new growth opportunities. We are immensely proud that UMW has turned the page on its first century of operations; and we will continue to work closely with our stakeholders to propel the Group to even greater heights over the next 100 years to come. We also would like to thank our shareholders, Government, business partners and customers for all the cooperation and trust given to UMW," said Badrul Feisal bin Abdul Rahim, President & Group CEO of UMW Holdings Berhad.
UMW HOLDINGS RECORDS HIGHER REVENUE IN 2Q17 AND SUCCESSFUL DEMERGER EXERCISE IS EXPECTED TO PUT THE COMPANY BACK ON THE PROFITABLE PATH MOVING FORWARD
Group revenue was 2.8% higher than the corresponding period of 2016.
Automotive and Equipment segments continue to be profitable
Manufacturing & Engineering performed reasonably well but was affected by pre-operating expenses incurred by the aerospace business.
Core Business segments
Automotive
Equipment
M & E
Total
PBT (RM'mil)
99.0
32.2
(9.6)
121.6
Group's results were dragged down by losses in both the listed and unlisted Oil & Gas segments, and one-off loss on the demerger of UMW Oil & Gas Corporation Berhad (UMW-OG) arising from the difference between the fair value/market value of UMW-OG and share of net assets of UMW-OG.
Oil & Gas exit will nonetheless improve financial position and underpin the refocus on core businesses.
SHAH ALAM, 28 August 2017 - UMW Holdings Berhad's Automotive and Equipment segments remained profitable in the second quarter of 2017 despite challenging operating conditions due to intense competition, lower margins and weaker consumer demand. The Manufacturing & Engineering segment continued to perform reasonably well but was affected by pre-operating expenses incurred by the aerospace business. Meanwhile, the Group's listed Oil & Gas segment recorded losses for the quarter but moving forward this will no longer impact the Group following the successful completion of the demerger. A oneoff loss arising from the demerger exercise was also included in the second quarter's results.
President and Group Chief Executive Officer of UMW Holdings Berhad, Badrul Feisal bin Abdul Rahim, said: As per our strategy, we have successfully completed the demerger within the said timeframe and the exit will provide the platform for the Group to emerge as a stronger, more competitive industrial conglomerate with increased capacity for expansion. Despite the challenging operating environment, the Group continue to perform reasonably well in our core business segments. However, the losses from the Oil & Gas segment continue to impact the Group's performance. Nonetheless, the demerger has resulted in reduced exposure to debt and a strengthened balance sheet, thus improving our financial position to enable new and accretive investments which will spur the growth of our core business segments moving forward.
Overall, the Group registered revenue of RM2,925.6 million for the second quarter of 2017, an increase of RM78.8 million or 2.8% higher than the corresponding quarter of 2016. The improved revenue was primarily contributed by the Automotive segment. However, the Group posted a loss before taxation of RM189.5 million for the quarter as opposed to a profit before taxation of RM44.8 million in the same quarter of 2016. This was mainly attributable to the losses in both the listed and unlisted Oil & Gas segments. Also included in the results was a one-time loss on demerger of UMW Oil & Gas Corporation Berhad (UMW-OG) of RM126.9 million arising from the difference between the fair value/market value of UMW-OG dated 13 June 2017 and share of net assets of UMW-OG.
The Automotive segment registered improved revenue of RM2,260.3 million for the second quarter of 2017, an increase of RM83.2 million or 3.8% compared to the corresponding quarter in 2016. Higher revenue was attributable to the surge in demand for Toyota Innova and Toyota Fortuner. However, profit before taxation (PBT) was lower at RM99.0 million primarily due to the strengthening of the US Dollar, which increases the cost of imports, hence shrinking margins. The market share for Toyota including Lexus for 1H17 strengthened to 12.0% compared to 10.1% in 1H16 and sales could be further supported by the launch of new models later this year.
Revenue of the Equipment segment in the second quarter of 2017 stabilised at RM351.4 million. However, PBT for the quarter was at RM32.2 million, a drop of RM11.2 million compared with the same quarter of 2016 of RM43.3 million. The earnings declined amid shrinking margins and a highly competitive operating environment. While there is a slowdown in the heavy equipment segment, the industrial equipment segment continues to perform well, particularly the leasing business. Consequently, Toyota forklift commands more than 50% market share in Malaysia and Singapore.
The Manufacturing & Engineering segment recorded a revenue of RM153.9 million in the second quarter of 2017, marginally lower than the RM157.0 million reported in the same quarter of 2016. The lubricant business was affected by intense competition and registered lower revenue. The broader segment registered a loss before taxation of RM9.6 million, as opposed to a PBT of RM10.9 million in the same quarter of 2016. The profitability was negatively affected by the pre-operating expenses incurred by the aerospace business. Moving forward, the shock absorber business (KYB) remains sustainable in view of its high market share in the OEM and strong position in the REM segments especially exports as KYB-UMW exports products to 38 countries.
The Unlisted Oil & Gas segment registered lower revenue of RM31.7 million in the second quarter compared to RM42.3 million in the corresponding quarter of 2016, mainly due to the continued low industry demand. The loss before taxation also widened to RM70.6 million in the second quarter, attributable to lower revenue and expenses incurred on cessation of drilling operations in Oman.
Badrul Feisal added: The Group's overall performance remains challenging for the rest of the year. We are committed to exit the unlisted oil & gas segment and hopefully we should be able to achieve considerable milestones by the end of this year. Till then, the Group's overall performance will continue to be impacted by headwinds from the oil & gas sector until full completion of the exit plan. On a more positive note, UMW Toyota Motor is also on track to achieve its full-year sales target of 70,000 units for 2017. Sustained traction of the leasing business will continue to boost the industrial equipment segment and underpin the performance of the broader Equipment division. In addition, the fan case project is progressing as per schedule and delivery is expected to commence in the last quarter of this year. Meanwhile, we will continue to improve operational methods to achieve efficiency equilibrium and extract better Group synergies.
UMW HOLDINGS CATAT HASIL LEBIH BAIK PADA SUKU KEDUA 2017 DAN PENYAHGABUNGAN YANG SELESAI DIJANGKA AKAN MENUNJUKKAN KEUNTUNGAN PADA MASA HADAPAN
Hasil Kumpulan adalah 2.8% lebih tinggi dari suku yang sama tahun 2016.
Segmen Automotif dan Jentera kekal menguntungkan. Prestasi segmen Pembuatan & Kejuruteraan adalah memuaskan tetapi telah dijejaskan oleh perbelanjaan pra-operasi perniagaan aeroangkasa.
Segmen perniagaan teras
Automotif
Jentera
Pembuatan & Kejuruteraan
Jumlah
Keuntungan sebelum cukai (RM juta)
99
32.2
-9.6
121.6
Keputusan keseluruhan Kumpulan terjejas oleh kerugian dalam kedua-dua segmen minyak & gas tersenarai dan tidak tersenarai serta kerugian dari penyahgabungan anak syarikat minyak & gas.
Pelupusan perniagaan Minyak & Gas akan memperkukuhkan kedudukan kewangan dan penumpuan semula kepada perniagaan teras.
SHAH ALAM, 28 Ogos 2017 - Segmen Automotif dan Jentera UMW Holdings Berhad kekal menguntungkan pada suku kedua 2017 walaupun dalam keadaan operasi yang amat sukar dan mencabar akibat dari persaingan sengit, nilai ringgit yang tidak menentu dan permintaan yang perlahan. Prestasi segmen Pembuatan & Kejuruteraan adalah memuaskan tetapi telah dijejaskan oleh perbelanjaan pra-operasi perniagaan aeroangkasa. Segmen minyak & gas tersenarai masih mencatat kerugian pada suku ini tetapi tidak akan mempengaruhi prestasi Kumpulan pada masa hadapan dengan selesainya penyahgabungan dari UMW Oil & Gas Corporation Berhad. Kerugian dari penyahgabungan ini telah diambil kira dalam keputusan suku kedua.
Presiden dan Ketua Pengarah Eksekutif Kumpulan UMW Holdings Berhad, Badrul Feisal bin Abdul Rahim berkata, Selaras dengan strategi kami, penyahgabungan telah berjaya dilaksanakan dalam jangka masa ditetapkan dan ini akan menjadi platform buat Kumpulan untuk muncul sebagai konglomerat perindustrian yang lebih berdaya saing dengan peningkatan kapasiti untuk terus berkembang.
Secara keseluruhan, Kumpulan mencatat hasil sebanyak RM2,925.6 juta pada suku kedua 2017, peningkatan sebanyak RM78.8 juta atau 2.8% lebih tinggi berbanding suku yang sama tahun 2016. Peningkatan hasil banyak disumbang oleh segmen Automotif. Walau bagaimanapun, Kumpulan mencatatkan kerugian sebelum cukai sebanyak RM189.5 juta pada suku ini berbanding dengan keuntungan sebelum cukai sebanyak RM44.8 juta pada suku yang sama tahun 2016. Ini adalah disebabkan oleh kerugian dalam kedua-dua segmen Minyak & Gas yang tersenarai dan tidak tersenarai. Turut termasuk dalam keputusan suku ini adalah kerugian dari penyahgabungan dari UMW Oil & Gas Corporation Berhad sebanyak RM126.9 juta.
Segmen Automotif mencatat hasil yang lebih baik sebanyak RM2,260.3 juta pada suku kedua 2017, kenaikan sebanyak RM83.2 juta atau 3.8% berbanding suku yang sama tahun 2016. Hasil yang lebih tinggi ini dirangsang oleh kenaikan permintaan untuk Toyota Innova dan Toyota Fortuner. Walau bagaimanapun, keuntungan sebelum cukai adalah lebih rendah dengan jumlah sebanyak RM99.0 juta, akibat dari peningkatan mata wang dollar, kenaikan kos import yang mengecilkan margin. Bahagian pasaran untuk Toyota termasuk Lexus untuk setengah tahun pertama 2017 adalah 12.0% berbanding 10.1% pada setengah tahun pertama 2016 dan dijangka meningkat dengan model-model yang akan dilancarkan pada tahun ini.
Hasil segmen Jentera pada suku kedua 2017 stabil dengan jumlah RM351.4 juta. Bagaimanapun, keuntungan sebelum cukai pada suku ini adalah RM32.2 juta, penurunan sebanyak RM11.2 juta berbanding dengan suku yang sama pada 2016 berjumlah RM43.3 juta. Hasil menurun dengan penyusutan margin dan persaingan yang hebat. Walaupun terdapat kelembapan dalam segmen jentera berat, segmen jentera industri terus menunjukkan prestasi yang baik terutamanya dengan skim pajakan. Toyota forklift menguasai lebih daripada 50% bahagian pasaran di Malaysia dan Singapura.
Segmen Pembuatan & Kejuruteraan mencatat hasil sedikit menurun sebanyak RM153.9 juta pada suku kedua 2017, berbanding RM157.0 juta pada suku yang sama tahun 2016. Perniagaan minyak pelincir yang terjejas oleh persaingan sengit telah mencatat hasil yang lebih rendah. Segmen in mencatat kerugian sebelum cukai sebanyak RM9.6 juta, berbanding dengan keuntungan sebelum cukai sebanyak RM10.9 juta pada suku yang sama tahun 2016. Keuntungan segmen ini dijejaskan oleh perbelanjaan pra-operasi yang ditanggung oleh perniagaan aeroangkasa. Perniagaan penyerap kejutan (KYB) kekal mapan memandangkan KYB mempunyai bahagian pasaran yang besar dalam OEM dan kedudukan kukuh dalam segmen REM terutamanya pasaran eksport. KYB mengeksport ke 38 buah negara luar.
Segmen Minyak & Gas yang tidak tersenarai mencatatkan hasil yang lebih rendah sebanyak RM31.7 juta pada suku ini berbanding hasil sebanyak RM42.3 juta pada suku yang sama tahun lepas ekoran dari permintaan yang berkurangan. Kerugian sebelum cukai mencecah RM70.6 juta pada suku ini disebabkan oleh hasil dan perbelanjaan yang lebih rendah yang ditanggung akibat pemberhentian operasi penggerudian di Oman.
Badrul Feisal menjelaskan, Prestasi keseluruhan Kumpulan akan terus mencabar pada tahun ini tetapi kami tetap komited untuk keluar dari segmen Minyak & Gas tidak tersenarai. Oleh itu, prestasi keseluruhan Kumpulan akan terus dipengaruhi oleh kelembapan sektor minyak & gas sehingga semua aset minyak dan gas berjaya dilupuskan. UMW Toyota Motor dijangka akan mencapai sasaran jualan sebanyak 70,000 unit bagi tahun 2017 manakala perniagaan pajakan jentera industri yang semakin berkembang akan terus meningkatkan prestasi segmen Jentera. Projek Rolls-Royce sedang berjalan mengikut jadual dan pengeluaran pertama dijangka pada suku terakhir tahun ini. Sementara itu, kami akan terus mempertingkatkan kaedah operasi untuk mencapai keseimbangan kecekapan demi mencapai sinergi Kumpulan yang lebih baik.
OVER 250 FAMILIES IN MELAKA BENEFITTED FROM KEMBARA RAMADHAN UMW 2017
SHAH ALAM, 19 June 2017 - 29 UMW Community Champions (volunteers) in a 10-vehicle convoy travelled to Kuala Linggi, Melaka to distribute Ramadhan Packs' and household items last weekend. The convoys mission was to provide assistance to underprivileged families during the fasting month.
The convoy's first stop was Pusat Pendidikan Dalam Komuniti (PDK) Seri Malindo, Masjid Tanah, Melaka. PDK is a learning centre for the disabled community in the area. The centre trains the disabled to be independent as well as teach them skills like sewing and cooking, which could help them generate income. The volunteers distributed baju raya to the trainees and household items to the centre.
After PDK, the convoy visited three underprivileged families where the volunteers carried out gotong royong' to clean up the houses and surrounding areas.
The volunteers set up a base at Surau Nur Iman, Kampung Nelayan where they prepared bubur lambuk and 187 Ramadhan Packs' to be distributed to underprivileged families from Kampung Kuala Linggi and Kampung Bukit Darat.
A buka puasa event was also organised for the villagers at the surau and the volunteers together with Surau Nur Iman committee members prepared the feast for buka puasa. It is the company's hope that the small contributions will lighten some of the burden of the villagers in preparing for Hari Raya and the presence of the volunteer have brought some cheer to them.
This is the second year UMW Community Champions have embarked on Kembara Ramadhan, going outside Klang Valley to help the underprivileged communities. The benefit goes both ways for the recipients and also as an eye opener to the volunteers.
This programme is part of UMW's continuous support towards the underprivileged communities in the country under its community development pillar. UMW continues to champion many worthy causes under its three CSR pillars, with the other two being education and environment.
LEBIH 250 KELUARGA DAPAT MANFAAT MELALUI KEMBARA RAMADHAN UMW 2017
SHAH ALAM, 21 Jun 2017 - 29 orang UMW Community Champions (sukarelawan) yang terdiri dari kakitangan UMW Corporation Sdn Bhd (UMW) baru-baru ini telah menyertai konvoi 10 buah kenderaan pacuan empat roda ke Kuala Linggi, Melaka untuk membahagikan Pek Ramadhan dan barang keperluan. Misi konvoi ini adalah untuk menghulurkan sedikit bantuan kepada keluarga kurang berkemampuan di bulan Ramadhan yang mulia ini.
Hentian pertama konvoi adalah Pusat Pendidikan Dalam Komuniti (PDK) Seri Malindo, Masjid Tanah, Melaka. PDK ialah pusat latihan untuk komuniti kurang upaya di kawasan itu. Ia melatih golongan kurang upaya berdikari dan juga mengajar kemahiran-kemahiran seperti menjahit dan memasak, yang diharap dapat membantu mereka menjana pendapatan. Sukarelawan UMW membahagi baju raya kepada pelatih PDK dan menyampaikan sumbangan barang keperluan untuk pusat itu.
Selepas melawat PDK, konvoi Kembara Ramadhan melawat 3 keluarga kurang bernasib baik di mana para sukarelawan bergotong royong membersihkan rumah mereka dan kawasan persekitaran.
Konvoi kemudian bergerak ke Surau Nur Iman, Kampung Nelayan di mana sukarelawan menyediakan bubur lambuk dan 187 Pek Ramadhan untuk diedarkan kepada penduduk Kampung Linggi dan Kampung Bukit Darat.
Majlis berbuka puasa turut diadakan untuk penduduk kampung di surau itu dan para sukarelawan dan ahli jawatankuasa Surau Nur Iman bergotong royong menyediakan juadah berbuka. Adalah menjadi harapan UMW supaya Pek Ramadhan yang disumbangkan dapat sedikit sebanyak meringankan beban penduduk kampung dan membawa sedikit keriangan menjelang Aidilfitri.
Ini adalah tahun kedua sukarelawan UMW menyertai Kembara Ramadhan di luar Lembah Klang untuk membantu komuniti kurang bernasib baik. Program ini bukan sahaja memberi manfaat kepada masyarakat, tetapi juga turut membuka mata para sukarelawan.
Automotive, Equipment and Manufacturing & Engineering segments continue to be profitable despite intense competition, subdued consumer demand and weak ringgit
Core Business segments
Automotive
Equipment
M&E
Total
PBT (RM'mil)
87.1
39.5
3.1
129.7
Group's lower profit before tax due to higher losses in Listed Oil & Gas segment
Oil & Gas exit will improve financial position and refocus on core businesses
SHAH ALAM, 23 May 2017 - UMW Holdings Berhad's core businesses Automotive, Equipment and Manufacturing & Engineering have remained profitable in the first quarter of 2017 despite exceptionally difficult and challenging operating conditions due to heightened competition, a weak ringgit and subdued consumer demand. Only the Group's listed and unlisted Oil & Gas segments, which are in the process of being divested, recorded losses for the quarter.
President and Group Chief Executive Officer of UMW Holdings Berhad, Badrul Feisal bin Abdul Rahim, said: The Group continued to demonstrate the mettle and resilience of its core businesses to record sustained revenue and profit growth despite challenging economic and operating circumstances.
The Group's overall financial performance proved resilient despite challenging conditions which affected all industry players. With the Group's strategic decision to exit the O&G sector, UMW Holdings' future prospects have been enhanced with its financial position and performance expected to improve moving forward.
Overall, the Group registered revenue of RM2,803.6 million for the first quarter of 2017, which was 27.5% higher than the corresponding quarter in 2016. Profit before tax (PBT) for the Group in the first quarter of 2017 was RM14.4 million, a decrease of 31.7% compared to PBT of RM21.1 million in the corresponding quarter, mainly due to the higher losses in its Listed Oil & Gas segment.
For the first quarter of 2017, the Group's core businesses Automotive, Equipment and Manufacturing & Engineering posted a combined PBT of RM129.7 million as compared to RM128.6 million in the corresponding quarter of 2016. For the quarter, the core businesses registered revenue of RM2.7 billion, an improvement of 28.6% compared to revenue of RM2.1 billion in the corresponding quarter last year.
The Automotive segment recorded revenue of RM2,190.9 million for the first quarter of 2017, an increase of 40.8% compared to the corresponding quarter in 2016. PBT for the quarter improved by 5.2% to RM87.1 million compared to RM82.7 million in the corresponding quarter last year. With spill-over orders from year-end promotions boosting consumer sentiment, improved sales translated to higher market share for Toyota from 8.0% in the first quarter of 2016 to 11.8% in the quarter under review.
As a result of the competitive local operating environment, the Equipment segment registered marginally lower revenue of RM342.4 million compared to RM358.0 million in the same quarter of 2016. PBT for the segment improved marginally to RM39.5 million from RM39.2 million in the corresponding quarter of 2016.
The Manufacturing & Engineering segment recorded revenue of RM165.9 million, an improvement of 14.1% over the same quarter in 2016. Due to the operating expenses incurred by the segment in setting up its new aerospace unit, PBT decreased to RM3.1 million for the quarter under review compared to RM6.6 million in the same quarter of 2016.
Badrul Feisal explained: The Group's overall performance remains robust, as demonstrated by the sustained profitability of its core businesses under challenging operating circumstances. Furthermore, the recent strategic decisions and plans the Group have made will be the springboard for our future growth.
At the Group's recent EGM, our shareholders gave us an overwhelming mandate to proceed with the demerger of UMW Oil & Gas Corporation Berhad. This strong vote of confidence will allow us to refocus on our core businesses, particularly in view of the attractive long-term growth prospects across these three segments.
Moving forward, not only will the Group's earnings and profitability stabilise, our improved financial position and flexibility will allow us to optimise resources and embark on investments in these core areas of businesses as the platform for future expansion and value creation.
PERUSAHAAN UTAMA UMW HOLDINGS JANA KEUNTUNGAN PADA SUKU PERTAMA WALAUPUN KEADAAN EKONOMI MENCABAR
Segmen Automotif, Jentera serta Pembuatan & Kejuruteraan terus menguntungkan walaupun mendapat persaingan hebat, permintaan pengguna yang lemah dan nilai ringgit yang merosot
Segmen perniagaan teras
Automotif
Jentera
Pembuatan & Kejuruteraan
Jumlah
Keuntungan sebelum cukai (RM juta)
87.1
39.5
3.1
129.7
Keuntungan sebelum cukai Kumpulan yang lebih rendah disebabkan oleh kerugian yang meningkat dalam segmen Minyak & Gas yang tersenarai
Pelupusan perniagaan Minyak & Gas akan memperkukuhkan kedudukan kewangan dan kembali fokus kepada perusahaan utama
SHAH ALAM, 23 Mei 2017 - Perusahaan utama UMW Holdings Berhad, iaitu Automotif, Jentera serta Pembuatan & Kejuruteraan, kekal menguntungkan pada suku pertama 2017 meskipun keadaan operasi yang amat sukar dan mencabar dalam perniagaan ini akibat daripada persaingan yang meningkat, nilai ringgit yang merosot dan permintaan pengguna yang lemah. Hanya segmen Minyak & Gas Kumpulan tersenarai dan tidak tersenarai, yang sedang dalam proses pelupusan, telah mencatat kerugian bagi suku pertama tahun ini.
Presiden dan Ketua Pegawai Eksekutif Kumpulan UMW Holdings Berhad, Badrul Feisal bin Abdul Rahim, berkata: Kumpulan terus mempamerkan daya tahan perusahaan utama dalam mencapai pendapatan berterusan dan pertumbuhan keuntungan walau dalam keadaan ekonomi dan operasi yang mencabar.
Prestasi kewangan Kumpulan secara keseluruhan masih utuh dalam keadaan mencabar yang turut menjejaskan semua penggiat industri. Berikutan keputusan strategik Kumpulan untuk keluar daripada sektor Minyak & Gas, prospek masa depan UMW Holdings telah meningkat dengan kedudukan dan prestasi kewangan Kumpulan yang dijangka bertambah baik pada masa akan datang.
Secara keseluruhan, Kumpulan mencatat hasil sebanyak RM2,803.6 juta bagi suku pertama tahun 2017, iaitu 27.5% lebih tinggi daripada suku yang sama pada tahun 2016. Keuntungan sebelum cukai Kumpulan pada suku pertama 2017 ialah RM14.4 juta, iaitu penurunan 31.7% berbanding dengan keuntungan sebelum cukai sebanyak RM21.1 juta pada suku yang sama pada tahun 2016, disebabkan terutamanya oleh kerugian lebih tinggi dalam segmen Minyak & Gas tersenarai.
Bagi suku pertama 2017, perniagaan teras Kumpulan - Automotif, Jentera serta Pembuatan & Kejuruteraan - mencatat keuntungan sebelum cukai tergabung sebanyak RM129.7 juta berbanding dengan RM128.6 juta bagi suku yang sama pada tahun 2016. Bagi suku pertama 2017, perniagaan teras mencatat hasil sebanyak RM2.7 bilion, iaitu peningkatan sebanyak 28.6% berbanding dengan hasil sebanyak RM2.1 bilion pada suku yang sama pada tahun sebelumnya.
Segmen Automotif mencatat hasil sebanyak RM2,190.9 juta bagi suku pertama tahun 2017, iaitu peningkatan sebanyak 40.8% berbanding dengan suku yang sama pada tahun 2016. Keuntungan sebelum cukai bagi suku pertama 2017 meningkat sebanyak 5.2% kepada RM87.1 juta berbanding dengan RM82.7 juta bagi suku yang sama pada tahun sebelumnya. Lebihan tempahan daripada promosi akhir tahun telah meningkatkan jualan dan pegangan pasaran Toyota daripada 8.0% pada suku pertama 2016 kepada 11.8% pada suku ini.
Berikutan daripada persaingan hebat dalam pasaran tempatan, segmen Jentera telah mencatat hasil yang lebih rendah sebanyak RM342.43 juta berbanding dengan RM357.97 juta pada suku yang sama pada tahun 2016. Keuntungan sebelum cukai bagi segmen ini meningkat sedikit kepada RM39.55 juta daripada RM39.25 juta pada suku yang sama tahun 2016.
Segmen Pembuatan & Kejuruteraan mencatat hasil sebanyak RM165.9 juta, iaitu peningkatan sebanyak 14.1% daripada suku yang sama pada 2016. Disebabkan oleh perbelanjaan operasi yang ditanggung oleh segmen ini dalam penubuhan unit aeroangkasa, keuntungan sebelum cukai telah menurun kepada RM3.1 juta bagi suku yang ditinjau berbanding dengan RM6.6 juta pada suku yang sama bagi tahun 2016.
Badrul Feisal menjelaskan, Prestasi Kumpulan secara keseluruhannya masih kukuh seperti yang ditunjukkan oleh keuntungan berterusan perusahaan utama dalam keadaan operasi yang mencabar. Keputusan strategik dan rancangan yang telah dibuat oleh Kumpulan baru-baru ini akan menjadi batu loncatan bagi pertumbuhan syarikat pada masa hadapan.
Para pemegang saham syarikat telah memberi mandat yang besar kepada kami untuk meneruskan penyahgabungan UMW Oil & Gas Corporation Berhad semasa mesyuarat agung luar biasa Kumpulan baru-baru. Kepercayaan ini akan membolehkan kami memberi tumpuan semula kepada perusahaan utama, khususnya mengambil kira prospek pertumbuhan jangka masa panjang yang menyeluruh bagi ketiga-tiga segmen.
Bukan sahaja hasil dan keuntungan Kumpulan akan menjadi lebih stabil pada masa hadapan, peningkatan kedudukan kewangan dan fleksibiliti akan membolehkan kami mengoptimumkan sumber dan memulakan pelaburan dalam perusahaan utama sebagai asas kukuh untuk pembangunan perniagaan pada masa akan datang.
UMW HOLDINGS BERHAD RECEIVES SHAREHOLDER APPROVAL FOR DEMERGER FROM UMW OIL & GAS CORPORATION BERHAD
SHAH ALAM, 4 May 2017 - UMW Holdings Berhad (UMWH) has received shareholder approval to demerge from UMW Oil & Gas Corporation Berhad (UMWOG). Shareholders voted and approved the resolution for the demerger exercise at UMWH's Extraordinary General Meeting (EGM) this morning.
On 19 January 2017, UMWH announced its plans to exit the Oil & Gas sector through the distribution in specie of all its shares in UMWOG to all entitled shareholders of UMWH.
Following its exit from the Oil & Gas sector, UMWH's activities will be focussed on its core businesses of Automotive, Equipment and Manufacturing & Engineering which offer the best potential for growth and will deliver enhanced value for shareholders.
President and Group Chief Executive Officer of UMWH, Badrul Feisal bin Abdul Rahim, said: Our shareholders' approval for the exercise is a strong vote of confidence for the company's plans on the proposed corporate exercise. This will then allow us to refocus on our core businesses, particularly in view of the attractive long-term growth prospects across these three core businesses.
Moving forward, not only will the Group's earnings and profitability stabilise, our improved financial position and flexibility will allow us to optimise resources and embark on investments in these core areas of businesses as its platform for future expansion and value creation.
During the EGM, shareholders also approved the resolution to reduce the Group's issued and paid-up capital. The capital reduction will improve the Group's financial position and will have no impact on the company's earnings and earnings per share (EPS).
UMW CORPORATION DONATES RM100,000 TO TEMERLOH SCHOOLS
TEMERLOH, 20 April 2017 - As part of its corporate social responsibility (CSR) programme in conjunction with Malaysian Unit Trust Week (Minggu Saham Amanah Malaysia 2017), UMW Corporation Sdn. Bhd. (UMW) is donating a total of RM100,000 to ten selected schools in the Temerloh district.
The Prime Minister's wife, Datin Paduka Seri Rosmah Mansor, accompanied by UMW's board member, Tan Sri Hasmah binti Abdullah, handed over five cheques of RM10,000 each to the Principals of Sekolah Menengah Kebangsaan Paya Pulai, Sekolah Menengah Kebangsaan Seberang Temerloh, Sekolah Menengah Kebangsaan Mentakab, Sekolah Kebangsaan Bolok and Sekolah Kebangsaan Belenggu.
The short ceremony was held at Permodalan Nasional Berhad's main booth in MSAM exhibition hall.
The other five remaining schools - Sekolah Menengah Kebangsaan Temerloh, Sekolah Menengah Kebangsaan Lanchang, Sekolah Menengah Kebangsaan Kuala Krau, Sekolah Kebangsaan Charuk Puting and Sekolah Kebangsaan Paya Luas will be receiving their respective cheques during the closing ceremony on 25 April 2017.
This RM100,000 donation is UMW's contribution in supporting the development of schools in rural areas in the country under its education pillar where UMW continues to champion many worthy causes under its three CSR pillars, the other two being community development and environment.
UMW CORPORATION SUMBANG RM100,000 KEPADA SEKOLAH-SEKOLAH TEMERLOH
TEMERLOH, 20 April 2017 - Sebagai sebahagian daripada program tanggungjawab sosial korporat (CSR) sempena Minggu Saham Amanah Malaysia 2017 (MSAM), UMW Corporation Sdn. Bhd. (UMW) menyumbang sebanyak RM100,000 kepada sepuluh buah sekolah di bawah Pejabat Pendidikan Daerah Temerloh.
Isteri Perdana Menteri, Datin Paduka Seri Rosmah Mansor, diiringi oleh ahli lembaga pengarah UMW, Tan Sri Hasmah binti Abdullah, telah menyerahkan cek bernilai RM10,000 setiap satu kepada para Pengetua dan Guru Besar Sekolah Menengah Kebangsaan Paya Pulai, Sekolah Menengah Kebangsaan Seberang Temerloh, Sekolah Menengah Kebangsaan Mentakab, Sekolah Kebangsaan Bolok dan Sekolah Kebangsaan Belenggu.
Majlis ringkas itu telah diadakan di ruang pameran utama Permodalan Nasional Berhad di dalam dewan pameran MSAM.
Lima buah sekolah lagi iaitu Sekolah Menengah Kebangsaan Temerloh, Sekolah Menengah Kebangsaan Lanchang, Sekolah Menengah Kebangsaan Kuala Krau, Sekolah Kebangsaan Charuk Puting dan Sekolah Kebangsaan Paya Luas akan menerima cek sumbangan masing-masing di majlis penutup pada 25 April 2017.
Sumbangan RM100,000 ini adalah sebahagian daripada usaha UMW dalam menyokong pembangunan sekolah-sekolah luar Bandar di bawah tunggak pendidikan di mana UMW terus melaksanakan pelbagai usaha murni di bawah tiga tunggak, dua lagi adalah tunggak pembangunan komuniti dan tunggak alam sekitar.
KEMBARA MSAM-UMW SETS OFF TO VISIT VILLAGES AROUND TEMERLOH
TEMERLOH, 19 April 2017 - Following the success of its inaugural Kembara MSAM-UMW last year, UMW Corporation Sdn. Bhd. has once again organised Kembara MSAM-UMW 2017 in conjunction with Malaysian Unit Trust Week (Minggu Saham Amanah Malaysia 2017).
This year, the 10-vehicle convoy ferrying 30 UMW Community Champions (volunteers) will be travelling to destinations which include several orang asli villages and an orphanage. The convoy will be covering almost 300 kilometres, to reach out to far-flung places in Temerloh, Bera and Kuala Krau. UMW Community Champions, which comprise SL1M trainees and UMW employees based in Shah Alam, will be distributing essential items like rice, cooking oil, flour and sugar to the villagers.
A gotong-royong will also be held at Kampung Paya Luas on the third day where the volunteers will help 12 poor families including single mothers to clean up their houses and its surroundings.
Kembara MSAM-UMW will be reaching out to Rumah Baitul Makhazin, Kampung Orang Asli Lubuk Perah, Kampung Orang Asli Penchorong, Kampung Orang Asli Sungai Beruang, Kampung Orang Asli Ulu Sungai Bera, Pondok Bukit Keledang and Kampung Paya Luas. 116 families and 152 students will benefit from this corporate social responsibility (CSR) programme.
The ten four-wheel-drive convoy was flagged off by Dato' Idris Kechot, Deputy President & Group Chief Operating Officer, Asset Management, Permodalan Nasional Berhad and Badrul Feisal bin Abdul Rahim, President and Group Chief Executive Officer of UMW Holdings Berhad.
This programme is part of UMW's continuous support towards the underprivileged communities in the country under its community development pillar. UMW continues to champion many worthy causes under its three CSR pillars, with the other two being education and environment.
MISI KEMBARA MSAM-UMW MEMBANTU PENDUDUK KAMPUNG SEKITAR TEMERLOH
TEMERLOH, 19 April 2017 - Berikutan kejayaan Kembara MSAM-UMW yang pertama tahun lepas, UMW Corporation Sdn. Bhd. sekali lagi menganjurkan Kembara MSAM-UMW 2017 sempena Minggu Saham Amanah Malaysia 2017 (MSAM).
Tahun ini, sepuluh buah konvoi kenderaan pacuan empat roda yang membawa 30 orang sukarelawan UMW (UMW Community Champions) akan mengembara ke tujuh destinasi termasuk perkampungan orang asli dan rumah anak yatim. Konvoi ini akan mengembara sejauh hampir 300 kilometer di serata ceruk Temerloh dan Bera. Sukarelawan UMW (UMW Community Champions) yang terdiri dari pelatih-pelatih SL1M dan kakitangan UMW dari Shah Alam akan mengagihkan barang keperluan harian seperti beras, minyak masak, gandum dan gula kepada penduduk kampung.
Satu gotong-royong akan diadakan di Kampung Paya Luas pada hari ketiga kembara di mana para sukarelawan akan membantu 12 keluarga miskin termasuk ibu-ibu tunggal membersihkan rumah dan kawasan persekitaran tempat tinggal mereka.
Kembara MSAM-UMW akan mengunjungi Rumah Baitul Makhazin, Kampung Orang Asli Lubuk Perah, Kampung Orang Asli Penchorong, Kampung Orang Asli Sungai Beruang, Kampung Orang Asli Ulu Sungai Bera, Pondok Bukit Keledang dan Kampung Paya Luas, di mana 116 keluarga dan 152 pelajar akan mendapat manfaat dari program tanggungjawab sosial korporat (CSR) ini.
Konvoi kenderaan pacuan empat roda ini telah dilepaskan oleh Dato' Idris Kechot, Timbalan Presiden dan Ketua Pengarah Operasi Kumpulan, Pengurusan Aset, Permodalan Nasional Berhad dan Encik Badrul Feisal Abdul Rahim, Presiden dan Ketua Pegawai Eksekutif Kumpulan UMW Holdings Berhad.
Program ini adalah sebahagian dari sokongan berterusan UMW terhadap komuniti yang kurang bernasib baik di negara ini di bawah tunggak pembangunan komuniti di mana UMW terus melaksanakan pelbagai usaha murni di bawah tiga tunggak, dua lagi adalah tunggak pendidikan dan tunggak alam sekitar.
UMW GRANTT INTERNATIONAL SIGNS SPONSORSHIP AGREEMENTS WITH UNIVERSITI UTARA MALAYSIA
SINTOK, 6 April 2017 - As part of UMW's efforts to nurture talent and contribute towards building a dynamic Malaysian workforce, UMW Grantt International Sdn. Bhd. (UMW Grantt) signed two Memorandum of Agreements (MoAs) today with Universiti Utara Malaysia (UUM), through its School of International Studies (SoIS).
Both the MoAs were signed by UUM Vice Chancellor, Prof. Dato' Seri Dr. Mohamed Mustafa Ishak and President of UMW's Manufacturing & Engineering Division, Megat Shahrul Azmir.
UMW Grantt, the producer of a full-range of lubricants with international standards, will be sponsoring one of UUM's students' residence hall, better known as Inapan Siswa (INASIS) for a duration of 10 years. This INASIS will be rebranded as INASIS GRANTT starting today.
The second MoA signed between UMW Grantt and UUM is a 3-year sponsorship through SoIS for research opportunities and funding of students' activities. SoIS students and residents of INASIS GRANTT will have the opportunity to garner industry experience through future activities in collaboration with UMW Grantt.
UMW Grantt also handed over the certificate of appointment as the official distributor of Grantt lubricants in UUM to Uniutama Property Sdn. Bhd.
UUM, through SoIS, had previously worked with UMW in the industry lecture programme in April 2016 and the collaboration has now been further strengthened by the signing of the MoAs.
This collaboration is a very meaningful effort not just for our business, but also for UUM's management to instil entrepreneurial spirit in students and advance the innovation agenda for the benefit of all, said Megat Shahrul Azmir before signing the MoAs.
UMW GRANTT PERKUKUH JENAMA DENGAN MEMETERAI MoA DENGAN UUM
Sintok, 6 April - Dalam usaha memperkenalkan jenama GRANTT kepada warga Universiti Utara Malaysia (UUM), UMW Grantt International Sdn. Bhd. (UMW Grantt) dan UUM menerusi Pusat Pengajian Antarabangsa (SoIS) telah mencapai kesepakatan dengan memeterai dua Memorandum Perjanjian (MoA), hari ini.
MoA itu ditandatangani oleh Naib Canselor UUM, Prof Dato' Seri Dr Mohamed Mustafa Ishak dan Presiden, Bahagian Kejuruteraan & Pembuatan UMW, Encik Megat Shahrul Azmir.
UMW Grantt yang merupakan pembuat dan pengeluar produk minyak pelincir kenderaan berpiawaian antarabangsa itu akan menaja salah satu Inapan Siswa (INASIS) selama 10 tahun. INASIS ini akan dijenamakan sebagai INASIS GRANTT mulai hari ini.
MoA kedua yang ditandatangani menyaksikan UMW Grantt memberi tajaan selama 3 tahun dalam bentuk peluang penyelidikan dan penajaan aktiviti pelajar kepada UUM melalui SoIS. Pelajar SoIS dan pelajar yang menginap di INASIS GRANTT juga akan berpeluang untuk menimba pengalaman industri melalui aktiviti-aktiviti yang bakal dijalankan bersama UMW Grantt.
UMW Grantt turut menyampaikan surat lantikan Pengedar Sah kepada Uniutama Property Sdn Bhd (UPSB) yang memberikan hak penjualan minyak pelincir UMW Grantt.
UUM menerusi SoIS dan UMW pernah bekerjasama melalui program ceramah industri pada April 2016 dan usaha sama itu diteruskan lagi sehingga termeterainya MoA berkenaan.
Usaha sama ini sememangnya amat bermakna bukan sahaja untuk kepentingan perniagaan kami, malah juga untuk pihak pengurusan UUM bersama-sama membangunkan semangat keusahawanan dan mempertingkatkan agenda inovasi demi kepentingan bersama, ujar Megat Shahrul Azmir sebelum menandatangani kedua-dua MoA tersebut.
UMW LAND-MIDA MOU TO BOOST HIGH VALUE MANUFACTURING INVESTMENTS Premier UMW Park in Serendah Enhances Malaysia's Business Ecosystem
LANGKAWI, 21 March 2017 - UMW Land Sdn. Bhd. (UMW Land) has inked a Memorandum of Understanding (MOU) with the Malaysian Investment Development Authority (MIDA) to explore areas of co-operation and collaboration with regards to the industrial development of UMW's land-bank in Serendah.
UMW's initiative to create a High Value Manufacturing Park is focused mainly on strengthening the aerospace and other industries related to smart manufacturing. The park, located next to an automotive manufacturing facility, consists of 861 acres of land as well as commercial and residential developments at the northern part of the site. This mixed development project will feature UMW Aerospace's production facility of aero-engine fan cases for Rolls-Royce. The newly-completed facility is expected to be the premier and integral constituent of the park, and will act as a catalyst to draw in other high value investments.
The exchange of the MOU documents ceremony between UMW Land and MIDA at the Langkawi International Maritime & Aerospace Exhibition (LIMA) was witnessed by the Minister of International Trade and Industry, Dato' Sri Mustapa bin Mohamed, and UMW Holdings Berhad Chairman, Tan Sri Dato' Sri Hamad Kama Piah bin Che Othman. The MOU was signed at MIDA's HQ earlier this month by Dr. Wafi Nazrin bin Abdul Hamid, President, UMW Land, and Dato' Azman Mahmud, Chief Executive Officer of MIDA.
In commenting the MOU, Dato' Azman Mahmud said, The greatest advantage to manufacturers in Malaysia has been the nation's persistent drive to develop and upgrade its infrastructure. Investors today are able to choose from over 500 industrial estates and Free Zones to locate their investments. New sites, fully equipped with infrastructure facilities such as roads, electricity and water supplies, and telecommunications, are continuously being developed by state governments as well as private developers to meet demand. The UMW High Value Manufacturing Park in Serendah is a welcomed addition, especially since it caters to the needs of high value manufacturing industries. The park is one of the locations that can be considered by investors, particularly those who are looking to move up the value chain by incorporating high-tech innovations.
We are excited to sign the MOU and look forward to working closely with MIDA as they will be able to assist in facilitating interested potential investors by introducing and recommending the development project in Serendah, said Dr. Wafi Nazrin after the ceremony.
LOSSES FROM UMW HOLDINGS' O&G BUSINESSES AFFECTED THE GROUP'S FINANCIAL PERFORMANCE IN 2016 DESPITE PROFITABILITY OF OTHER CORE BUSINESSES
Group's pre-tax loss due primarily to the impairments and provisions for Oil & Gas businesses
Automotive, Equipment and Manufacturing & Engineering segments resilient despite intense competition and strengthened USD
Other core businesses remained profitable in 2016
Core business segment
Automotive
Equipment
M&E
Total
PBT (RM'mil)
493.1
146.7
24.0
663.8
Oil & Gas exit will strengthen the balance sheet, financial position, and refocusing on its core businesses
SHAH ALAM, 27 February 2017 - The Group's overall financial performance was adversely impacted by the losses of the O&G division due to the industry downturn. Nonetheless, UMW Holdings Berhad's other non-oil and gas businesses Automotive, Equipment and Manufacturing & Engineering remained profitable throughout 2016.
President and Group Chief Executive Officer of UMW Holdings Berhad, Badrul Feisal bin Abdul Rahim, said: Despite the tough economic conditions, the Group is encouraged and emboldened by the resilience shown by the other core business segments in sustaining profitability under exceptionally challenging operating circumstances.
With the Group's strategic decision to exit the O&G sector, UMW Holdings' future prospects have been enhanced with its financial position and performance expected to improve moving forward.
For the fourth quarter of 2016, with the inclusion of the Listed and Non-listed Oil & Gas assets, the Group registered a pre-tax loss of RM2,098.0 million as compared to a pre-tax loss of RM330.2 million in the corresponding quarter of last year. This result includes the operational losses and impairments of both the Listed and Non-Listed Oil & Gas segments coupled with provisions for financial guarantee contracts.
However, the Group's other core businesses Automotive, Equipment and Manufacturing & Engineering posted a combined profit before tax (PBT) of RM178.2 million as compared to RM293.6 million in the corresponding quarter of 2015. For 2016, these segments registered a collective PBT of RM663.8 million as compared to RM1,104.2 million in 2015.
Overall, the Group registered revenue of RM3,062.3 million for the last quarter of 2016, which was 26.8% lower than the corresponding quarter in 2015. The Group recorded full-year revenue of RM10,965.1 million, a decrease of 24.1% over the previous year. Excluding the impairment of assets and provision for financial guarantee contracts, the Group posted a profit before tax of RM89 million in 2016. The lower profit recorded was contributed by the operating losses of the Oil and Gas listed and non-listed businesses. After taking into account the impairments and provisions, the Group registered a pre-tax loss of RM2,153.8 million for 2016 as compared to a PBT of RM269.7 million in 2015.
The Automotive segment recorded profit before tax (PBT) of RM143.6 million for the 4th quarter of 2016, a decrease of 42.7% compared to the corresponding quarter in 2015. The segment registered full-year PBT of RM493.1 million for 2016, a drop of 42.7% from the previous year. The performance of this segment is in tandem with the significant drop in the Total Industry Volume (TIV) by 13%. The decrease in profitability is due to continued weakening of the ringgit and weak consumer sentiment.
The Equipment segment registered PBT of RM30.6 million for the current quarter, a slight improvement over the corresponding quarter in 2015. Full-year PBT for the segment stood at RM146.7 million, a decrease of 35% from the previous year. Profitability of the segment was affected by slowing demand for heavy equipment and heightened competition in the construction sector. In addition, operations in Myanmar continued to be constrained by the restriction imposed on heavy equipment importation by the national government.
Manufacturing & Engineering full-year PBT surged by 42.9% over the previous year to RM24 million. For the 4th quarter 2016, this segment posted PBT of RM4.0 million as compared to RM13.9 million for the corresponding quarter. The 4th quarter performance was adversely affected by weak market sentiments in the lubricant and auto component businesses.
Badrul Feisal explained: The operating performance of the Group's non-Oil & Gas businesses moderated under challenging operating circumstances in 2016. The successful execution of the O&G withdrawal strategy will be the platform for the Group to emerge as a stronger, more competitive industrial conglomerate with increased capacity for expansion. It will remove significant debt overhang and reinvigorates our financial position to enable fresh investments which will spur new growth impetus of our core segments.
For 2017, we anticipate stable revenues comparable to the previous year. Moving forward, we are confident of the long-term prospect of our three core businesses as demonstrated by our on-going investments in Automotive, Equipment and Manufacturing and Engineering businesses. Our growth strategy will be underpinned by continued expansion in these three core sectors.
CABARAN SITUASI EKONOMI TIDAK MENGHALANG SEGMEN PERNIAGAAN TERAS UMW HOLDINGS DARIPADA MENJANA KEUNTUNGAN
Kerugian sebelum cukai Kumpulan disebabkan oleh kejejasan nilai aset dan peruntukan bagi usahaniaga Minyak & Gas
Segmen Automotif, Jentera serta Pembuatan & Kejuruteraan berdaya tahan walaupun menerima saingan hebat di samping nilai ringgit yang merosot
Perniagaan teras yang lain masih mencatat keuntungan pada tahun 2016
Segmen perniagaan teras
Automotif
Jentera
Pembuatan & Kejuruteraan
Jumlah
Keuntungan sebelum cukai (RM juta)
493.1
146.7
24.0
663.8
Pelupusan perniagaan Minyak & Gas akan memperkukuh kunci kira-kira, kedudukan kewangan dan penumpuan semula kepada perniagaan teras
SHAH ALAM, 27 Februari 2017 - Prestasi keseluruhan Kumpulan telah menerima kesan negatif dari kerugian bahagian Minyak & Gas ekoran kelembapan industri. Walaubagaimanapun, segmen perniagaan selain minyak dan gas UMW Holding Berhad iaitu Automotif, Jentera serta Pembuatan & Kejuruteraan, kekal menguntungkan sepanjang tahun 2016.
Presiden dan Ketua Pegawai Eksekutif Kumpulan UMW Holdings Berhad, Badrul Feisal bin Abdul Rahim, berkata: Walaupun keadaan ekonomi adalah mencabar, kami didorong oleh dayatahan yang ditunjukkan oleh segmen perniagaan teras yang lain untuk terus mengekalkan keuntungan dalam keadaan operasi yang amat mencabar.
Berikutan keputusan strategik Kumpulan untuk keluar dari sektor Minyak & Gas, prospek masa depan UMW telah meningkat dengan kedudukan kewangan dan prestasi Kumpulan dijangka bertambah baik pada masa hadapan.
Bagi suku keempat tahun 2016, dengan merangkumi aset-aset tersenarai dan tidak tersenarai Minyak & Gas, Kumpulan mencatat kerugian sebelum cukai yang sebanyak RM2,098.0 juta bagi suku keempat tahun 2016 berbanding dengan kerugian sebelum cukai sebanyak RM330.2 juta pada suku yang sama tahun sebelumnya. Keputusan ini termasuk kerugian operasi dan kejejasan nilai aset segmen Minyak & Gas tersenarai dan tidak tersenarai berserta peruntukan kontrak jaminan kewangan.
Walaubagaimanapun, perniagaan teras Kumpulan yang lain iaitu Automotif, Jentera serta Pembuatan & Kejuruteraan telah mencatat keuntungan sebelum cukai terkumpul sebanyak RM178.2 juta berbanding dengan RM293.6 juta pada suku yang sama tahun 2015. Bagi tahun 2016, segmen-segmen ini mencatat keuntungan sebelum cukai terkumpul sebanyak RM663.8 juta berbanding dengan RM1,104.2 juta pada tahun 2015.
Secara keseluruhan, Kumpulan mencatat hasil sebanyak RM3,062.3 juta bagi suku terakhir tahun 2016, iaitu 26.8% lebih rendah daripada suku yang sama pada tahun 2015. Kumpulan mencatat hasil setahun sebanyak RM10,965.1 juta, penurunan sebanyak 24.1% berbanding tahun sebelumnya. Tanpa mengambil kira kejejasan nilai aset dan peruntukan kontrak jaminan kewangan, Kumpulan mencatat keuntungan sebelum cukai sebanyak RM89 juta pada tahun 2016. Penurunan keuntungan yang direkodkan adalah disebabkan oleh kerugian operasi segmen perniagaan Minyak & Gas tersenarai dan tidak tersenarai. Setelah mengambil kira kejejasan aset dan peruntukan kontrak jaminan kewangan, Kumpulan merekodkan kerugian sebelum cukai sebanyak RM2,153.8 juta pada tahun 2016 berbanding RM269.7 juta pada tahun 2015.
Segmen Automotif mencatat keuntungan sebelum cukai sebanyak RM143.6 juta bagi suku keempat tahun 2016, penurunan sebanyak 42.7% berbanding dengan suku yang sama bagi tahun 2015. Segmen ini mencatat keuntungan sebelum cukai setahun sebanyak RM493.1 juta bagi tahun 2016, penurunan sebanyak 42.7% dari tahun sebelumnya. Prestasi segmen ini adalah sejajar dengan penurunan 13% Jumlah Keseluruhan Industri (TIV). Penurunan keuntungan adalah disebabkan kemerosotan mata wang ringgit yang berterusan dan sentimen pasaran yang lemah.
Segmen Jentera mencatat keuntungan sebelum cukai sebanyak RM30.6 juta bagi suku semasa, sedikit peningkatan berbanding dengan suku yang sama pada tahun 2015. Keuntungan sebelum cukai setahun bagi segmen Jentera berada pada RM146.7 juta, penurunan sebanyak 35% dari tahun sebelumnya. Keuntungan segmen ini terjejas oleh permintaan yang semakin perlahan untuk jentera berat dan persaingan yang meningkat dalam sektor pembinaan. Selain itu, operasi di Myanmar terus berdepan dengan kesukaran sekatan yang dikenakan terhadap pengimportan jentera berat oleh kerajaan tempatan.
Keuntungan sebelum cukap setahun segmen Pembuatan & Kejuruteraan melonjak sebanyak 42.9% kepada RM24 juta berbanding tahun sebelumnya. Bagi suku keempat tahun 2016, segmen ini mencatat keuntungan sebelum cukai sebanyak RM4.0 juta berbanding dengan RM13.9 juta bagi suku yang sama tahun lepas. Prestasi suku keempat terjejas oleh sentimen pasaran yang lemah dalam perniagaan pelincir dan komponen kenderaan.
Badrul Feisal menjelaskan: Prestasi operasi segmen perniagaan selain segmen Minyak & Gas sederhana dalam keadaan operasi yang mencabar. Kejayaan pelaksanaan strategi pelupusan Minyak & Gas akan menjadi dasar bagi Kumpulan untuk tampil sebagai konglomerat perindustrian yang lebih kukuh dan berdaya saing dengan lebih banyak kapasiti untuk terus berkembang. Ini akan menghapuskan hutang yang tinggi dan menggiatkan semula kedudukan kewangan kami bagi membolehkan pelaburan baru yang akan menyokong pertumbuhan segmen-segmen teras kami.
Kami menjangka hasil yang stabil untuk tahun 2017 berbandung tahun lepas. Melangkah ke hadapan, kami yakin dengan prospek jangka panjang tiga perniagan teras kami seperti yang ditunjukkan oleh pelaburan berterusan kami dalam segmen Automotif, Jentera dan Pembuatan & Kejuruteraan. Strategi pertumbuhan kami akan didukung oleh pengembangan secara berterusan ketiga-tiga sektor teras ini.
UMW HOLDINGS TO REFOCUS ON CORE BUSINESSES, STREAMLINING THE COMPANY FOR LONG-TERM SUCCESS
UMW Holdings Berhad announces plans to refocus on core businesses of automotive, equipment and manufacturing & engineering to create value for shareholders
Company plans strategic exit from oil & gas sector via distribution in specie' of UMW Oil & Gas Corporation Berhad shares to entitled shareholders, followed by progressive exit from non-listed oil & gas assets
KUALA LUMPUR, 19 January 2017 - UMW Holdings Berhad (UMWH) today announced it is refocusing on its core businesses of automotive, equipment and manufacturing & engineering. The announcement follows the commencement of a planned strategic exit from the oil & gas sector to allow the company to enhance its operations in areas where it sees better long-term growth potential. Concurrently, UMW Oil & Gas Corporation Berhad (UMWOG) is also proposing to lead the oil & gas industry consolidation.
The exit from oil & gas begins with the proposal for the distribution in specie' of all its shares in UMWOG to all entitled shareholders of UMWH. This distribution exercise will be followed by a progressive exit of non-listed oil & gas assets held by UMWH, a process that commenced five years ago.
In pursuing this, for the other non-listed oil & gas assets, UMWH may have to impair such investments, the details of which are being assessed as part of the annual audit impairment testing exercise. At this juncture, the quantum of the potential impairment has yet to be determined.
UMWH has chosen to undertake the proposed distribution through the Proposed Bonus Issue and Proposed Redemption, which utilises the Company's share premium account as opposed to its retained earnings, which may be impacted by the impairment exercise.
Following this exercise, shareholders will now own shares in two listed entities, namely UMWH and UMWOG. This will provide an opportunity for shareholders to manage their investment exposure and rebalance their portfolio independent of each other and according to their individual investment objectives.
The process of refocusing on the company's core businesses will position UMWH for leadership in these core areas and allow for a more efficient employment of resources to these capital intensive, growth businesses. In addition, the go-forward business will gain added strength to its financial position.
President and Group Chief Executive Officer of UMW Holdings Berhad, Badrul Feisal bin Abdul Rahim, said: UMW Holdings will focus on its core businesses to create and unlock value for shareholders. A strategic exit from oil & gas will allow the company to strengthen its financial position and reallocate its resources towards investments that we believe have the best potential for growth. In doing so, we will streamline the business and capture stronger returns by investing in areas where we believe we are market-leaders, or can become the leaders.
To achieve these goals, we are distributing our shares in UMWOG to UMW Holdings investors and pursuing our progressive exit strategy from all our non-listed oil & gas assets with a view to eventually exiting the business altogether.
Along the way, we expect to incur impairments. Notwithstanding that, the long-term effect of this exercise will be a strengthened balance sheet, reduced exposure to debt, more efficient operations and a stronger company delivering better value to our shareholders.
The proposed distribution of UMWOG shares is expected to be completed by the second quarter of 2017.
Badrul Feisal bin Abdul Rahim added: Looking ahead, our long-term strategic goals for the company include enhancing returns from our automotive division, expanding further into high value manufacturing and engineering, and increasing our product range and market presence for our equipment division.
TAN SRI DATOâ SRI HAMAD KAMA PIAH PENGERUSI BARU KUMPULAN UMW
SHAH ALAM, 30 Disember 2016 â UMW Holdings Berhad mengumumkan perlantikan Tan Sri Datoâ Sri Hamad Kama Piah bin Che Othman sebagai Pengerusi Kumpulan yang baru bermula 1 Januari 2017 menggantikan Tan Sri Asmat bin Kamaludin yang tamat tempoh perkhidmatan pada 31 Disember 2016.
Tan Sri Datoâ Sri Hamad Kama Piah telah berkhidmat sebagai Presiden & Ketua Pengarah Eksekutif Permodalan Nasional Berhad (PNB) sehingga persaraan beliau pada 30 September 2016. Beliau telah bersama PNB sejak tahun 1979. Beliau juga telah berkhidmat sebagai Pengarah Amanah Saham Nasional Berhad, Pelaburan Hartanah Nasional Berhad, Amanah Mutual Berhad, Chemical Company of Malaysia Berhad, Sime Darby Berhad dan beberapa syarikat swasta yang lain. Beliau sekarang adalah Pengerusi PNB Development Sdn. Bhd., E-Lock Corporation Sdn. Bhd. dan Universiti Malaysia Kelantan, Pengarah Professional Golf Association of Malaysia dan pemegang amanah Yayasan Karyawan.
Kerjaya beliau selama 30 tahun merangkumi bidang pelaburan dan pengurusan amanah saham. Beliau telah bertanggungjawab dalam pelbagai aspek pengurusan pelaburan dan kewangan korporat di PNB termasuk sebagai pengurus portfolio dan ketua penstrukturan semula korporat.
âKami berasa bertuah dan bangga dengan perlantikan Tan Sri Datoâ Sri Hamad Kama Piah sebagai Pengerusi Kumpulan. Pengalaman beliau yang sangat luas akan memberi banyak sumbangan kepada Kumpulan UMW. Saya dan lembaga pengarah amat mengalu-alukan perlantikan Tan Sri Datoâ Sri Hamad Kama Piah dan berharap dapat bekerja dengan beliau dalam memacu Kumpulan UMW ke peringkat yang lebih tinggi,â kata Badrul Feisal bin Abdul Rahim, Presiden & Ketua Pengarah Eksekutif Kumpulan UMW Holdings Berhad.
Tan Sri Asmat bin Kamaludin telah berkhidmat sebagai Pengerusi Kumpulan UMW Holdings Berhad sejak 20 Februari 2001. Kerjaya cemerlang beliau selama 35 tahun di Kementerian Perdagangan Antarabangsa dan Industri tamat dengan persaraan pada tahun 2001 dengan jawatan terakhir sebagai Ketua Setiausaha. Tan Sri Asmat telah banyak menyumbang kepada hubungan ekonomi antara Jepun-Malaysia. Pada 11 November 2014, beliau telah dianugerahkan bintang kebesaran âOrder of the Rising Sun, Gold and Silver Starâ oleh Maharaja Jepun bagi mengiktiraf sumbangan beliau dalam mengeratkan hubungan ekonomi serta mengeratkan jalinan persefahaman antara Jepun dan Malaysia.
âBagi pihak ahli lembaga pengarah UMW Holdings Berhad, saya ingin merakamkan setinggi-tinggi penghargan kepada Tan Sri Asmat di atas sumbangan beliau yang tidak ternilai kepada Kumpulan UMW. Perniagaan Kumpulan UMW telah berkembang dan kini beroperasi di 13 buah negara di bawah kepimpinan beliauâ, tambah Badrul Feisal.
TAN SRI DATOâ SRI HAMAD KAMA PIAH IS UMWâS NEW GROUP CHAIRMAN
SHAH ALAM, 30 December 2016 â UMW Holdings Berhad announced the appointment of Tan Sri Datoâ Sri Hamad Kama Piah bin Che Othman as its new Group Chairman effective 1 January 2017. He replaces Tan Sri Asmat bin Kamaludin whose tenure expires on 31 December 2016.
Tan Sri Datoâ Sri Hamad Kama Piah was the President & Group Chief Executive Officer of Permodalan Nasional Berhad (PNB) until his retirement on 30 September 2016. He was with PNB since 1979. He had served as a Director of Amanah Saham Nasional Berhad, Pelaburan Hartanah Nasional Berhad, Amanah Mutual Berhad, Chemical Company of Malaysia Berhad, Sime Darby Berhad and several private companies. He is currently the Chairman of PNB Development Sdn. Bhd., E-Lock Corporation Sdn. Bhd. and Universiti Malaysia Kelantan, a Director of Professional Golf Association of Malaysia and a Trustee of Yayasan Karyawan.
His career spans over 30 years in the fields of investment and unit trust management. He undertook various responsibilities in various facets of investment management and corporate finance in PNB including as portfolio manager and head of corporate restructuring.
âWe are honoured with the appointment of Tan Sri Datoâ Sri Hamad Kama Piah as our new Group Chairman. His wealth of knowledge and vast experience would contribute immensely to the UMW Group. The Board of Directors and I are looking forward to welcoming Tan Sri Datoâ Sri Hamad Kama Piah and working closely with him. With his esteemed leadership, we are confident of propelling UMW to new frontiers and greater heights,â said Badrul Feisal bin Abdul Rahim, President & Group Chief Executive Officer of UMW Holdings Berhad.
Tan Sri Asmat bin Kamaludin has been the Group Chairman of UMW Holdings Berhad since 20 February 2001. He had a distinguished career with the Ministry of International Trade and Industry Malaysia spanning over 35 years, culminating with his retirement as Secretary-General in 2001. Tan Sri Asmat has contributed immensely to Japan-Malaysia economic ties. On 11 November 2014, he was conferred the prestigious âOrder of the Rising Sun, Gold and Silver Starâ award by His Majesty, the Emperor of Japan, in recognition of his contributions in the strengthening of economic relations and the promotion of mutual understanding between Japan and Malaysia.
âOn behalf of the Board of Directors of UMW Holdings Berhad, I would like to record our utmost gratitude to Tan Sri Asmat for his invaluable contributions to the UMW Group. Under his esteemed leadership, the UMW Group has grown to be a leader in its core businesses and today has operations in 13 countries. We thank him and wish him well for the futureâ, added Badrul Feisal.
UMW HOLDINGS BERHADâS THIRD QUARTER RESULTS AFFECTED BY THE SLOWDOWN IN THE OIL & GAS INDUSTRY
SHAH ALAM, 29 November 2016 â UMW Holdings Berhad recorded a revenue of RM2,856.8 million for the third quarter ended 30 September 2016, representing RM676.4 million or 19.1% lower than the RM3,533.2 million recorded in the same period of 2015. The challenging economic environment in the Oil & Gas industry coupled with the weakening ringgit had impacted the Groupâs results.
Consequently, the Group reported a loss before taxation of RM121.6 million against a profit of RM72.2 million in the previous yearâs corresponding quarter.
The Automotive segment recorded a lower revenue of RM2,263.4 million for the third quarter of 2016 compared to RM2,596.1 million registered in the previous yearâs corresponding quarter as a result of soft market sentiments and intense competition from other automotive manufacturers. The total industry volume (TIV) for the third quarter of 2016 was 142,974 units, a drop of 12% compared to 163,235 units in the same quarter of 2015.
Nevertheless, profit before taxation improved from RM113.4 million in the third quarter of 2015 to RM133.5 million in the current quarter. The record sale of the new model, Perodua Bezza that was launched in July 2016 contributed to the better profit performance.
Equipment segmentâs revenue of RM342.8 million for the third quarter of 2016 was a decrease of 27.8% or RM132.0 million against RM474.8 million recorded in the same period of 2015. This was mainly attributable to the decline in equipment sales resulting from the slowdown in the mining sector and stiff competition in the construction sector.
Sales performance in Myanmar was weighed down by the continued restriction imposed on the importation of heavy equipment into the country by the government of Myanmar.
In tandem with the lower revenue, profit before taxation decreased from RM64.4 million recorded in the third quarter of 2015 to RM33.6 million in the current quarter.
The Manufacturing & Engineering segment recorded a revenue of RM144.6 million in the current quarter, RM39.2 million or 21.3% lower than the RM183.8 million reported in the previous yearâs corresponding quarter. Nevertheless, profit before taxation improved from RM0.8 million to RM2.5 million in the current quarter, mainly attributable to the better performance of shock absorber business.
The Oil & Gas (Listed) segment registered a revenue of RM49.7 million, a reduction of RM163.0 million from the same quarter of 2015 of RM212.7 million. Fewer income-generating assets coupled with the continued pressure on charter rates significantly impacted the revenue of the segment.
On the back of the lower revenue, the segment reported a loss before taxation of RM133.0 as opposed to a profit before taxation of RM11.5 million in the same quarter of 2015.
The Oil & Gas (Unlisted) segment registered a lower revenue of RM58.4 million in the current quarter, a drop of RM11.6 million compared to the RM70.0 million in the same quarter of 2015. The adverse performance of the segment was mainly due to the impact of continued low oil prices. Nevertheless, lower loss of RM36.1 million was reported compared to the loss of RM65.1 million reported in the same quarter of 2015, mainly attributable to lower operating costs from the onshore drilling operations in Oman.
âThe performance of the Group is affected by the present downturn in the oil and gas industry, softer local demand for motor vehicles and weakening ringgit. The challenges and uncertainties in the current business environment may add pressure for asset impairment in the last quarter of the year, hence, may adversely impact the Groupâs results. Nevertheless, management will take appropriate measures to contain cost, increase operational efficiency and continue to improve business potentials,â says Badrul Feisal bin Abdul Rahim, its President & Group CEO.
KEPUTUSAN KEWANGAN SUKU KETIGA UMW TERJEJAS OLEH KELEMBAPAN DALAM INDUSTRI MINYAK DAN GAS
SHAH ALAM, 29 November 2016 â UMW Holdings Berhad merekodkan hasil sebanyak RM2,856.8 juta bagi suku ketiga berakhir 30 September 2016, menunjukkan hasil RM676.4 juta atau 19.1% lebih rendah berbanding hasil sebanyak RM3,533.2 juta yang direkodkan pada suku yang sama tahun 2015. Keadaan ekonomi industri minyak dan gas yang mencabar ditambah dengan penyusutan mata wang ringgit yang berterusan telah menjejaskan keputusan kewangan Kumpulan UMW.
Kumpulan UMW melaporkan kerugian sebelum cukai sebanyak RM121.6 juta berbanding keuntungan sebanyak RM72.2 juta pada suku yang sama tahun lepas.
Segmen automotif mencatatkan hasil yang lebih rendah sebanyak RM2,263.4 juta pada suku ini, berbanding RM2,596.1 juta yang diperolehi pada suku yang sama tahun lepas disebabkan oleh sentimen pasaran yang lemah dan persaingan yang sengit di antara penggiat industri yang lain. Jumlah keseluruhan industri bagi suku ketiga tahun ini adalah 142,974 unit, penurunan sebanyak 12% berbanding 163,235 unit pada suku yang sama tahun 2015.
Walau bagaimanapun, keuntungan sebelum cukai meningkat dari RM113.4 juta pada suku ketiga tahun 2015 kepada RM133.5 juta pada suku ini. Permintaan tinggi untuk model kenderaan baru, Perodua Bezza yang dilancarkan pada Julai 2016 telah menyumbang kepada keuntungan yang lebih baik.
Hasil segmen jentera sebanyak RM342.8 juta bagi suku ketiga tahun 2016 menurun sebanyak 27.8% atau RM132.0 juta berbanding hasil sebanyak RM474.8 juta yang direkodkan pada suku yang sama tahun 2015. Ini adalah disebabkan oleh penurunan jualan jentera ekoran dari kelembapan sektor perlombongan dan persaingan hebat dalam sektor pembinaan. Prestasi jualan di Myanmar telah dijejaskan oleh penerusan sekatan yang dikenakan oleh kerajaan baru Myanmar ke atas pengimportan jentera berat yang di bawa masuk ke negara itu.
Sejajar dengan hasil yang lebih rendah, keuntungan sebelum cukai menurun dari RM64.4 juta pada suku ketiga 2015 kepada RM33.6 juta pada suku ini.
Segmen pembuatan dan kejuruteraan mencatat hasil sebanyak RM144.6 juta pada suku ini, RM39.2 juta atau 21.3% lebih rendah dari hasil sebanyak RM183.8 juta yang dicatatkan dalam suku yang sama tahun lepas. Walaupun hasil berkurangan, keuntungan sebelum cukai telah meningkat dari RM0.8 juta kepada RM2.5 juta pada suku ini disebabkan prestasi meningkat dalam perniagaan penyerap kejutan kenderaan.
Segmen minyak dan gas (tersenarai di Bursa) merekodkan hasil sebanyak RM49.7 juta, penurunan sebanyak RM163.0 juta dari hasil sebanyak RM212.7 juta pada suku yang sama tahun 2015. Penggunaan asset penjana pendapatan yang rendah dan penekanan terhadap kadar carter yang berterusan telah nyata sekali menjejaskan hasil untuk segmen ini.
Berikutan penurunan hasil ini, segmen minyak dan gas merekodkan kerugian sebelum cukai sebanyak RM133.0 juta berbanding keuntungan sebelum cukai sebanyak RM11.5 juta bagi suku yang sama tahun 2015.
Segmen minyak dan gas (tidak tersenarai di Bursa) mencatat hasil lebih rendah iaitu sebanyak RM58.4 juta pada suku ini, penurunan sebanyak RM11.6 juta berbanding RM70 juta pada suku yang sama tahun 2015. Kemerosotan prestasi bagi segmen ini adalah disebabkan oleh harga pasaran minyak yang rendah. Walau bagaimanapun pengurangan kerugian sebanyak RM36.1 juta dilaporkan berbanding kerugian sebanyak RM65.1 juta pada suku yang sama tahun 2015 disebabkan oleh kos operasi lebih rendah di Oman.
âPrestasi Kumpulan ini telah dijejaskan oleh kelembapan industri minyak dan gas, penurunan permintaan pasaran tempatan terhadap kenderaan dan kemerosotan mata wang ringgit. Cabaran dan ketidaktentuan pasaran mungkin menambah tekanan untuk kejejasan aset pada suku terakhir tahun ini dan akan memberi impak negatif kepada keputusan kewangan Kumpulan. Pihak pengurusan akan terus mengambil langkah-langkah yang sepatutnya untuk mengurangkan kos, meningkatkan kecekapan operasi dan terus menambah baik potensi perniagaan,â kata Presiden dan Ketua Pengarah Eksekutif Kumpulan UMW, Encik Badrul Feisal bin Abdul Rahim.
UMW GRANTT INTERNATIONAL SPONSORS BORNEO SAFARI SABAH FOR THE SECOND YEAR
KOTA KINABALU, 30 October 2016 â UMW Grantt International Sdn. Bhd., a wholly-owned subsidiary of UMW Group that produces and distributes GRANTT lubricants, is proud to announce its participation as Platinum Sponsor Partner in South East Asiaâs biggest extreme off-road event, Borneo Safari International Off Road Challenge (Borneo Safari) 2016.
Similar to the previous year, UMW Grantt International has introduced a new series of special edition product, the GRANTT Quasar Diesel Engine Oil 15W40 â CI 4 (7-litre pack) in conjunction with the event. The same oil will be tested in some of the vehicles participating in this 8-day 4WD expedition through challenging and varied off-road terrains, covering an estimated journey of about 1000 km.
From the comprehensive post-event evaluation conducted last year, Grantt Quasar 15W-40 CI-4/SL has surpassed industry-established performance tests in wear protection. Its powerful anti-wear performance provides effective lubrication at critical wear zone and positive feedback from last yearâs participants has shown that Grantt Quasar is able to perform well and withstand extreme driving condition providing optimal performance, giving excellent fuel efficiency benefit.
GRANTTâs full range of lubricants include Passenger Car Motor Oil (PCMO), Motorcycle Oil (MCO), Diesel Engine Oil (DEO), Automatic Transmission Fluid (ATF), industrial oil and greases.
Quasar Diesel Engine Oil by GRANTT is formulated with advanced American Technology to deliver excellent engine performance and to protect engine wear, corrosion, overheating and prevent deposits build up even in the toughest driving conditions. It meets the latest lubrication technology for low emission engines fitted with Exhaust Gas Recirculation (EGR). The Borneo Safari corporate vehicles this year will again be powered by GRANTT Quasar Diesel Engine.
More than 350 four-wheel-drive vehicles were flagged off by YB Datuk Seri Panglima Masidi Manjun, Minister of Tourism, Culture and Environment Sabah.
âWe are thrilled to once again be a part of South East Asiaâs biggest extreme off-road event. We hope with our sponsorship, it will create more awareness towards our brand and more people will choose GRANTT lubricants for their vehicles,â said Amri Hasim, General Manager of UMW Grantt International Sdn. Bhd.
MOTOGP WORLD CHAMPION MARC MARQUEZ UNVEILS THE NEW RANGE OF REPSOL PASSENGER CAR LUBRICANTS
SEPANG, 29 October 2016 â Repsol MotoGP World Champion, Marc Marquez, together with Hiroshi Aoyama unveiled Repsolâs new series of Repsol Elite lubricants after the qualifying race at the Sepang International Circuit.
The quality of these products has been improved to help extend the engine's lifespan, exceed the most rigorous specifications and quality standards in the field, and comply with the strictest environmental regulations.
These new lubricants have been certified and recognized by the main automobile manufacturers, and they offer the best performance in terms of protection and efficiency. It is also possible to reduce consumption in new vehicles by more than 3% compared with previous formulation.
They also contribute to the durability of the engine and the exhaust after-treatment systems, which leads to a reduction in CO2 emissions in the most advanced engines.
Repsol has increased the range of viscosities available in the Repsol Elite line, with the highest-quality additives and specific formulations for each manufacturer. The range includes synthetic products that meet all customers' needs. The product was developed at the Repsol Technology Center following the most rigorous quality standards.
MĂĄrquez, who won his third MotoGP World Championship a few days ago, uses gasoline and lubricant formulated and produced by Repsol.
Repsol has come out with new packaging design that indicates the types of engine oil, allowing the customer to instantly identify the difference in quality level that best suit their engine requirements.
This new line of lubricants will be blended at the UMW plant in Shah Alam and will be made available in the local market next year. âThe partnership forged between UMW & Repsol brand has enable us to deliver the pinnacle of quality and excellence to our precious consumer,â said Megat Shahrul Azmir, President of UMW Manufacturing & Engineering Division.
The launch was also witnessed by representatives from Repsol and guests from China, Thailand, Singapore and Vietnam.
UMW holds the Repsol licence and distributorship since 2010 covering Malaysia, China and Singapore markets. UMW is also the biggest Repsol distributor outside Europe.
UMW GRANTT INTERNATIONAL PARTNERS WITH MALAYSIAN RALLY CHAMPIONSHIP 2016 FOR ROUND 3 AND 4
KOTA TINGGI, 28 October 2016 â UMW Grantt International Sdn. Bhd. (UMWG), a wholly-owned subsidiary of UMW Group that produces and distributes GRANTT lubricants, is proud to announce its involvement as an exclusive partner and co-sponsor of the Malaysian Rally Championship (MRC) 2016. The 12th edition of the Malaysian Rally will take place from 28th to 30th October in Johor, where it has been held annually since 2003. This will be the second time the event will be held in October and it is usually a very wet and muddy time of the year in Johor.
âWe are taking many initiatives to further penetrate the Malaysian and Asia Pacific markets by enhancing brand awareness and positioning GRANTT as a premium brand. We are proud to be a co-sponsor for Malaysian Rally Championship, which is part of the prestigious FIA Asia-Pacific Rally Championship, the biggest international rally event in this region after World Rally Championship (WRC) with six host countries. We hope our involvement in this Championship will help to elevate the countryâs motorsports,â said Amri Hasim, General Manager of UMW Grantt International Sdn. Bhd.
The sponsorship mock cheque was handed to Managing Director of Wheel Sport Management Sdn. Bhd., Y.M. Datin Paduka Raja Nor Mazli Raja Tun Mohar by UMWGâs General Manager, Amri bin Hasim. The presentation ceremony was witnessed by the Tunku Temenggong of Johor, Y.A.M. Tunku Idris Iskandar ibni Sultan Ibrahim.
This exclusive partnership in MRC for Round 3 in Kota Tinggi, Johor, and Round 4 to be held in Sri Iskandar Perak in December will put the brand on the forefront of the lubricant market and promote itself to the MRC community, the spectators and public at large.
GRANTTâs full range of lubricants include Passenger Car Motor Oil (PCMO), Motorcycle Oil (MCO), Diesel Engine Oil (DEO), Automatic Transmission Fluid (ATF), industrial oils and greases. The GRANTT PCMO Stellar range has been tested to comply with the international lubricant standards, the American Petroleum Instituteâs API-SN requirements, as well as the stringent European Automobile Manufacturers Association ACEA A3/B4 standard.
SPARK LABS LAUNCHES 2ND MANHATTAN LOCATION & U.S. EXPANSION PLATFORM
NEW YORK, 26 October 2016 â Spark Labs (http://spark-labs.co/), one of NYâs fastest growing co-working communities, and now, a global ecosystem built to fast track entrepreneurs in the U.S., today announced the opening of a second location in the heart of NYCâs âSilicon Alleyâ and the backing of UMW Holdings Berhad, a Malaysian Corporation with a $3.5B revenue in 2015, eager to embark in technology investment in North America.
The brand new space opening on 1 November is 20,000-square-feet, comprising an entire floor at 25 W. 39 St. in Bryant Park. Memberships start at $350 a month for a flex desk to $20,000 a month for large private offices. All memberships include access to a unique ecosystem including community, workspace and a comprehensive support platform specifically built for tech companies, including: Sales and Business Development, Marketing and Public Relations, funding fast track, Mentorship program, Recruitment, Legal and Accounting support.
The new Spark Labs ecosystem will allow more global startups currently operating outside of the U.S. market to scale and make their mark in North America. Several foreign startups have already matured into successful businesses with the aid of Spark Labs -- including Invoxia (makers of Triby, the first non-Amazon device with Alexa integration) and ConnectThings (a leader in NFC tag, QR codes and iBeacon management systems) -- by leveraging the ecosystem.
Spark Labs Founder and CEO Christophe Garnier (formerly Totsy Co-Founder) stated, âLooking for workspace in NYC is easy but finding the right environment is a different story. If you are a global entrepreneur looking to expand in the U.S. market, Spark Labs is the simple and obvious choice. We developed Spark Labs from the beginning as a collaborative ecosystem and U.S. expansion platform for innovation and now with UMW in the picture, we look forward to more success stories joining the fold.â
âUMW is impressed with the holistic solution Spark Labs has created to foster global tech players entering the U.S. via expansion in NYC and we look forward to aiding high growth technology companies through the Spark Labs ecosystemâ, said Ms Faizah Mohamed Amin, president at UMW Technology, the tech investments division of UMW.
Spark Labs has built a successful formula of community, support, benefits and events which has already helped dozens of tech and innovation companies to enter the U.S. market. With over $40M raised by past and current cohort companies, Spark Labs is supported locally by Amazon, IBM, SalesForce for Startups, SendGrid, JustWorks, Rubicon Ventures, White Star Capital, First Mark Capital, Eniac Ventures & KVB Partners.
UMW HOLDINGS BERHAD CATAT KEUNTUNGAN SEBELUM CUKAI SEBANYAK RM45 JUTA BAGI SUKU KEDUA TAHUN 2016
SHAH ALAM, 29 August 2016 â UMW Holdings Berhad merekodkan hasil sebanyak RM2,846.8 juta bagi suku kedua berakhir 30 Jun 2016, menunjukkan hasil RM638.5 juta atau 18.3% lebih rendah berbanding hasil sebanyak RM3,485.3 juta yang direkodkan pada suku yang sama tahun 2015. Semua segmen perniagaan menunjukkan hasil yang lebih rendah berbanding suku yang sama tahun lepas.
Sejajar dengan hasil yang lebih rendah, Kumpulan UMW mencatatkan keuntungan sebelum cukai yang lebih rendah sebanyak RM44.8 juta berbanding RM207.6 juta pada suku yang sama tahun lepas.
Segmen automotif mencatatkan hasil yang lebih rendah sebanyak RM2,177.1 juta pada suku ini, berbanding RM2,732.7 juta yang diperolehi pada suku yang sama tahun lepas disebabkan oleh persaingan yang sengit di antara penggiat industri yang lain.
Oleh itu, segmen ini mencatatkan keuntungan sebelum cukai lebih rendah sebanyak RM133.3 juta bagi suku ini, 49.4% lebih rendah dari keuntungan sebelum cukai sebanyak RM263.4 juta yang direkodkan pada suku yang sama tahun lepas. Penyusutan mata wang Ringgit yang berterusan juga turut menjejaskan keuntungan segmen ini.
Hasil segmen jentera sebanyak RM351.2 juta bagi suku kedua tahun 2016 menurun sedikit berbanding hasil sebanyak RM353.6 juta yang direkodkan pada suku yang sama tahun 2015, disebabkan oleh sektor pembinaan dan perlombongan yang perlahan serta sekatan yang dikenakan oleh kerajaan baru Myanmar ke atas pengimportan jentera berat yang di bawa masuk ke negara itu.
Walau bagaimanapun, keuntungan sebelum cukai meningkat dari RM33.7 juta ke RM43.3 juta hasil pengurusan kos yang lebih baik.
Hasil segmen minyak dan gas sebanyak RM130 juta untuk suku ini adalah 29.1% atau RM53.4 juta lebih rendah dari hasil sebanyak RM183.4 juta dalam suku yang sama tahun lepas. Penurunan hasil ini disebabkan oleh kadar carter dan penggunaan asset yang rendah untuk segmen ini.
Segmen minyak dan gas merekodkan kerugian sebelum cukai sebanyak RM64 juta bagi suku ini berbanding keuntungan sebanyak RM8 juta yang dicatatkan pada suku yang sama tahun 2015.
Segmen pembuatan dan kejuruteraan mencatat hasil sebanyak RM157 juta pada suku ini, RM8.4 juta atau 5.1% lebih rendah dari hasil sebanyak RM165.4 juta yang dicatatkan dalam suku yang sama tahun lepas. Walaupun hasil berkurangan, keuntungan sebelum cukai telah meningkat dari RM0.4 juta kepada RM10.9 juta pada suku ini disebabkan prestasi yag meningkat dalam perniagaan penyerap kejutan kenderaan dan minyak pelincir.
Sentimen pengguna yang menurun terus memberi kesan dalam pasaran automotif dan saingan sengit dari semua penggiat industri yang menggunakan strategi pemasaran yang agresif untuk meningkatkan jualan masing-masing terus memberi cabaran kepada Kumpulan UMW. Presiden dan Ketua Pengarah Eksekutif Kumpulan UMW, Encik Badrul Feisal bin Abdul Rahim berkata, âHarga minyak mempunyai potensi untuk pulih dalam jangka masa pertengahan dengan harga minyak Brent kekal stabil pada USD 40 setong selama lebih 4 bulan. Peningkatan aktiviti tender untuk servis penggerudian menunjukkan potensi peningkatan dalam jangka masa sederhana tetapi tender ini mungkin akan memakan masa beberapa bulan untuk diterjemahkan kepada penggunaan rig. Kumpulan UMW terus melaksanakan langkah-langkah yang sesuai untuk memperbaik kecekapan operasi dan membendung kosâ.
UMW HOLDINGS BERHAD REGISTERS PROFIT BEFORE TAXATION OF RM45 MILLION FOR THE SECOND QUARTER OF 2016
SHAH ALAM, 29 August 2016 â UMW Holdings Berhad recorded a revenue of RM2,846.8 million for the second quarter ended 30 June 2016, representing RM638.5 million or 18.3% lower than the RM3,485.3 million recorded in the same period of 2015. All business segments recorded lower revenue compared to the previous yearâs corresponding quarter.
In line with the lower revenue, the Group generated a lower profit before taxation of RM44.8 million against RM207.6 million in the previous yearâs corresponding quarter.
The Automotive segment recorded a lower revenue of RM2,177.1 million for the second quarter of 2016 compared to RM2,732.7 million registered in the previous yearâs corresponding quarter as a result of intense competition from other automotive manufacturers.
Consequently, the segment registered a lower profit before taxation of RM133.3 million for the quarter, i.e. 49.4% lower than the RM263.4 million profit before taxation recorded in the previous yearâs corresponding quarter. The continued weakening of ringgit had also affected the segmentâs profit for the quarter.
Equipment segmentâs revenue of RM351.2 million for the second quarter of 2016 was marginally lower than RM353.6 million recorded in the same period of 2015, mainly attributable to the slowdown in the construction and mining sectors and the restriction imposed on the importation of heavy equipment into the country by the new government in Myanmar.
Nevertheless, the profit before taxation improved from RM33.7 million to RM43.3 million through better cost management.
The Oil & Gas segmentâs revenue of RM130.0 million for the current quarter was 29.1% or RM53.4 million lower than the previous yearâs corresponding quarter of RM183.4 million. The reduction in revenue was due to lower time charter rates and lower utilisation of assets for the segment.
Consequently, the segment recorded a loss before taxation of RM64.0 million for the current quarter compared to profit before taxation of RM8.0 million reported in the corresponding quarter of 2015.
The Manufacturing & Engineering segment recorded a revenue of RM157.0 million in the current quarter, RM8.4 million lower or 5.1% lower than the RM165.4 million reported in the previous yearâs corresponding quarter. Despite the lower revenue, profit before taxation increased from RM0.4 million to RM10.9 million in the current quarter, mainly attributable to the better performance of shock absorbers and lubricant businesses.
Softening consumer sentiment continues to affect the automotive market and intense competition from all auto players deploying aggressive marketing strategies to boost sales continue to pose challenges to the Group. âOil price has the potential for recovery in the medium term with the Brent benchmark oil price stabilising at about USD40 per barrel for more than four months recently. The increase in tendering activities for drilling services indicates potential upturn in the medium term though these tenders may take months to translate into rig utilisation. The UMW Group continues to implement appropriate measures to improve operational efficiencies and contain cost,â says Badrul Feisal bin Abdul Rahim, its President & Group CEO.
UMWâs MERDEKA WEBFILM IN CONJUNCTION WITH 59th MERDEKA ANNIVERSARY
SHAH ALAM, 25 August 2016 â UMW Corporation Sdn. Bhd. (UMW) is proud to present its Merdeka webfilm with the hope that 31st August will always remain special to all Malaysians.
This is a story of a person called Merdeka, Deka for short, who grew up thinking that the Merdeka celebration was meant for him during his younger days. As the years passed, he realised that Merdeka was no longer celebrated in the same patriotic spirit like in the past.
We hope this short video will re-ignite the patriotic spirit in all of us, and 31st August will always be celebrated with pride and a time to reflect on the sacrifices and the challenges that our forefathers have gone through for our independence.
UMW will be releasing the webfilm today via Youtube. To watch this special Merdeka webfilm, please log on to YouTube and search for âUMW Merdeka 2016 Webfilmâ.
KUALA LUMPUR, 21 Jun 2016 â UMW Corporation Sdn Bhd (UMW) telah bekerjasama buat kali pertama dengan KASEH4U, sebuah organisasi bukan kerajaan yang ditubuhkan untuk menyediakan makanan asas pada setiap hari Selasa di Pusat Gelandangan Medan Tuanku.
40 orang sukarelawan UMW (UMW Community Champions) yang terdiri dari kakitangan Kumpulan UMW meredah kesesakan jalanraya selepas waktu pejabat ke Pusat Gelandangan Medan Tuanku supaya tiba sebelum waktu Maghrib. Selepas berbuka puasa dan solat, para sukarelawan mula membungkus kelengkapan kebersihan, menyusun makanan, minuman, buah-buahan dan bekalan sahur.
Seawal jam 8 malam sudah kelihatan para gelandangan dan miskin bandar yang mula menanti di hadapan pintu masuk. Bagi kebanyakan mereka, ini adalah makanan pertama mereka hari itu. Selepas kelengkapan kebersihan tersedia, makanan dan minuman telah diatur, pintu pagar dibuka buat mereka.
Semua orang mengikut peraturan dan beratur untuk mendapatkan kelengkapan kebersihan dan seterusnya ke meja makanan di mana para sukarelawan membahagikan makanan, minuman, buah-buahan dan bekalan sahur. Milo ais menjadi tumpuan kanak-kanak dan dewasa yang kelihatan tersenyum lebar ketika mendekati gerai berwarna hijau untuk mendapatkan segelas milo ais.
UMW akan membiayai tiga program menyediakan makanan yang sihat dan keperluan asas buat komuniti yang terpinggir. Ini adalah inisiatif UMW untuk mendekati golongan gelandangan dan miskin Bandar tanpa mengira bangsa dan agama yang tidak mampu untuk membeli makanan setiap hari.
âMembahagi makanan di pusat ini adalah program pertama yang melibatkan gelandangan dan miskin bandar, juga kerjasama dengan Kaseh4U. Kami berharap sumbangan tidak seberapa kami ni dapat memberikan sedikit kegembiraan dan keceriaan kepada masyarakat yang kurang bernasib baik,â kata Ketua Perkhidmatan Pengurusan Kumpulan UMW, Muzafar Munzir.
UMW COMMUNITY CHAMPIONSâ EVENING WITH THE HOMELESS
KUALA LUMPUR, 21 June 2016 â UMW Corporation Sdn Bhd (UMW) has collaborated for the first time with KASEH4U, a non-governmental organisation that was established to provide basic meals every Tuesday at a homeless centre in Medan Tuanku.
40 UMW Community Champions that consist of employees from UMW Group of companies braved the peak hour traffic after work to the homeless centre in Medan Tuanku, to arrive there before sunset. After a quick buka puasa and prayer, the volunteers set out to work, packing hygiene packs, arranging dinner, drinks, fruits and sahur packs.
As early as 8pm, homeless people can be seen waiting for the gate to the centre to open, many of them were looking forward to their first meal of the day. After hygiene packs were arranged, food and drinks lined up, the gate was opened to them.
Everybody queued for the hygiene packs and then to the food line, where volunteers distributed dinner, drinks, fruits and sahur packs. The highlight of the evening was the iced MILO, with childrenâs eyes lighting up and the adults smiling wider as they approached the familiar green-coloured booth.
UMW has pledged to fund three programmes like this offering healthy meals and basic essentials to the marginalised community. This is an initiative by the company to reach out to the homeless people, the destitute and urban poor, irrespective of race or religion, who could not afford food on a daily basis.
âDistributing food at this centre is our maiden programme involving the homeless, likewise the collaboration with Kaseh4U. We hope we have somewhat provided some joy and cheer to the underprivileged community, as it is only a small contribution,â said Muzafar Munzir, the Head of UMW Group Management Services.
SHAH ALAM, 17 Jun 2016 - UMW Community Champions, sukarelawan yang terdiri dari kakitangan UMW Corporation Sdn Bhd (UMW) baru-baru ini telah mengembara sejauh 450 ke Laloh, Kelantan untuk membahagikan Pek Ramadhan dan barang keperluan.
Laloh ialah sebuah kawasan di Kuala Krai yang terjejas teruk akibat bencana banjir yang melanda Kelantan dan negeri-negeri di pantai timur pada tahun 2014. Ramai penduduk Laloh masih bergelut untuk menyara hidup semenjak kediaman mereka musnah atau dihanyutkan air.
Seramai 20 orang sukarelawan UMW (UMW Community Champions) menaiki 10 buah kenderaan pacuan empat roda bersama pasukan Four Wheelers For Charity (4W4C) telah dilepaskan oleh Ketua Pengarah Operasi Kumpulan di ibu pejabat UMW di Shah Alam.
UMW Community Champions menggunakan Masjid Mukim Karangan Daerah Olak Jeram pada keesokan hari di mana mereka menyediakan Pek Ramadhan untuk dibahagikan kepada 116 keluarga miskin dan kurang berkemampuan dari Kampung Karangan Meranti, Kampung Karangan Baru, Kampung Karangan Lama and Kampung Sungai Benir. Sukarelawan UMW turut pergi ke rumah penduduk-penduduk yang keuzuran dan tidak dapat menghadirkan diri ke masjid.
Muzafar Munzir, Ketua Perkhidmatan Pengurusan Kumpulan UMW berkata, âKembara Ramadhan ini memberikan peluang untuk Community Champions UMW untuk melawat semula komuniti-komuniti di kawasan yang dilanda banjir di mana UMW turut terlibat dalam misi kemanusiaan pasca banjir pada awal tahun lepasâ.
Majlis berbuka puasa turut dijalankan bersama dengan penduduk kampung di masjid tersebut dan sukarelawan UMW bergotong-royong bersama ahli jawatankuasa Kampung Karangan dalam menyediakan pelbagai masakan Kelantan sebagai juadah berbuka. Adalah menjadi harapan UMW supaya Pek Ramadhan yang disumbangkan dapat sedikit sebanyak meringankan beban penduduk kampung dan membawa sedikit keriangan menjelang Aidilfitri.
SHAH ALAM, 17 June 2016 - UMW Community Champions, the staff volunteers of UMW Corporation Sdn Bhd (UMW), had made the 450-kilometre journey to Laloh, Kelantan to distribute âRamadhan Packsâ and household items last weekend.
Laloh is a small town in Kuala Krai severely affected by the catastrophic flood that ravaged the east coast in 2014 with Kelantan being the worst-hit state. Many of the villagers in Laloh are still struggling to make ends meet since their homes were damaged and washed away by the worst flood in history.
20 UMW Community Champions riding in ten Four Wheelers For Charity (4W4C)âs vehicles were flagged off by Azmin Che Yusoff, Group Chief Operating Officer at UMWâs head office in Shah Alam.
The volunteers set up a base at Masjid Mukim Karangan Daerah Olak Jeram the next day where they prepared the âRamadhan Packsâ for distribution to 116 underprivileged families from Kampung Karangan Meranti, Kampung Karangan Baru, Kampung Karangan Lama and Kampung Sungai Benir. The team then went off to distribute the âRamadhan Packsâ to houses of villagers who could not make it to the mosque.
Muzafar Munzir, Head of UMW Group Management Services said, âThis Kembara Ramadhan gave the opportunity for our Community Champions to revisit the communities in flood-hit Kuala Krai, where UMW had participated in the post-flood humanitarian mission early last yearâ.
A buka puasa event was also organised for the villagers at the local mosque and the Community Champions together with Kampung Karangan committee members prepared delicious Kelantanese feast for buka puasa. It is the companyâs hope that the âRamadhan Packsâ provided will help ease some of the burden of the villagers for this this coming Hari Raya celebration and brought joy to them.
UMW HOLDINGS BERHAD POSTS RM2.2 BILLION REVENUE FOR THE FIRST QUARTER OF 2016
SHAH ALAM, 24 May 2016 - UMW Holdings Berhad recorded revenue and profit before taxation of RM2,199.2 million and RM21.1 million respectively, for the quarter ended 31 March 2016. The Groupâs revenue and profit before taxation were 32.1% and 93.4% lower than the previous corresponding quarterâs results which stood at RM3,240.4 million and RM320.1 million respectively. The continued low oil prices, weak ringgit and soft market sentiment had adversely affected the Groupâs financial performance.
The Automotive segment recorded a revenue of RM1,556.0 million in the first quarter of 2016, RM449.6 million or 22.4% lower compared to the previous yearâs corresponding quarter. The segment continued to be negatively impacted by the weak ringgit and poor consumer sentiment. The segment closed the quarter with a lower profit before taxation of RM82.7 million.
The Equipment segment achieved a revenue and profit before taxation in the first quarter of 2016 of RM358.0 million and RM39.2 million respectively. The segmentâs revenue and profit before tax were lower by 45.2% and 60.5% compared to RM653.0 million and RM99.3 million, recorded in the corresponding period of 2015. The performance was largely affected by the weak market sentiment in the construction and mining sectors. The exceptionally better performance for the first quarter 2015 was due to forward purchases by customers prior to implementation of GST in April 2015 as well as higher demand for heavy equipment in Myanmar, following resumption of jade mining activities in Hpakant province in late 2014.
The Oil & Gas segment recorded revenue and loss before taxation in the current quarter of RM87.7 million and RM68.4 million respectively. The segmentâs poor performance was due to reduced time charter rates as well as soft demand for drilling services arising from continued low oil prices and reduced operating and capital expenditure from oil majors.
The Manufacturing & Engineering segment recorded RM145.5 million revenue and RM6.6 million profit before taxation in the current quarter. The revenue was 15.0% lower compared to the same quarter of 2015, due to lower demand for lubricants and auto components products. However, the profit before taxation improved over the corresponding quarter of 2015 mainly from the automotive shock absorbers business. Successful disposal of the loss-making automotive components companies in India in November 2015 had also contributed to the segmentâs better results.
The Group expects a challenging year ahead with the weakening ringgit, uncertainties surrounding oil prices, soft market sentiment and intense competition from other automotive players in the industry. âThe current gradual improvement in the oil prices provides prospects for potential recovery in the medium to long term but the near term volatility willl continue to pose challenges to the segment in 2016. However, the management will continue to implement cost cutting measures to mitigate the impact of the market volatility on the Group performance,â says Badrul Feisal bin Abdul Rahim, its President & Group CEO.
UMW HOLDINGS BERHAD CATAT HASIL RM2.2 BILION BAGI SUKU PERTAMA TAHUN 2016
SHAH ALAM, 24 Mei 2016 - UMW Holdings Berhad merekodkan hasil sebanyak RM2,199.2 juta dan keuntungan sebelum cukai sebanyak RM21.1 juta bagi suku berakhir 31 Mac 2016. Hasil dan keuntungan sebelum cukai ini adalah 32.1% dan 93.4% lebih rendah dari suku yang sama tahun lepas yang menunjukkan hasil dan keuntungan sebanyak RM3,240.4 juta dan RM320.1 juta masing-masing. Harga minyak rendah yang berterusan, penyusutan mata wang Ringgit berbanding Dolar Amerika dan sentimen pasaran yang lemah telah menjejaskan prestasi kewangan Kumpulan UMW.
Segmen automotif mencatatkan hasil sebanyak RM1,556.0 juta pada suku ini, RM449.6 juta atau 22.4% lebih rendah berbanding suku yang sama tahun lepas. Segmen ini terus terkesan dengan impak negatif oleh penyusutan mata wang Ringgit dan sentimen pengguna yang menurun. Segmen ini mengakhiri suku ini dengan keuntungan sebelum cukai yang lebih rendah sebanyak RM82.7 juta.
Segmen jentera mencapai hasil dan keuntungan sebelum cukai bagi suku pertama 2016 sebanyak RM358.0 juta dan RM39.2 juta masing-masing. Hasil dan keuntungan sebelum cukai adalah 45.2% dan 60.5% lebih rendah berbanding RM653.0 juta dan RM99.3 juta yang direkodkan dalam suku yang sama tahun 2015. Prestasi segmen ini banyak dijejaskan oleh sentimen pasaran yang lemah dalam sektor pembangunan dan perlombongan. Prestasi yang luar biasa pada suku pertama 2015 adalah disebabkan oleh pembelian hadapan oleh pelanggan sebelum pelaksanaan GST pada April 2015 serta permintaan yang tinggi untuk jentera berat di Myanmar berikutan penerusan aktiviti perlombongan batu jed di daerah Hpakant pada akhir tahun 2014.
Segmen minyak dan gas merekodkan hasil dan kerugian sebelum cukai pada suku pertama 2016 sebanyak RM87.7 juta dan RM68.4 juta masing-masing. Pencapaian yang kurang memuaskan ini disebabkan oleh kadar carter dan permintaan yang lebih rendah dalam servis penggerudian berikutan harga minyak rendah berterusan dan pengurangan perbelanjaan operasi dan modal oleh syarikat-syarikat gergasi minyak.
Segmen pembuatan dan kejuruteraan mencatat hasil sebanyak RM145.5 juta dan keuntungan sebelum cukai sebanyak RM6.6 juta pada suku ini. Penurunan hasil sebanyak 15% adalah disebabkan oleh permintaan yang rendah untuk minyak pelincir dan komponen kenderaan. Walaubagaimanapun, keuntungan sebelum cukai menunjukkan peningkatan berbanding suku yang sama tahun 2015 disebabkan oleh perniagaan penyerap kejutan kenderaan. Pelupusan syarikat-syarikat komponen kenderaan di India yang mencatatkan kerugian pada November 2015 telah menyumbang kepada keputusan segmen yang lebih baik.
Kumpulan UMW menjangkakan 2016 sebagai tahun yang mencabar dengan penyusutan ringgit, ketidaktentuan harga minyak, sentimen pasaran yang menurun dan saingan hebat dari syarikat-syarikat utama kenderaan dalam industri. Presiden dan Ketua Pengarah Eksekutif Kumpulan UMW, Encik Badrul Feisal bin Abdul Rahim berkata, âPeningkatan beransur harga minyak memberi prospek yang agak cerah dalam jangka masa panjang tetapi harga pasaran minyak semasa yang tidak menentu akan terus menjadi cabaran tahun ini bagi segmen ini. Bagaimanapun, pihak pengurusan akan terus melaksanakan langkah-langkah pengurangan kos supaya impak ketidaktentuan pasaran terhadap prestasi Kumpulan UMW dapat diringankanâ.
INAUGURAL KEMBARA MSAM-UMW SETS OFF TO VISIT VILLAGES AROUND TAPAH
TAPAH, 20 April 2016 - In conjunction with Malaysian Unit Trust Week (Minggu Saham Amanah Malaysia 2016), UMW Corporation Sdn Bhd has organised its inaugural Kembara MSAM-UMW 2016.
The 10-vehicle convoy ferrying 30 UMW Community Champions (volunteers) will be travelling to four villages and one Maahad Tahfiz located approximately 20 kilometres from Tapah town.
The ten four-wheel-drive vehicles were flagged off by Tan Sri Datoâ Sri Hamad Kama Piah bin Che Othman, President and Group Chief Executive of Permodalan Nasional Berhad and Encik Badrul Feisal bin Abdul Rahim, President and Group Chief Executive Officer of UMW Holdings Berhad.
Kembara MSAM-UMW will be reaching out to Kampung Menderang, Kampung Orang Asli Bukit Terang, Kampung Kinjang, Kampung Orang Asli Rancangan Penempatan Semua Jernang and Maahad Tahfiz Al-Quran Al-Iman, where about 540 families will benefit from the programme.
UMW Community Champions, which comprise SL1M trainees and UMW employees based in Shah Alam, will be distributing essential items like rice, cooking oil, flour and sugar to the villagers at their respective community centres. They will be going deep into the villages to personally deliver the items to those who are unable to be at the community centres due to illness or disability.
A gotong-royong will be held at Maahad Tahfiz Al-Quran Al-Iman where the volunteers and students will together clean up the tahfiz school.
This outreach programme is the seventh collaboration between UMW and Four Wheelers for Charity (4W4C) in an attempt to expand its community programmes.
Four Wheelers for Charity (4W4C) is a neutral and independent non-governmental organisation whose humanitarian missions exclusively use 4-wheel-drive vehicles to reach out to far-flung places to help the community.
This programme is part of UMWâs continuous support towards the underprivileged communities in the country under its community development pillar where UMW continues to champion many worthy causes under its three pillars, the other two being education and environment.
KEMBARA MSAM-UMW YANG PERTAMA MELAWAT KAMPUNG DI SEKITAR TAPAH
TAPAH, 20 April 2016 - Sempena Minggu Saham Amanah Malaysia 2016, UMW Corporation Sdn Bhd buat julung kalinya telah menganjurkan Kembara MSAM-UMW 2016.
Sepuluh buah konvoi kenderaan pacuan empat roda yang membawa 30 orang sukarelawan UMW (UMW Community Champions) akan mengembara ke empat buah kampung dan sebuah Maahad Tahfiz yang berada dalam lingkungan 20 kilometer radius dari pekan Tapah.
Konvoi kenderaan pacuan empat roda ini telah dilepaskan oleh Tan Sri Datoâ Sri Hamad Kama Piah bin Che Othman, Presiden dan Ketua Pegawai Eksekutif Kumpulan Permodalan Nasional Berhad dan Encik Badrul Feisal bin Abdul Rahim, Presiden dan Ketua Pegawai Eksekutif Kumpulan UMW Holdings Berhad.
Kembara MSAM-UMW akan melawat Kampung Menderang, Kampung Orang Asli Bukit Terang, Kampung Kinjang, Kampung Orang Asli Rancangan Penempatan Semua Jernang dan Maahad Tahfiz Al-Quran Al-Iman, di mana lebih kurang 540 keluarga akan mendapat manfaat dari program ini.
Sukarelawan UMW (UMW Community Champions) yang terdiri dari pelatih-pelatih SL1M dan pekerja-pekerja UMW dari Shah Alam akan mengagihkan barang keperluan harian seperti beras, minyak masak, gandum dan gula ke pusat-pusat komuniti kampung-kampung tersebut. Mereka juga akan turut pergi ke pelusuk kampung dan menghantar barang keperluan kepada mereka yang tidak dapat hadir ke pusat komuniti disebabkan keuzuran atau kurang keupayaan.
Satu gotong-royong akan diadakan di Maahad Tahfiz Al-Quran Al-Iman di mana para sukarelawan dan pelajar maahad tersebut akan bersama-sama membersihkan persekitaran sekolah tahfiz itu.
Kembara MSAM-UMW ini adalah kolaborasi ketujuh UMW dengan Four Wheelers for Charity (4W4C) dalam usaha untuk meluaskan program-program khidmat masyarakat seperti ini.
Four Wheelers for Charity (4W4C) ialah sebuah pertubuhan bukan kerajaan yang menjalankan misi-misi kemanusiaan menggunakan kenderaan pacuan empat roda untuk pergi ke kawasan-kawasan pedalaman untuk membantu masyarakat yang memerlukan.
Program ini adalah sebahagian dari sokongan berterusan UMW terhadap komuniti yang kurang bernasib baik di negara ini di bawah tunggak pembangunan komuniti di mana UMW terus melaksanakan pelbagai usaha murni di bawah tiga tunggak, dua lagi adalah tunggak pendidikan dan tunggak alam sekitar.
SHAH ALAM, 29 March 2016 - UMW Equipment Sdn. Bhd., a wholly-owned subsidiary of the UMW Group, today officially launched the WB93R-5E0 Komatsu Backhoe Loader, SK815-5E0 Skid Steer Loader and PC55MR-3 Compact Hydraulic Excavator to the Malaysian market.
The new products were officially launched by Mr. Lee Chin Min, President, Equipment Division, UMW Corporation Sdn. Bhd. and Mr. Hisashi Shinozuka, President, Construction & Mining Equipment Marketing Division of Komatsu Ltd. at the UMW Complex in Shah Alam.
Mr. Lee Chin Min in his speech said Komatsuâs policy is to maintain and enhance its tradition of âQuality and Reliabilityâ. In this respect, he assured that Komatsu Backhoe Loaders, Skid Steer Loaders and Compact Hydraulic Excavators will provide the highest level of reliability, performance and durability required by its customers.
Komatsu Backhoe Loaders, Skid Steer Loaders and Compact Hydraulic Excavators, produced by Komatsu Italia Manufacturing S.p.A and Komatsu Ltd., are state-of-the-art machines equipped with functions and features designed for speed, better turnaround and with high standards of safety and comfort.
âThe Komatsu backhoe loader has the highest horsepower in its class, the highest breakout force and the best lifting capacity. Its performance is akin to the Greek ancient hero, Hercules,â quips Mr Lee.
With these three new products launched today, UMW is now able to offer the full range of Komatsu construction and mining equipment to the Malaysian market.
âThe three new products have solid track records of successful application for urban civil engineering work in Japan and European countries. I am confident that the products will demonstrate their strengths in UMW markets,â says Mr Hisashi Shinozuka while emphasising on Komatsuâs commitment in delivering quality products and services.
Komatsu construction and mining equipment have featured prominently in Malaysiaâs major projects such as the North-South Highway, East Coast Highway, Sungai Selangor Dam, Bintulu Airport, Kuala Lumpur International Airport, infrastructure development works for the Bakun Hydroelectric Dam, Electrified Double Track and PETRONAS RAPID Project.
UMW Equipment Division which represents Komatsu Ltd. as its exclusive distributor covers the territories of Malaysia, Singapore, Brunei, Papua New Guinea and Republic of the Union of Myanmar with leadership positioning.
UMWâs alliance with Komatsu stretches back to 1965. This partnership has withstood the numerous changes and challenges over five decades and is attributed to the common objective of Komatsu and UMW of producing and marketing a brand name that is synonymous with customer satisfaction.
SHAH ALAM, 29 Mac 2016 - UMW Equipment Sdn. Bhd., anak syarikat Kumpulan UMW, hari ini melancarkan Komatsu Backhoe Loader WB93R-5EO, Skid Steer Loader SK815-5EO dan Compact Hydraulic Excavator PC55MR-3 untuk pasaran tempatan.
Jentera-jentera baru ini dilancarkan oleh Lee Chin Min, Presiden Bahagian Jentera UMW dan Hisashi Shinozuka, Presiden Bahagian Pemasaran Jentera Pembinaan & Pelombongan Komatsu Ltd. di Kompleks UMW di Shah Alam.
Lee Chin Min berkata adalah polisi Komatsu untuk memelihara dan mempertingkatkan tradisi âQuality and Reliabilityâ. Beliau menekanan bahawa jentera-jentera ini akan memberi keandalan, prestasi dan ketahanan pada tahap tertinggi.
Komatsu Backhoe Loaders, Skid Steer Loaders dan Compact Hydraulic Excavators yang dikeluarkan oleh Komatsu Italia Manufacturing S.p.A dan Komatsu Ltd. adalah jentera-jentera terkini dengan fungsi dan ciri-ciri yang direka untuk kelajuan, masa pusing balik dengan piawaian yang tinggi dari segi aspek keselamatan dan keselesaan.
âKomatsu Backhoe Loader ini mempunya kuasa kuda paling tinggi dalam kelasnya, daya pecah keluar tertinggi dan keupayaan angkutan terbaik dan kekuatannya umpama Herculesâ, kata Lee Chin Min lagi.
Dengan pelancaran tiga jentera ini, UMW berupaya untuk menawarkan pelbagai jenis jentera pembinaan dan perlombongan dalam pasaran Malaysia.
âKetiga-tiga jentera baru ini mempunyai rekod prestasi cemerlang dalam kerja-kerja kejuruteraan awam bandar di Jepun dan negara-negara Eropah. Saya yakin jentera-jentera ini akan mempamerkan kebolehan mereka dalam pasaran-pasaran UMWâ, kata Hirashi Shinozuka sambil menekankan komitmen Komatsu dalam memberikan produk dan servis yang berkualiti.
Penglibatan jentera pembinaan dan perlombongan Komatsu adalah ketara dalam projek-projek mega di Malaysia seperti Lebuhraya Utara-Selatan, Lebuhraya Pantai Timur, Empangan Sungai Selangor, Lapangan Terbang Bintulu, Lapangan Terbang Antarabangsa Kuala Lumpur, kerja-kerja pembinaan infrastruktur untuk Empangan Hidroelektrik, Landasan Berkembar Elektrik dan Projek RAPID Petronas.
Bahagian Jentera UMW yang mewakili Komatsu Ltd. sebagai pengedar eksklusif mendahului pasaran yang merangkumi Malaysia, Singapura, Brunei, Papua New Guinea dan Myanmar.
Usaha sama yang terjalin antara UMW dan Komatsu sejak tahun 1965 ini telah berjaya merintangi pelbagai cabaran dan perubahan dan kejayaan ini adalah hasil daripada perkongsian objektif yang sama oleh Komatsu dan UMW dalam mengeluarkan dan memasarkan jenama yang sinonim dengan kepuasan pengguna.
UMW HOLDINGS BERHAD CATAT PENINGKATAN PRESTASI DALAM SEGMEN AUTOMOTIF BAGI SUKU TERAKHIR TAHUN 2015; BAYAR DIVIDEN 10 SEN
SHAH ALAM, 25 February 2016 - Hasil UMW Holdings Berhad sebanyak RM4,160.9 juta bagi suku keempat berakhir 31 December 2015 menunjukkan kenaikan 13.1% dari hasil yang dicatat dalam suku yang sama tahun 2014. Peningkatan prestasi segment automotif sebanyak 31.8% menyumbang kepada hasil yang lebih tinggi.
Kumpulan UMW merekodkan kerugian sebelum cukai sebanyak RM334.3 juta pada suku ini walaupun mencatat kenaikan hasil. Kerugian sebelum cukai ini disebabkan oleh susut nilai aset dan hapus kira aset tidak ketara dalam segmen minyak dan gas bagi suku ini serta penyusutan mata wang Ringgit berbanding Dolar Amerika ("USD").
Susut nilai asset dan hapus kira asset tidak ketara dalam segmen minyak dan gas telah memberikan impak negatif terhadap keputusan kumpulan bagi suku ini sebanyak RM337.7 juta. Penyusutan ringgit juga telah mengakibatkan kenaikan kos operasi sebanyak lebih dari RM300.0 juta pada suku ini.
Segmen automotif mencatatkan hasil yang lebih tinggi sebanyak RM814.1 juta pada suku keempat 2015 berbanding dengan suku yang sama tahun 2014. Hasil yang lebih tinggi ini adalah disebabkan oleh sambutan positif terhadap kempen jualan akhir tahun yang agresif bersama dengan harga kereta yang dijangka meningkat pada tahun 2016.
Walaubagaimanapun, segmen ini telah merekodkan keuntungan sebelum cukai yang lebih rendah sebanyak RM247.9 juta pada suku ini berbanding RM316.2 juta pada suku yang sama tahun 2014. Segmen ini telah dijejaskan oleh kelemahan ringgit berbanding USD.
Segmen jentera mencatat hasil dan keuntungan sebelum cukai bagi suku keempat 2015 yang lebih rendah berbanding prestasi pada suku yang sama tahun 2014. Keputusan suku keempat 2014 adalah menggalakkan ekoran dari permintaan yang tinggi untuk jentera berat di Myanmar berikutan penerusan aktiviti perlombongan batu jed pada September 2014. Permintaan kembali ke paras normal pada tahun 2015.
Hasil segmen minyak dan gas pada suku keempat 2015 sebanyak RM131.0 juta adalah 59.9% lebih rendah dari suku yang sama tahun lepas yang mencatatkan hasil sebanyak RM326.2 juta. Pengurangan hasil ini adalah disebabkan oleh kadar carter dan penggunaan rig yang lebih rendah pada suku ini.
Kerugian sebelum cukai segmen minyak dan gas sebanyak RM411.3 juta pada suku ini adalah impak dari susut nilai aset dan hapus kira aset tidak ketara sebanyak RM337.7 juta dan kos menanggung tempoh tidak beroperasi beroperasi yang disebabkan oleh kelembapan pasaran minyak dan gas. Segmen ini mencatat kerugian sebanyak RM73.6 juta sebelum peruntukan hapus kira aset.
Segmen pembuatan dan kejuruteraan mencatat hasil 4.8% lebih tinggi pada suku keempat 2015 berbanding suku yang sama tahun 2014. Peningkatan permintaan untuk pelincir dan menyumbang kepada hasil yang lebih tinggi.
Sejajar dengan peningkatan hasil, keuntungan sebelum cukai adalah lebih baik pada suku yang sama. Kejayaan penjualan syarikat-syarikat komponen automotif di India yang mencatatkan kerugian pada November 2015 telah menyumbang kepada keputusan segmen yang lebih baik.
Presiden dan Ketua Pengarah Eksekutif Kumpulan UMW, Encik Badrul Feisal bin Abdul Rahim berkata, "Tahun 2015 adalah tahun yang amat mencabar buat Kumpulan UMW. Banyak faktor luaran yang negatif menimpa kami dalam jangka waktu yang sama. Bagaimanapun, di sebalik semua cabaran ini, kumpulan UMW telah menandatangani perjanjian selama 25 tahun dengan opsyen sambungan 5 tahun oleh syarikat Rolls-Royce untuk membuat dan memasang selongsong kipas untuk enjin jet Rolls-Royce Trent 1000. Kami ingin meletakkan kedudukan kami dalam bidang pembuatan bernilai tinggi (high value manufacturing). Kami percaya projek selongsong kipas ini akan membolehkan UMW mengukuhkan keupayaan kejuruteraan kami dan membina platform yang teguh dalam penjanaan nilai masa depan kumpulan".
Lembaga Pengarah telah mengisytiharkan dividen interim satu peringkat sebanyak 20% atau 10.0 sen bagi setiap syer RM0.50, menjadikan dividen bersih perlu dibayar hampir RM116.8 juta (2014 - 32% atau 16.0 sen bagi setiap syer RM0.50 sebanyak RM186.9 juta) bagi tahun berakhir 31 Disember 2015 yang akan dibayar pada 23 Mac 2016.
Jumlah keseluruhan dividen satu peringkat bagi tahun kewangan berakhir 31 Disember 2015 adalah 40% atau 20.0 sen bagi setiap syer RM0.50, menjadikan jumlah dividen bersih hampir RM233.7 juta (2014 - 82% atau 41.0 sen bagi setiap syer RM0.50, menjadikan jumlah dividen bersih RM479.0 juta).
UMW HOLDINGS BERHAD RECORDS IMPROVED PERFORMANCE FROM AUTOMOTIVE SEGMENT IN THE FOURTH QUARTER OF 2015; PAYS 10 SEN DIVIDEND
SHAH ALAM, 25 February 2016 - UMW Holdings Berhad's revenue of RM4,160.9 million recorded in the quarter ended 31 December 2015 was 13.1% higher than the revenue recorded in the same quarter of 2014. The improved performance from the automotive segment by 31.8% contributed to the higher revenue.
The Group recorded a loss before taxation of RM334.3 million in the current quarter despite the higher revenue recorded. The loss before taxation was attributable to assets impairment in the Oil & Gas segment provided in the current quarter, as well as the weakening of ringgit against US dollar ("USD").
The asset and goodwill impairment in the Oil & Gas segment had negatively impacted the Group's results for the quarter by RM337.7 million. The weakening ringgit had also resulted in a higher cost of sales of more than RM300.0 million for the quarter.
The Automotive segment recorded a higher revenue by RM814.1 million in the fourth quarter of 2015 compared to the previous year's corresponding quarter. The higher revenue was due to positive response towards aggressive year-end sales campaigns coupled with the anticipated vehicle price increase in 2016. Nevertheless, the segment registered a lower profit before taxation of RM247.9 million for the quarter against RM316.2 million in the same quarter of 2014. The segment was adversely affected by the depreciating ringgit against the USD.
The Equipment segment's revenue and profit before taxation in the fourth quarter of 2015 was lower than the performance in the same period of 2014. Fourth quarter 2014 performance was boosted by higher demand of heavy equipment in Myanmar following the resumption of jade mining activities in September 2014. The demand was subsequently normalised in 2015.
The Oil & Gas segment's revenue in the current quarter of RM131.0 million was 59.9% lower than the previous year's corresponding quarter of RM326.2 million. Lower revenue was due to lower time charter rates and lower utilisation of some of the assets during the quarter. The segment recorded a loss before taxation of RM411.3 million for the fourth quarter, after taking into account asset and goodwill impairment amounting to RM337.7 million for the period.
The loss before taxation was also attributable to costs incurred during the non-operational period when assets were not fully contracted as a result of the sluggish oil and gas market. The segment recorded a loss before taxation of RM73.6 million before provisioning for asset and goodwill impairment.
The Manufacturing & Engineering segment recorded 4.8% higher revenue in the current quarter compared to the same quarter of 2014 due to higher demand for lubricants and absorbers. In line with the higher revenue, profit before taxation also improved over the corresponding quarter of 2014. Successful disposal of the loss-making automotive components companies in India in November 2015 had also attributed to the segment's better results.
"2015 was a very challenging year for the UMW Group. Many negative external factors descending upon us at the same time, mainly the sluggish oil & gas market and the depreciating ringgit against USD, had adversely impacted the performance of the Group resulting in the significant drop in profitability. Despite that, we also had a major significant event last year. The UMW Group was awarded a 25+5 year contract by Rolls-Royce to manufacture and assemble fan cases for its Trent 1000 aero engines. We are positioning ourselves into the field of High Value Manufacturing. We believe that the fan case project will enable UMW to strengthen its engineering capabilities and establish a strong platform for delivering future value creation for the Group," says Badrul Feisal bin Abdul Rahim, its President & Group CEO.
The Board declared an interim single-tier dividend of 20% or 10.0 sen per share of RM0.50 each, amounting to a net dividend payable of approximately RM116.8 million (2014 - 32% or 16.0 sen per share of RM0.50 each, amounting RM186.9 million) for the year ended 31st December 2015, to be paid on 23rd March 2016.
The total single-tier dividend for the financial year ended 31st December 2015 would be 40% or 20.0 sen per share of RM0.50 each, amounting to a net dividend of approximately RM233.7 million (2014 - 82% or 41.0 sen per share of RM0.50 each, amounting to a net dividend of RM479.0 million).
UMW AEROSPACE ON COURSE TO DELIVER FIRST UNIT OF TRENT 1000 FAN CASE
SHAH ALAM, 18 February 2016 - UMW Aerospace has signed a 25-year agreement with an option for a 5-year extension with Rolls-Royce Plc in August 2015, to manufacture and assemble fan cases for Rolls-Royce's aero engines. Further to this agreement, UMW Aerospace Sdn. Bhd. has identified 30 acres of UMW land in Serendah, Selangor for the construction of its manufacturing plant to produce fan cases for Rolls-Royce's Trent 1000 and Trent 7000 aero engines. This facility shall act as the anchor tenant to UMW's proposed Aerospace Hard Metal Manufacturing Park in Serendah.
UMW Aerospace has secured the required manufacturing license from Malaysian Investment Development Authority (MIDA) to start the production activity. The earthwork on site is progressing as planned and UMW is currently on course to deliver its first unit of Trent 1000 fan case aero engines to Rolls Royce's assembly facility in Seletar Aerospace Park, Singapore upon receipt of the first purchase order targeted for October 2017. The Trent 1000 engines power the Boeing 787 Dreamliner.
Rolls-Royce's strategy to create a world-class, competitive global supply chain in the region coincides perfectly with Malaysia's plans to establish a strong aerospace industry, as envisaged by the National Aerospace Blueprint 2016-2030. The deal includes a manufacturing know-how and technology sharing programme with Rolls-Royce engineering team in the United Kingdom.
To boost its capabilities, UMW will build a pre-production and technology development centre adjacent to UMW's fan case manufacturing facility in Serendah, Selangor. The pre-production facility will support UMW's innovation objectives by exploring future manufacturing processes and automation technologies.
"Despite the current unfavourable economic conditions, we are positioning ourselves into the field of High Value Manufacturing. We believe that the fan case project will enable UMW to strengthen its engineering capabilities and establish a strong platform for delivering future value creation for the Group", said Badrul Feisal Abdul Rahim, President & Group CEO, UMW Holdings Berhad.
UMW Aerospace, the first Malaysian-based company to become a Tier 1 supplier to Roll-Royce, will also manufacture the Trent 7000 fan case upon the commencement of the program. Trent 7000 is the seventh generation of the market-leading Trent family of civil large engines and is the exclusive engine for the Airbus A330neo.
RAWANG, 31 Januari 2016 - UMW Holdings Berhad (UMW) telah menyerahkan cek bernilai RM333,333.33 kepada Professional Golf of Malaysia (PGM) setelah berakhirnya Kejohanan Golf PGM-UMW Pro-Am di Templer Park Country Club yang menyaksikan penyertaan lebih dari 80 orang pemain golf profesional, korporat, agensi-agensi kerajaan dan wakil media.
UMW mula menaja Kejohanan Golf PGM-UMW dari tahun 2011 sebanyak RM1 juta ringgit yang dibayar secara berkala sehingga tahun 2013. Penajaan itu disambung selama tiga tahun lagi bermula dari tahun 2014 sehingga tahun ini dengan jumlah yang sama di mana UMW menyerahkan cek sebanyak RM333,333.33 setiap tahun.
Penajaan ini adalah salah satu sumbangan UMW sebagai sebuah badan korporat yang memainkan peranan mendukung aspirasi kerajaan dalam usaha menjadikan Malaysia sebuah negara bersukan. Bertitik tolak dari penajaan UMW, PGM Tour semakin berkembang dan telah melihat kemunculan beberapa bakat baru dalam arena sukan golf.
UMW WRAPS UP 2015 CSR ACTIVITIES WITH THREE BACK TO SCHOOL PROGRAMME
SHAH ALAM, 23 December 2015 â UMW has visited three different states in November and December for its Back to School programme, the last of its CSR programmes for the year.
600 students from Dabong, Kelantan; Gopeng, Perak; and Ulu Tembeling, Pahang were provided with basic school necessities for the coming school year, as part of the Back to School programme for the underprivileged community. Amongst the items distributed were school uniforms, school shoes, socks, backpacks and stationeries.
UMW Back to School programme was held on 20 - 22 November in Dabong, Kelantan, 11 - 13 December in Gopeng, Perak and 18 - 20 December in Ulu Tembeling, Pahang. The majority of the recipients were victims of the flood disaster in late 2014.
More than 60 UMW volunteers (UMW Community Champions) participated in the Back to School programme and besides the opportunity to give back to society, they also gained valuable insights into the lives of the less fortunate.
As the locations of the recipients were not accessible by regular vehicles, UMW collaborated with Four Wheelers for Charity (4W4C) to assist in transporting the school items and volunteers by using 4WD vehicles to reach these rural areas. The collaboration with 4W4C is part of UMW's CSR strategy to expand its community reach.
This programme is part of UMWâs continuous effort to support the community which is one of its three pillars; community, education and environment.
UMW NAMED ONE OF THE BEST COMPANIES TO WORK FOR IN ASIA
KUALA LUMPUR, 26 November 2015 â UMW Corporation Sdn. Bhd. has been named one of the Best Companies to Work for in Asia for the second consecutive year by HR Asia, Asiaâs largest circulating publication for senior HR professionals. The event was jointly organised with its knowledge partner, MERCER.
The award was received by Juliah Nik Jaafar, UMWâs Executive Director of Group Human Resource at the Intercontinental Hotel, Kuala Lumpur. It was jointly presented by Datuk Dr. Abu Bakar bin Mohamad Diah, Deputy Minister of Science, Technology & Innovation and Datoâ William Ng, Group Editor-In-Chief of Business Media International, the publisher of HR Asia.
"This is one of the most scientific and extensive surveys on employee engagement and workplace practices in this region. Through the survey, HR Asia has discovered that many of these companies - both local and international - have workplace practices that are on par with the best in the world," said Dato' William Ng.
The HR Asia Best Companies To Work For In Asia Award is more than just an award. It seeks to identify and reveal the best practices in the workplace and complements the companiesâ current HR initiatives, employee surveys and feedback mechanism providing a truly independent view on how they are performing as employers.
Online surveys were conducted amongst UMWâs eligible employees who met the selection requirements prior to the awards ceremony, followed by a site audit on 30 September 2015 which included a management presentation by Juliah Nik Jaafar, as well as inspection of supporting documentation.
UMW HOLDINGS BERHAD REGISTERS RM72 MILLION PROFIT BEFORE TAX FOR THE THIRD QUARTER OF 2015
SHAH ALAM, 26 November 2015 â UMW Holdings Berhad recorded revenue of RM3,533.2 million for the third quarter ended 30th September 2015, 4.6% lower than the RM3,702.5 million recorded in the same quarter of 2014, mainly due to lower performance of the Automotive and Oil & Gas segments.
In line with the lower revenue, the Group generated a lower profit before taxation of RM72.2 million against RM430.3 million in the previous yearâs corresponding quarter. Higher operating cost arising from the current economic situations has impacted the Groupâs profitability. Consequently, lower net profit attributable to equity holders of the Company of RM13.5 million for the third quarter ended 30th September 2015 was recorded against RM197.0 million of the previous yearâs corresponding quarter.
The Automotive segment recorded a lower revenue of RM2,596.1 million for the third quarter of 2015 compared to RM2,643.4 million registered in the previous yearâs corresponding quarter. The lower revenue was mainly due to the stiff competition following new model launches by other players in the market and weak consumer sentiments.
Consequently, the segment registered a lower profit before taxation of RM113.4 million for the quarter against RM343.9 million in the same quarter of last year. The weakening of ringgit and higher campaign and promotion expenses had affected the current quarterâs profit for the segment.
Equipment segment recorded a higher revenue of RM474.8 million for the third quarter of 2015, 9.2% in excess of RM434.8 million recorded in the same period of 2014. The increase was contributed mostly by the heavy equipment sub-segment attributable to the higher demand for equipment, parts and services especially from our business in Myanmar and Papua New Guinea. In tandem with the higher revenue, the segment reported higher profit before taxation of RM64.4 million against RM44.4 million recorded in the previous yearâs corresponding quarter.
The Oil & Gas segmentâs revenue of RM212.7 million for the current quarter was 16.4% lower than the previous yearâs corresponding quarter of RM254.3 million.
The reduction in revenue was due to lower time charter rates and lower utilisation of some of the rigs in the third quarter of 2015. However, this was mitigated by additional full quarter revenue from the new rig which commenced operation in October 2014.
Profit before taxation for the segment reduced from RM75.8 million in the third quarter of 2014 to RM11.5 million in the current quarter, parallel with the reduction in revenue. The profit was further weighed down by the additional operating expenses from the new offshore premium jack-up rig, UMW NAGA 7 which has not secured any contract during the reporting period.
Manufacturing & Engineering segment recorded a slight improvement in revenue and profit before taxation for the current quarter of RM3.6 million and RM2.2 million, respectively. The slight improvement was attributable by an improvement in the lubricant business as well as cost cutting measures undertaken by companies within the segment. Higher forex gain from retranslation of the foreign currency denominated balances also contributed to the improved gain.
UMW GRANTT INTERNATIONAL SPONSORS BORNEO SAFARI SABAH
KOTA KINABALU, 25 October 2015 â UMW Grantt International Sdn. Bhd., the distributor of GRANTT lubricants, has joined South East Asiaâs biggest extreme off-road event, Borneo Safari International Off Road Challenge (Borneo Safari) as the Platinum Sponsor.
GRANTT's full range of lubricants include Passenger Car Motor Oil (PCMO), Motorcycle Oil (MCO), Diesel Engine Oil (DEO), Auto Transmission Fluid (ATF) and Industrial Oil.
To commemorate this maiden partnership with Borneo Safari, UMW Grantt International has introduced a special limited edition product, the GRANTT Quasar Diesel Engine Oil 15W40 â CI 4 (7-litre pack). The company is confident that GRANTT will deliver excellent engine performance and protection in tough off-road driving conditions and this 1000km, 8-day challenge is a great platform to showcase its lubricant technology.
Quasar Diesel Engine Oil by GRANTT is formulated with advanced American Lubricant Technology to deliver excellent engine performance and to protect engine wear, build up, corrosion and overheating even in the toughest driving conditions. It meets the latest lubrication technology for low emission engine fitted with Exhaust Gas Recirculation (EGR). The Borneo Safari corporate vehicles are powered by GRANTT Quasar Diesel Engine.
This year marks the 25th edition of the annual Borneo Safari. 300 four-wheel-drive vehicles were flagged off by YAB Datuk Seri Musa Aman, the Chief Minister of Sabah at Sabah Tourism Board office.
"We are honoured and excited to be part of the 25th Borneo Safari International Off Road Challenge, South East Asia's biggest extreme off-road event. We are confident that GRANTT Quasar SAE 15W-40 will deliver excellent engine performance and make a difference in this year's expedition. We are also pleased to see the participation of our Sabah and Sarawak distributors in this event", said Mohd Fariz bin Mohd Zain, General Manager, UMW Grantt International Sdn. Bhd.
The Borneo Safari is not just about an expedition, it also aims to help the less fortunate members of our society. Borneo Safariâs charity drive this year focuses on villagers of Kampung Kolorok, Tenom where free basic medical check-ups and treatments will be provided. The participants will also be building world-standard steel goalposts at the football field in the village.
To celebrate its inaugural partnership with Borneo Safari, an exclusive limited edition GRANTT multi-purpose knife will be offered to customers purchasing GRANTT Quasar Diesel Engine Oil throughout the months of October and November.
KUALA LIPIS, 16 October 2015 â UMW once again ventured into the woods to reach out to the community in need at Kampung Orang Asli Pos Titom, Pahang. The outreach programme aimed to provide medical support to the orang asli community and educate orang asli children on the importance of hygiene.
The outreach programme was the second collaboration between UMW Corporation Sdn. Bhd. and Four Wheelers for Charity (4W4C) in an attempt to expand its community programmes to reach areas with limited access due to geographical locations. Two other organisations, Pusrawi International Collage of Medical Sciences (PICOMS) and Cooking for Homeless also participated in the programme.
The team of 12-vehicle convoy ferrying the volunteers had to travel for more than 3 hours off-road in order to reach the base camp. During the first part of the programme, UMW's Community Champions (volunteers) and other volunteers had to hike for half an hour to reach the orang asli village. The volunteers then made door-to-door visits to provide basic medical support and check-ups to those in need, giving more focus on children and the elderly.
The mobile clinic continued its services at night as they set up a booth in the community's school with the intention to reach out to as many residents as possible. The volunteers also held a 'kenduri' and organised 'wayang pacak' to attract the residents to the venue.
Four Wheelers for Charity (4W4C) is a neutral and independent non-governmental organisation whose humanitarian missions exclusively use 4-wheel-drive vehicles to reach out to far-flung places to help the community.
This programme is part of UMW's continuous effort to support the community which is one of its three pillars; community, education and environment.
UMW HOLDINGS BERHAD REGISTERS RM207.6 MILLION PROFIT BEFORE TAX FOR THE SECOND QUARTER OF 2015
SHAH ALAM, 26 August 2015 â UMW Holdings Berhad recorded revenue of RM3,485.3 million for the second quarter ended 30th June 2015, RM481.5 million or 12.1% lower that the RM3,966.8 million recorded in the same period of 2014. All business segments recorded lower revenue compared to the previous yearâs corresponding quarter.
In line with the lower revenue, the Group generated lower profit before taxation of RM207.6 million against RM422.1 million in the previous yearâs corresponding quarter. Consequently, the Group recorded net profit attributable to equity holders of the Company for the second quarter ended 30th June 2015 of RM68.4 million against RM142.0 million recorded in the previous yearâs corresponding quarter.
The Automotive segment recorded revenue of RM2,732.7 million for the second quarter of 2015 compared to RM2,904.4 million registered in the previous yearâs corresponding quarter. Toyotaâs core vehicle models faced stiff competition from the new model launches by other players in the market.
Consequently, the segment registered a lower profit before taxation of RM263.4 million for the quarter. The weakening of Ringgit Malaysia has also affected the profit for the segment unfavourably.
Equipment segmentâs revenue of RM353.6 million for the second quarter of 2015 was RM100.2 million or 22.1% lower than RM453.8 million recorded in the same period of 2014. Both heavy and industrial equipment sub-segments recorded lower revenue in the current quarter, attributable to the slower construction and mining sectors.
Consequently, profit before taxation for the Equipment segment decreased to RM33.7 million from RM55.1 million recorded in the previous yearâs corresponding quarter.
The Oil & Gas segmentâs revenue of RM183.4 million for current quarter was 23.2% or RM55.4 million lower than the previous yearâs corresponding quarter of RM238.8 million.
The reduction in revenue was the result of lower charter rates and lower utilisation of some of our assets in the second quarter of 2015.
The lower revenue was mitigated by â
additional revenue contributions from our new assets, UMW GAIT 6, a hydraulic workover unit and UMW NAGA 6, a jack-up rig, which commenced operations in August 2014 and October 2014, respectively; and
translation gains from the appreciation of US Dollar against Ringgit Malaysia.
Hence, profit before taxation of RM8.0 million recorded for the current quarter was lower compared to RM66.2 million reported in the previous yearâs corresponding quarter. The decrease in profit performance was mainly due to the lower revenue and the additional operating expenses from UMW NAGA 7 which has yet to secure a contract.
Manufacturing & Engineering segment recorded lower revenue and profit before taxation for the current quarter of RM165.4 million and RM0.4 million respectively. The lower contribution was attributed to lower sales by the auto component manufacturers especially for 4-wheeler products.
The Board has declared an interim single-tier dividend of 20% or 10 sen (2014 - 20% or 10 sen) per share of RM0.50 each amounting to a net dividend payable of approximately RM116.8 million (2014 â RM116.8 million) for the year ending 31 December 2015, to be paid on 8 October 2015.
UMW SIGNS LONG-TERM MANUFACTURING CONTRACT WITH ROLLS-ROYCE
FOR AERO ENGINE FAN CASES
MALAYSIA, PUTRAJAYA, 12 August 2015 â UMW M&E Sdn. Bhd. and its wholly-owned subsidiary, UMW Aerospace Sdn. Bhd. have signed a 25 year agreement with Rolls-Royce Plc to manufacture and assemble fan cases for Rolls-Royceâs Trent 1000 aero engines.
The deal is part of Rolls-Royceâs strategy to create a world-class, competitive global supply chain that is closer to customers in growth regions. In 2012, Rolls-Royce opened a 65,000 sq metre facility at the Seletar Aerospace Park in Singapore. That facility manufactures fan blades and assembles and tests Rolls-Royce engines including the Trent 1000. Fan cases made under this agreement will be delivered to this facility.
Rolls-Royce has been developing Southeast Asia as a supply hub over a number of years and this agreement is the result of Rolls-Royceâs commitment to the region and demonstrates the positive impact the Seletar facility has made on growth in aerospace capability in Malaysia and the rest of the region.
The agreement was signed by Mark Prockter, Rolls-Royce, Supply Chain Development Executive, Compressor Components and Megat Shahrul Azmir, Executive Director, UMW Manufacturing & Engineering Division, in the presence of Y.A.B. Datoâ Sri Mohd Najib bin Tun Haji Abdul Razak, the Prime Minister of Malaysia.
UMWâs expansion into the aviation industry is a significant step for the conglomerate and it will be the first company in Malaysia to become a Tier 1 supplier to Rolls-Royce. Aircraft manufacturers require strong lean manufacturing competency in order to handle increasing volumes of production and UMW has existing capabilities that can be adapted to the aerospace industry.
The fan case project will also allow UMW to migrate from labour intensive manufacturing to high value manufacturing. It will also see UMW reposition its core competencies, embarking upon precision machining and assembly of crucial aerospace components. As part of establishing capability, UMW will put in place a pre-production and technology development centre that will work on future manufacturing technologies to drive competitiveness and increased manufacturing capability, such as automation and machining technology. An engine fan case consists of approximately 4,000 components and it is one of the largest part of the engine.
The deal also represents a significant success for Malaysiaâs plans to establish a strong aerospace industry, as envisaged by the national Aerospace Blueprint 2016-2030. Component manufacturing is one of the four key Aerospace areas that the Government of Malaysia has identified as being key to driving the growth of the industry and bringing social wellbeing to the country, under the Economic Transformation Programme.
The Trent 1000 powers the Boeing 787 Dreamliner and the engine has reached over a million flying hours since entry into service in October 2011. Rolls-Royce powered the very first Boeing 787 test flight in December 2009; the first 787-8 to enter service in October 2011, with All Nippon Airlines of Japan; and the first 787-9 to enter service, in 2014 with Air New Zealand. In the last five years the Trent 1000 has been selected in more than 60 per cent of engine competitions for the aircraft.
"The UMW team, as you can imagine, is greatly excited by the enormous prospects that this project offers. It heralds an exciting new chapter for the UMW Group. Our relationship with Rolls-Royce will commence with a 25 year contract to manufacture fan cases for Rolls-Royceâs Trent 1000 aero engines. The UMW Groupâs prime intention would be to establish Malaysia as a formidable aerospace engine parts manufacturing force in the region", said Tan Sri Asmat bin Kamaludin, UMW Holdings Berhad Group Chairman.
Tony Wood, Rolls-Royce, President â Aerospace said: "Rolls-Royce has embarked upon a multi-year transformation of our industrial base, creating a world-class, competitive global supply chain. With its commitment to creating a successful Aerospace industry, Malaysia was an ideal country in which to look for manufacturing partners. We are pleased to welcome UMW as a new supply chain partner and look forward to a long and successful relationship with them."
To ensure the success of this project, it is imperative to have a highly-skilled work force. Hence, UMW and MARA will come together for the establishment of an apprentice training centre. The centre will ensure availability of specific technical skillsets in aerospace hard metal machining. It will also act as a training platform for machining of hard metals prior to the launch of the manufacturing plant.
"MARA is keen to partner with UMW for the establishment of an apprentice training centre, which will include a pre-production facility that meets Rolls-Royce's specifications. Through our subsidiary company, MARA Aerospace and Technologies Sdn. Bhd. (M-AeroTech), we will utilise German Malaysian Institute's capabilities in production technology to ramp up the capability to manufacture fan case. This project marks another milestone for Asia Aerospace City's human capital offering, ensuring business sustainability for investors to our very own aerospace hub in South East Asia", said Datuk Ibrahim Ahmad, Director General of MARA on the contract between UMW and Rolls-Royce.
UMW INDUSTRIES CELEBRATES GOLDEN JUBILEE WITH NEW BUILDING
SHAH ALAM, 4 August 2015 â In conjunction with its Golden Jubilee celebrations, UMW Industries (1985) Sdn. Bhd., a wholly-owned subsidiary in the UMW Group, officially opened its new building today to cater to its growing business and to better serve its customers. UMW Industries specialises in material handling and industrial floor cleaning equipment. The opening of the new building was officiated by UMW Group Chairman, Tan Sri Asmat Kamaludin.
This year sees UMW Industries celebrating 50 years of successful relationship with Toyota Industries Corporation (TICO), Japan since it was awarded the distribution rights for Toyota industrial equipment in 1965. The company currently distributes the full range of indoor and outdoor palletized material handling equipment manufactured by TICO, the world No. 1 material handling company - Toyota forklifts, BT indoor trucks from Sweden and Raymond warehouse trucks from USA. UMW Industries holds more than fifty percent market share in Malaysiaâs material handling equipment business. It is the sole recipient of Toyota Diamond Club Membership in 2008, 2012 and 2014 awarded by TICO. This award is presented to the distributor who has achieved sales of at least 2,000 units annually and commands 50% or more market share in its territory.
Other than material handling equipment, UMW Industries also distributes leading brands in the world â Tennant industrial floor cleaning equipment for both indoor and outdoor from the US, related after-market products like Tokai and Aichi premium solid tyres, Trelleborg industrial & off the road tyres and GS Yuasa traction batteries & charges.
The UMW Group holds distributorship for Toyota forklifts in Malaysia, Singapore, Brunei, Vietnam and China (Shanghai and Zhejiang). Currently the company ranks among the top 3 distributors for Toyota material handling equipment in the world.
The four-storey modern building, with a 500-square-metre showroom displaying products carried by UMW Industries, is located adjacent to other UMW buildings along Jalan Utas. Its state-of-the-art Material Handling and Technical Training Centre is located on the ground floor. The new 750 square metres centre can accommodate live demonstrations of the various equipment and warehouse racking systems - including Very Narrow Aisles or VNA, Push-Back, Deep Reach, Selective and Drive-in. It is the only facility of its kind in ASEAN.
In addition, this Training Centre will be used as TICOâs regional training centre for Toyota and BT products and the Sistem Latihan Dual Nasional (SLDN) training programmes. SLDN programme is a collaboration between UMW and Ministry of Human Resources under the arm of Jabatan Pembangunan Kemahiran focusing on the apprenticeship and coaching methods to develop highly skilled mechanics from the ground up, and up-skill our existing workforce.
UMW Industries, as the market leader in Malaysia, plays an important role to promote safety awareness amongst forklift users. The company, OHSAS 18001-certified, is the pioneer in forklift operatorsâ training programmes in South East Asia. Its forklift operatorsâ training programmes are certified under Human Resources Development Fund (Pembagunan Sumber Manusia Berhad). UMW Industriesâ overseas-trained trainers have trained more than sixty thousand forklift operators.
The new building, costing more than RM20 million, commenced construction in November 2012 and obtained its Certificate of Completion and Compliance in October 2014.
UMW BRINGS RAMADHAN HAPPINESS TO RUMAH AMAN CHILDREN
KLANG, 4 July 2015 â As part of UMWâs effort to support the community, 54 underprivileged children from Rumah Aman in Sungai Buloh were treated to Hari Raya shopping outing. The children, who were given RM250 voucher each, were accompanied by 45 UMW employees (UMW Community Champions) when they shopped at AEON Bukit Raja.
This is an annual event organised by UMW in conjunction with the holy month of Ramadhan as part of its effort to enable the less fortunate to celebrate festive seasons. Most of them, aged between 3 to 16 years old, chose clothing items like casual shirts and jeans as well as shoes for themselves.
After the shopping trip, the children returned to Rumah Aman with UMW employees, who joined them for âbuka puasaâ. UMW Executive Director, Dr. Wafi Nazrin Abdul Hamid presented a cheque of RM10,000 as donation to Rumah Amanâs representative. In addition to the shopping voucher, the children were given âduit rayaâ and goodie bags.
This programme is part of UMWâs continuous support towards the underprivileged communities in the country under its community pillar where UMW continues to champion many worthy causes under its three pillars, the other two being education and environment.
SHAH ALAM, 2 July 2015 â UMW Lubricant International Sdn Bhd (UMW Lubricant), a subsidiary in the UMW Group, has launched Repsol End User Campaign in conjunction with the festive season. Purchases of Repsol lubricants will be accompanied with practical free gifts.
For every purchase of Repsol fully synthetic oil, the Repsol Elite Evolution 5W50 (4 litres) and Repsol Elite Evolution Long Life 5W30 (4 litres), customers will bring home a Bodypac Sweet Dream Sleeping Bag. Customers who choose the semi-synthetic oil, Repsol Elite Formula Premium 10W40 (4 litres) and Repsol Elite Formula Premium 5W30 (4 litres) will get a Thermos Water Jug while those who purchase the mineral lubricants will receive a Bodypac Shoe Bag.
The company hopes users will enjoy a smooth âbalik kampungâ journey this festive season by choosing to use the performance-tested Repsol lubricants. Repsolâs involvement in the motor GP sports is a testament to its outstanding quality and already been proven by Champions.
The simulator programme is based on the KLIA airport layout with different aircraft incidents or scenarios. It was jointly developed by Rosenbauer and its software partner with the assistance of MAHB and UMW.
UMW Lubricant holds the exclusive franchise for Repsol lubricants in Malaysia since 2010.
This offer is available at all participating Repsol dealersâ outlets nationwide. The promotion will run until 31st August 2015.
UMW Delivered 17 Rosenbauer Fire Fighting Vehicles to Malaysia Airports Holdings Berhad
SEPANG, 5 June 2015 â UMW Equipment Sdn. Bhd., a company in the UMW Group, has delivered 17 units of Rosenbauer Panther Airport Fire Fighting Vehicles to Malaysia Airports Holdings Berhad (MAHB). These 17 fire fighting vehicles is the second phase of a fleet replacement programme that commenced in 2010. Phase one saw 21 vehicles being delivered since 2010.
UMW Equipment also delivered a Rosenbauer Tactical Simulator which provides exposure on tactical elements that all machine operators as the key personnel in rescue and fire-fighting operations need to master. By using the simulator, they will be well-trained to ensure that they are able to carry out rescue operations safely and efficiently. Malaysia is the first country in ASEAN to invest in a tactical simulator.
The Rosenbauer tactical simulator was developed by Rosenbauer (Austria) with their software partner specifically to simulate tactical operations in fire fighting using the Airport Fire Fighting Vehicles (the Rosenbauer Panther).
The simulator programme is based on the KLIA airport layout with different aircraft incidents or scenarios. It was jointly developed by Rosenbauer and its software partner with the assistance of MAHB and UMW.
A tactical simulator handling demonstration was held for the guests after the handover ceremony.
Mr. Tan Chin Lam, Director of UMWâs Equipment Division, presented the mock key to MAHB Chairman, Tan Sri Dato' Sri Dr. Wan Abdul Aziz Wan Abdullah during a short ceremony at AFRS Station in Sepang
UMW Serah 17 Jentera Bomba âRosenbauerâ Kepada Malaysia Airports Holdings Berhad
SEPANG, 5 Jun 2015 â Anak syarikat UMW Holdings Berhad, UMW Equipment Sdn. Bhd. telah menyerahkan 17 unit Rosenbauer Panther Airport Fire Fighting Vehicles kepada Malaysia Airports Holdings Berhad (MAHB). 17 jentera baru ini adalah fasa kedua penukaran jentera bomba secara berperingkat yang dilaksanakan oleh MAHB yang bermula pada tahun 2010. Sebanyak 21 jentera sudah diserahkan semenjak tahun 2010.
UMW Equipment turut menyerahkan simulator taktikal yang dipanggil âRosenbaeur Tactical Simulatorâ. Penggunaan teknologi simulator berkomputer ini akan memberikan pendedahan mengenai elemen-elemen taktikal yang perlu dikuasai oleh pengendali jentera yang merupakan nadi utama dalam operasi menyelamat dan memadam kebakaran. Pasukan Bomba dan Menyelamat Lapangan Terbang juga akan berupaya meningkatkan tahap kecekapan operasi menyelamat. Malaysia adalah negara ASEAN pertama yang melabur dalam simulator taktikal seperti ini.
Simulator taktikal ini dihasilkan oleh Rosenbauer (Austria) bersama dengan sekutu perisiannya khusus untuk simulasi operasi taktikal memadam kebakaran menggunakan jentera bomba yang diberi gelaran âRosenbauer Pantherâ.
Program simulator itu dibina berdasarkan pelan Lapangan Terbang Antarabangsa Kuala Lumpur (KLIA) dengan pelbagai senario insiden kapal terbang. Program simulator ini dihasilkan oleh Rosenbaeur dan sekutu perisiannya dengan kerjasama MAHB dan UMW.
Demonstrasi penggunaan simulator taktikal telah diadakan untuk para tetamu sejurus selepas malis penyerahan berlangsung.
Pengarah UMW Bahagian Jentera, Encik Tan Chin Lam, menyerahkan replika kunci kepada Pengerusi MAHB, Tan Sri Dato' Sri Dr. Wan Abdul Aziz Wan Abdullah di majlis ringkas di Balai Bomba Utama KLIA.
SHAH ALAM, 1 June 2015 â UMW Corporation Sdn Bhdâs Group Human Resource Division has organised a blood donation drive at its auditorium today.
This is the sixth time for UMW to organise a blood donation drive at its headquarters to encourage more employees to donate. As many as 54 employees participated in the blood donation drive to help increase the blood supply at Pusat Darah Negara.
The blood donation driveâs objective is to encourage UMW staff to volunteer donating blood and create awareness amongst UMW staff on blood donation basics and its importance in saving lives. The Group Human Resource plans to make this blood donation drive an annual event and hopes more employees will be involved in the future and do their part for the society.
Ten hampers were given out to early birds who came as early as 9.00 am. The blood donation drive ended at about 3.00 pm.
About UMW
The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in four core businesses â Automotive, Equipment, Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call â Beyond BoundariesÂŽ, UMW is set to play a leading role in shaping the future of its industries globally. The Company will do this by inspiring vibrant ideas, nurturing potential, pioneering partnerships and delivering excellence in everything it does; the rewards of which will contribute to the progress and well-being of all its stakeholders.
For further information, please contact:- S Vikneshwaaran Head,
Investor & Media Relations UMW Corporation Sdn. Bhd. +603
5163 5044 / +6019 850 5799 vikneshwaran.s@umw.com.my
UMW Holdings Berhad Registers Rm320 Million Profit Before Tax For The First Quarter Of 2015
SHAH ALAM, 26 May 2015 â UMW Holdings Berhad recorded revenue of RM3,240.4 million for the first quarter ended 31st March 2015, RM343.0 million or 9.5% lower that the RM3,583.4 million recorded in the same period of 2014. The Group revenue was impacted by the lower performance of Automotive and Manufacturing & Engineering segments.
In line with the lower revenue, the Group generated lower profit before taxation of RM320.0 million against RM479.4 million in the previous yearâs corresponding quarter. Consequently, the Group recorded net profit attributable to equity holders of the Company for the first quarter ended 31st March 2015 of RM165.2 million against RM235.5 million recorded in the previous yearâs corresponding quarter.
The Automotive segment recorded revenue of RM2,005.6 million for the first quarter of 2015 compared to RM2,656.4 million registered in the previous corresponding period. Toyota core vehicle models faced stiff competition from the new model launches by other players in the market.
Consequently, the segment registered a lower profit before taxation of RM233.5 million for the quarter. The weakening of Ringgit Malaysia has also unfavourably affected the profit for the segment.
Equipment segmentâs revenue of RM653.0 million for the first quarter of 2015 has outperformed its 2014 level of RM434.9 million by RM218.1 million or 50.1%. Both heavy and industrial equipment sub-segments contributed to the improved performance with an increase of 78.1% and 29.6% respectively. Locally, the improved revenue performance was attributable to higher demand for equipment, parts and services in anticipation of Goods and Services Tax implementation. For overseas operation, the resumption of the jade mining activities in Myanmar in September 2014 as well as tax incentive given by the authority on the purchase of equipment in Singapore contributed to the higher revenue.
In line with the improved revenue, profit before taxation for the Equipment Segment increased to RM99.3 million from RM39.1 million recorded in the previous corresponding quarter.
The Oil & Gas segmentâs revenue of RM312.5 million for the current quarter was 59.8% or RM116.9 million higher than the previous yearâs corresponding period of RM195.6 million.
The improved revenue performance was attributable to the following â
Full contribution from UMW NAGA 5 and UMW NAGA 6 which commenced operations in May and October 2014, respectively;
Improved operating efficiency by UMW NAGA 2 and UMW NAGA 3; and
Additional revenue from hydraulic workover GAIT 3 and GAIT 6. GAIT 6 was not operating in the first quarter of 2014.
Profit before taxation of RM42.5 million recorded for the current quarter was lower compared to RM58.3 million reported in the previous yearâs corresponding quarter. Lower contributions from the drilling business mainly attributed to discounts on time charter rates given to existing clients in view of the significant drop in oil price, accounted for the profit reduction in the first quarter.
The lower profit was also due to the termination of contract of UMW NAGA 7 with Frontier Oil Corporation (âFOCâ). UMW NAGA 7 was ready for deployment in February 2015.
Manufacturing & Engineering segment recorded a lower revenue and profit before taxation for the current quarter of RM171.1 million and RM1.8 million, respectively. Lower contribution was attributed to lower sales by the auto component manufacturers especially on the 4 wheelers products. The segmentâs lower performance was however mitigated by better contribution from the lubricant business.
For further information, please contact:- S Vikneshwaaran Head,
Investor & Media Relations UMW Corporation Sdn. Bhd. +603
5163 5044 / +6019 850 5799 vikneshwaran.s@umw.com.my
SIBU, 20 April 2015 â Following its successful launch in
January, UMW Grantt International Sdn. Bhd. (UMWG), a wholly-owned
subsidiary in the UMW Group today introduced its full range of
newly-enhanced GRANTT Lubricants to Sarawak market in its aim to
have nationwide presence. GRANTT is an in-house brand and it is
fully blended at UMWâs ISO 9001:2008- certified plant in Shah
Alam.
Deputy Prime Minister Tan Sri Muhyiddin Yassin visited UMWâs
booth at the Sibu Town Square after the Opening Ceremony of Minggu
Saham Amanah Malaysia 2015 and signed a plaque to mark the
occasion.
GRANTT is formulated from premium-quality base oil with
proprietary formulation to provide outstanding engine cleanliness
for exceptional fuel efficiency, wear protection and performance.
The full range of lubricants include Passenger Car Motor Oil
(PCMO), Motorcycle Oil (MCO), Diesel Engine Oil (DEO), Auto
Transmission Fluid (ATF) and Industrial Oil.
The GRANTT PCMO (Passenger Car Motor Oil) Stellar range has been
tested to meet the American Petroleum Instituteâs API-SN
requirements, as well as the stringent European Automobile
Manufacturers Association ACEA A3/B4 standard. While Stellar is
GRANTTâs PCMO range, its MCO and DEO range are respectively called
Quadra and Quasar.
GH Lube Sdn Bhd is Sarawakâs pioneer master distributor for
GRANTT lubricants. With its extensive distribution network around
Sarawak covering Kuching, Sibu, Sarikei, Bintulu, Mukah, Limbang,
Seratok, Betong, Sri Aman and Miri UMWG believes that GRANTT
Lubricants would reach consumers in Sarawak far and wide.
For further information, please contact:- S Vikneshwaaran Head,
Investor & Media Relations UMW Corporation Sdn. Bhd. +603
5163 5044 / +6019 850 5799 vikneshwaran.s@umw.com.my
UMW Goes Off-road With
Children From Pusat Jagaan Curahan Kasih Sayang Ikhwan
MARAN, 5 April 2015 â UMW brought joy to 15 children from
Pusat Jagaan Curahan Kasih Sayang Ikhwan as they ventured together
into the woods of Hutan Lipur Jerangkang, Pahang. The programme,
which is a collaboration with 4 Wheelers for Charity (4W4C) aimed
to educate the children on the beauty of nature by experiencing it
themselves.
For the first part of the programme, all volunteers from UMW and
4W4C worked together to build a new pipe from the river to the
public toilet as the original pipe provided was destroyed by the
flood. The volunteers then held a fun game session with the
orphans in which the children played to their heartsâ content.
After lunch, the volunteers proceeded to escort the children to
Jerangkang Waterfalls, a 10- minute hiking journey from the base
camp where the children and volunteers spent time playing in the
water. The volunteers were then presented with a Qasidah
performance by the children.
Apart from that, the 4W4C team also took the chance to allow the
children to experience the thrill of riding in a 4WD vehicles as
they took the children on a drive across rivers and bumpy roads in
the forest. The event ended on a happy note as all the volunteers
accompanied the children back to their home in Temerloh, Pahang.
4W4C is a non-government organisation that uses 4WD vehicles as
a medium to help the community by doing charity work in areas that
can only be reached by 4WD vehicles.
This programme is part of UMWâs continuous effort to support the
community which is one of its three pillars; community, education
and environment.
For further information, please contact:- S Vikneshwaaran Head,
Investor & Media Relations UMW Corporation Sdn. Bhd. +603
5163 5044 / +6019 850 5799 vikneshwaran.s@umw.com.my
UMW Holdings Berhad Records
12.9% Rise in Profit Before Taxation for 2014
SHAH ALAM, 26 February 2015 â UMW Holdings Berhad recorded
a total revenue of RM14,958.9 million for the year ended 31st
December 2014, 7.2% higher than the RM13,951.5 million recorded in
the year 2013. The improved revenue was mainly contributed by the
Automotive and Oil & Gas Segments.
In line with the increase in revenue, the Group profit before
taxation for the year ended 31st December 2014
increased to RM1,620.8 million from RM1,435.7 million registered
in 2013, an increase of RM185.1 million or 12.9%.
Consequently, the net profit attributable to equity holders of
the Company increased to RM657.7 million from the RM652.9 million
registered in 2013.
The Automotive Segment contributed a higher revenue of
RM10,777.7 million, an increase of RM754.7 million or 7.5% from
the RM10,023.0 million registered in 2013. The improved revenue
for the year was attributed by higher Toyota vehicle sales of
12.0% compared to the previous year.
Market share for Toyota vehicles increased marginally to 15.5%
in 2014 compared to 14.1% in 2013.
In line with the higher revenue, the profit before taxation
increased to RM1,472.2 million, an increase of RM58.7 million or
4.2% compared to RM1,413.5 million recorded in the previous year.
The Equipment Segment recorded a revenue of RM1,769.1 million for
the year ended 31st December 2014, an increase of
RM63.6 million or 3.7% higher than RM1,705.5 million recorded in
2013.
The higher revenue was attributed mainly to improved sales in
the industrial equipment segment especially in the overseas
operations. The uplift of suspension of the mining activities in
Myanmar further contributed to the higher revenue.
In line with the increase in revenue, profit before taxation for
the segment increased by RM21.5 million or 11.0%, from RM195.8
million to RM217.3 million.
The Oil & Gas Segment registered a higher revenue of RM1,016.3
million for the year ended 31st December 2014, a growth
of RM278.5 million or 37.7% from RM737.8 million in 2013.
The revenue improvement was attributed by the following:
Higher daily operating rates for NAGA 2 and NAGA 3;
Full year contribution from NAGA 4 which commenced operations
in April 2013;
Additional contribution from NAGA 5 and NAGA 6, which
commenced operations in May and October 2014, respectively;
Higher barge sales; and
Improved utilisation rate of GAIT 3.
Consequently, profit before taxation increased to RM286.2
million in 2014 from RM206.8 million registered in 2013.
The Manufacturing & Engineering Segmentâs revenue for the year
2014 of RM724.3 million was marginally lower than RM735.5 million
registered in 2013. This was due to stiff competition in the
lubricant business and lower contributions from our local
automotive component manufacturers in the Group.
The segment reported a profit before taxation of RM15.7 million
compared to a loss of RM39.2 million in the previous year. The
improvement was due to:
Improved operating margin contribution from our lubricant
business in China; and
No impairment of assets provided during the current year
compared to the previous year.
About UMW
The UMW Group is an international conglomerate that develops
industries, manages partnerships and facilitates growth. It is
involved in four core businesses â Automotive, Equipment,
Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call â Beyond BoundariesÂŽ, UMW is set to
become a truly world-class organisation, knowing that a world
class brand never forgets its responsibility to society. Corporate
Social Responsibility (CSR) is something that the Company wants to
do, not because it has to.
For further information, please contact:- S Vikneshwaaran Head,
Investor & Media Relations UMW Corporation Sdn. Bhd. +603
5163 5044 / +6019 850 5799 vikneshwaran.s@umw.com.my
PGM-UMW ROAD TO OLYMPICS
2016 UMW sponsors RM1.77 million
Professional Golf of Malaysia (PGM), UMW Corporation Sdn. Bhd.
(UMW) and MST Golf Management Sdn. Bhd. (MST) are pleased to
announce the signing of a Tripartite Agreement for the âPGM-UMW
Road to Olympics 2016â program which was held on the 9 February
2015 at the PNB Darby Park Executive Suites. The sponsorship
amount of RM1,772,700 by UMW is to be spread throughout the
duration of the program.
The PGM-UMW Road to Olympics 2016âs program, the brainchild of
the Chairman of PGM, YABhg Tun Ahmad Sarji bin Abdul Hamid, is to
provide opportunity for Malaysian professional golfers with the
Official World Golf Ranking (OWGR) points to participate in a
support programme geared towards the development and preparation
for Malaysian professional golfers to qualify and play in the
Olympics 2016 in Rio de Janeiro, Brazil. This comprehensive and
holistic program is developed and promoted by PGM, with UMW as the
Main Sponsor and MST as the facilitator to manage the development
program. Further information on the PGM-UMW Road to Olympics 2016
program is attached.
At the same event, PGM and MST also signed an agreement to
collaborate in ensuring the success of the PGM-UMW Road to
Olympics 2016 program and the smooth execution of the Tripartite
Agreement. This was followed by the signing of Playersâ Agreement
between PGM, MST and each of the professional golfers who will be
participating in the PGM-UMW Road to Olympic 2016 program.
YABhg Tun Ahmad Sarji bin Abdul Hamid, the Chairman of PGM, said
that the PGM-UMW Road to Olympics 2016 is part of the long-term
strategy of PGM to elevate the standard of professional golf in
Malaysia. This program will make use of the current tournaments
schedule in the PGM Tour Calendar 2015 and 2016, in particular the
12 tournaments jointly sanctioned with the Asian Development Tour
(ADT) in the 2015 Calendar.
âThese jointly sanctioned tournaments with ADT have been granted
OWGR points to the top six tournament winners. With the improved
performance of Malaysian professional golfers in the recent PGM
tournaments and having home advantage by playing in Malaysia, I
believe our Pros should be able to collect enough points to
qualify for the 2016 Olympics through the ADT events,â said Tun
Ahmad Sarji bin Abdul Hamid.
âHowever, we also need our Pros to be exposed to playing
overseas and in bigger tournaments to collect the OWGR points.
Hence, we provide the incentives to do so by reimbursing part of
their overseas competitions expenses,â added YABhg Tun Ahmad
Sarji.
âWe are proud to be able to organise about 67% of ADT
tournaments in Malaysia this year. This will not only allow the
Malaysian public to watch young and upcoming Pros playing, but
will also bring in foreign visitors and promote the Malaysian golf
industryâ, YABhg Tun Ahmad Sarji further said.
On the sponsorship of UMW, YABhg Tun Ahmad Sarji said âUMW has
always been a strong supporter of PGM activities since we started
our Tour in 2010. We really appreciate the trust and confidence
that UMW given to PGM to date. We will ensure that PGM-UMW Road to
Olympics 2016 will achieve its target and that we will be very
transparent in implementing the programâ.
âFor the 12 Malaysian Pros invited to be part of this program, I
hope they will make full use of this program which has been
properly plan so that they will be able to reach their full
potential, and are flexible enough without disrupting their own
training program. Of course, they should also be honoured to be
associated with UMW as the main sponsor of the programâ, YABhg Tun
Ahmad Sarji added.
YBhg Tan Sri Asmat bin Kamaluddin, the Chairman of UMW, said âWe
are proud to be invited to be the main sponsor of the PGM-UMW Road
to Olympics 2016 program. I have seen the PGM Tour events grew
since its inception and personally witnessed the improvement of
some of our Pros and what is most heartening is to see the
emergence of young Malaysian talents as a result of the PGM Tour
tournamentsâ.
âAs a corporate body we believe that UMW has to play a part in
promoting sports and support the governmentâs effort in promoting
sports as a unifying factor and also to carry the Malaysian flag
overseas. We hope that other corporate bodies would also
contribute to other sports as part of elevating the Malaysian
sports in generalâ, added YBhg Tan Sri Asmat.
Mr Paul Gibbons, the director of MST, said âIt is an honour for
MST to be given the trust by PGM and UMW to carry out this
program. We have been involved in assisting PGM in its effort to
uplift the standard of Malaysian professional golfers for the last
few years through the PGM Peak Performance Golf Academy. Thus, we
share the same aspiration and will ensure the success of this
programâ.
About UMW
The UMW Group is an international conglomerate that develops
industries, manages partnerships and facilitates growth. It is
involved in four core businesses â Automotive, Equipment,
Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call â Beyond BoundariesÂŽ, UMW is set to
become a truly world-class organisation, knowing that a world
class brand never forgets its responsibility to society. Corporate
Social Responsibility (CSR) is something that the Company wants to
do, not because it has to.
For further information, please contact:- S Vikneshwaaran Head,
Investor & Media Relations UMW Corporation Sdn. Bhd. +603
5163 5044 / +6019 850 5799 vikneshwaran.s@umw.com.my
SHAH ALAM, 23 January 2015 - UMW Grantt
International Sdn. Bhd. (UMWG), a wholly-owned subsidiary in the
UMW Group, today introduced a full range of newly-enhanced GRANTT
lubricants at its head office here. GRANTT is an in-house brand
and it is fully blended at UMW's ISO 9001:2008-certified plant in
Shah Alam.
Datuk Dr. Nik Norzrul Thani bin Nik Hassan Thani, Chairman of
UMW Manufacturing & Engineering Sdn Bhd, unveiled the complete
range of newly-enhanced GRANTT lubricants, witnessed by Datuk Syed
Hisham bin Syed Wazir, President & Group CEO of UMW Holdings
Berhad. The full range of lubricants include Passenger Car Motor
Oil (PCMO), Motorcycle Oil (MCO), Diesel Engine Oil (DEO), Auto
Transmission Fluid (ATF) and Industrial Oil.
GRANTT is formulated from premium-quality base oil with
proprietary formulation to provide outstanding engine cleanliness
for exceptional fuel efficiency, wear protection and performance.
Megat Shahrul Azmir bin Nordin, Executive Director of UMW
Manufacturing & Engineering Sdn. Bhd. in his speech said that,
âThe GRANTT PCMO (Passenger Car Motor Oil) Stellar range has been
tested to meet the American Petroleum Instituteâs API-SN
requirements, as well as the stringent European Automobile
Manufacturers Association ACEA A3/B4 standard.â
âThe GRANTT lubricants that we launch today are products that
UMW is truly proud to endorse; and we are confident that GRANTT
will be a product that customers will repeatedly turn to power
their ridesâ, he added. While Stellar is GRANTTâs PCMO range, its
MCO and DEO range are respectively called Quadra and Quasar.
Pioneer master distributors from Peninsular Malaysia, Sabah and
Sarawak were present at the launch ceremony to receive their
certificates of appointment. UMWG aims to have a presence
nationwide and is planning to give a strong focus on the export
market covering the ASEAN region.
Guests were later taken on a tour of the blending plant and the
full-fledged product development laboratory where GRANTT
lubricants are produced.
About UMW
The UMW Group is an international conglomerate that develops
industries, manages partnerships and facilitates growth. It is
involved in four core businesses â Automotive, Equipment,
Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call â Beyond BoundariesÂŽ, UMW is set to
become a truly world-class organisation, knowing that a world
class brand never forgets its responsibility to society. Corporate
Social Responsibility (CSR) is something that the Company wants to
do, not because it has to.
For further information, please contact:- S Vikneshwaaran Head,
Investor & Media Relations UMW Corporation Sdn. Bhd. +603
5163 5044 / +6019 850 5799 vikneshwaran.s@umw.com.my
UMW Corporation Contributes
RM938,000 for Flood Relief
SHAH ALAM, 8 January 2015 - In light of the worst
flood since 1967 affecting several states in Malaysia, UMW
Corporation Sdn. Bhd. has pledged a cash contribution of RM938,000
to help affected Malaysians who lost their belongings and homes.
The total amount is split between corporate sponsorship to MERCY
Malaysiaâs Flood Relief Fund and zakat contribution.
UMW President and Group CEO Datuk Syed Hisham Syed Wazir flagged
off a team of 30 volunteers in eleven 4x4 vehicles to Kota Bharu
earlier this morning. The volunteers, UMW Community Champions,
will be working together with MERCY Malaysia in Kota Bharu in the
operations to help clean up the town. They will be there until
Sunday.
Caring UMW staff have also donated approximately 3 tonnes of
rice, canned food, biscuits, diapers and other essential items
through a 3-day internal collection drive. All donated items have
been delivered to Kelantan last week.
About UMW
The UMW Group is an international conglomerate that develops
industries, manages partnerships and facilitates growth. It is
involved in four core businesses â Automotive, Equipment,
Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call â Beyond BoundariesÂŽ, UMW is set to
become a truly world-class organisation, knowing that a world
class brand never forgets its responsibility to society. Corporate
Social Responsibility (CSR) is something that the Company wants to
do, not because it has to.
For further information, please contact:- S Vikneshwaaran Head,
Investor & Media Relations UMW Corporation Sdn. Bhd. +603
5163 5044 / +6019 850 5799 vikneshwaran.s@umw.com.my
UMW Latih 20 Orang Perintis Sistem Latihan Dual Nasional
SHAH ALAM, 4 Disember 2014 â Timbalan Menteri Sumber Manusia, Ybhg DatoâSri Haji Ismail Bin Haji Abd Muttalib menyampaikan Sijil Kemahiran Malaysia (SKM) Tahap 1 kepada seramai 20 perintis yang terpilih untuk menyertai program Sistem Latihan Dual Nasional (SLDN) di Auditorium UMW Corporation Sdn Bhd di sini hari ini.
Program SLDN ialah satu tanggungjawab sosial korporat hasil kerjasama di antara UMW Corporation Sdn Bhd dengan Kementerian Sumber Manusia melalui Jabatan Pembangunan Kemahiran (JPK). Objektif utama program ini adalah untuk memberikan latihan vokasional kepada belia-belia yang keciciran di dalam peperiksaan Sijil Pelajaran Malaysia (SPM). Program ini bermula pada 1 April 2014 hingga 30 September 2014 dalam bidang Jentera Tolak Tanah. Belia yang terpilih dilatih di UMW Technical Akademy (UTAc) yang ditubuhkan pada tahun 2013 untuk menjalankan program SLDN ini.
UMW menyokong penuh usaha Jabatan Perdana Menteri untuk menjalankan âUpward Mobility Schemeâ (UMS) kerana ia menekankan kepada pembinaan keupayaan melalui pendidikan dan latihan kemahiran berkualiti tinggi.
UMW Holdings Berhad Records 75.2% Rise in Profit Before Taxation
Shah Alam, 26 November 2014 â UMW Holdings Berhadâs revenue improved from RM3,456.6 million recorded in the third quarter ended 30th September 2013 to RM3,702.5 million recorded in the same period of 2014, an increase of RM245.9 million or 7.1%. The improved revenue was mainly contributed by the Automotive and Oil & Gas segments.
In tandem with the higher revenue, profit before taxation increased to RM430.3 million for the third quarter ended 30th September 2014 from RM245.6 million recorded in the same period of 2013.
In line with the increased profit before taxation, net profit attributable to equity holders of the Company for the third quarter ended 30th September 2014 also increased to RM197.0 million from RM101.5 million registered in the previous yearâs corresponding quarter.
Automotive segment recorded a revenue of RM2,643.4 million in the third quarter of 2014, an increase of RM210.1 million or 8.6% higher than RM2,433.3 million registered in the third quarter of 2013. Toyota vehicle sales for the quarter increased by 19.3% compared to the same quarter of 2013, mainly contributed by the better sales of Vios and Altis.
In line with the higher revenue, profit before taxation increased to RM343.9 million from RM294.9 million recorded in the corresponding quarter of 2013.
The Equipment segment contributed a revenue of RM434.8 million during the third quarter of 2014, a marginal increase of RM24.0 million or 5.8% compared to RM410.8 million recorded in the same period of 2013. Higher revenue during the quarter was mainly contributed by the industrial equipment segment.
Profit before taxation in the third quarter of 2014 of RM44.4 million was lower compared to RM55.6 million recorded in the previous corresponding quarter. The increase in profitability of the industrial equipment segment was not sufficient to cover the drop in the heavy equipment segmentâs profitability that resulted from the continued suspension of mining activities in Myanmar and continued drop in commodity prices in Papua New Guinea.
The Oil & Gas segment recorded a revenue of RM254.3 million for the third quarter of 2014, an increase of RM49.0 million or 23.9% compared to the RM205.3 million registered in the same quarter of 2013. Higher revenue contribution mainly from the Drilling Services segment, resulted in the revenue improvement in the third quarter of 2014. Overseas operations contributed approximately 64.0% of the segmentâs revenue in the third quarter of 2014.
The segment achieved a profit before taxation of RM75.9 million in the third quarter of 2014 compared to the RM54.5 million recorded in the corresponding quarter of 2013, an improvement of RM21.4 million or 39.3%. Higher profit contribution from the Drilling Services segment contributed to the profit improvement in the third quarter of 2014.
The Manufacturing & Engineering segmentâs revenue for the third quarter of 2014 of RM180.2 million was marginally lower than RM188.9 million recorded in the same quarter of 2013, mainly caused by lower contributions from the local automotive component manufacturers.
The segment recorded a lower loss of RM1.5 million for the current quarter compared to a loss of RM31.1 million in the previous yearâs corresponding quarter. Higher losses in the same quarter of 2013 was mainly due to impairment of assets made during the period.
About UMW
The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in four core businesses â Automotive, Equipment, Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call â Beyond BoundariesÂŽ, UMW is set to become a truly world-class organisation, knowing that a world class brand never forgets its responsibility to society. Corporate Social Responsibility (CSR) is something that the Company wants to do, not because it has to.
For further information, please contact:- S Vikneshwaran Head, Investor &
Media Relations UMW Corporation Sdn. Bhd. +603 5163 5044 / +6019
850 5799 vikneshwaran.s@umw.com.my
Shah Alam, 20 October 2014 â Deputy Minister of the Ministry of International Trade and Industry (MITI), Datuk Ir. Hj. Hamim Samuri, today presented the Quality Environment/5S Certificates to representatives of all 45 locations in UMW that succeeded in the certification for another year. During the event held at the UMW Auditorium, he also presented the 5S Excellence Award and the Kobetsu Kaizen Award
âIt is commendable for UMW Corporation to address Continuous Improvement Programme as a strategic initiative to enhance operational performance. I hope UMW can share best practices achieved and lessons learnt from this initiative to vendors and other Small and Medium Enterprises, and inspire them to push for higher productivityâ the Deputy Minister said in his speech.
Continuous Improvement Programmme (CIP)
Continuous Improvement Programme (CIP) is a strategic move that has been designed and implemented throughout the UMW Group of companies to heighten excellent work culture and generate benefits from various enhancement & improvement initiatives. CIP consists of 4 main programmes, namely, 5S, Kobetsu Kaizen, Total Productive Maintenance (TPM) and Lean Manufacturing, scheduled for completion within a 6-year time schedule.
Since the launch of the programme in 2011, two model companies, UMW Industrial Power Sdn. Bhd. and UMW Oilpipe Services Sdn. Bhd. have implemented 5S activities. The objective of the 5S programme is not only to realise a conducive working environment, but also to reduce cost and to be recognised and certified by the Malaysian Productivity Corporation (MPC). UMW later made history in 2013 with a record of 45 locations certified with MPC QE/5S certification, the highest for any organisation in Malaysia.
âThe first initiative, 5S, has facilitated in maturing the platform of continuous improvement culture. The objective of 5S implementation last year was to create a territorial wave, gain foothold and create awareness on the benefits and positive impact of the 5S programme at UMW. This has made the field more conducive for the Kaizen programme to take place,â said Datuk Syed Hisham bin Syed Wazir, President & Group CEO, UMW Holdings Berhad during the award ceremony and Kobetsu Kaizen celebration.
UMW plans to further expand and introduce the 5S programme to its other subsidiaries including their overseas operations in Singapore, Myanmar, Thailand, Vietnam and China. It also plans to increase the number of Kobetsu Kaizen groups from 78 currently to a minimum of 130 groups next year in order to gain more tangible benefits for the UMW Group.
About UMW
The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in four core businesses â Automotive, Equipment, Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call â Beyond BoundariesÂŽ, UMW is set to play a leading role in shaping the future of its industries globally. The Company will do this by inspiring vibrant ideas, nurturing potential, pioneering partnerships and delivering excellence in everything it does; the rewards of which will contribute to the progress and well-being of all its stakeholders.
For further information, please contact:- S Vikneshwaran Head, Investor &
Media Relations UMW Corporation Sdn. Bhd. +603 5163 5044 / +6019
850 5799 vikneshwaran.s@umw.com.my
Shah Alam, 11 October 2014 - UMW Corporation Sdn. Bhd. contributed RM60,000 to MBSAâs âShah Alam Trees For Lifeâ programme on Saturday. In conjunction with the tree planting programme, UMW SL1M (Skim Latihan 1Malaysia) trainees also organised UMW Eco Run as part of their Corporate Social Responsibility (CSR) activities.
Almost 1,000 participants comprising UMW employees, Lebuhraya Kemuning â Shah Alam (LKSA) staff, NGO members, students and members of the public started registering for the UMW Eco Run as early as 6.30am. Shah Alam Mayor, Datoâ Mohd Jaafar bin Mohd Atan together with UMW Holdings Berhad President & Group CEO, Datuk Syed Hisham Syed Wazir, flagged off the runners for the 5km fun run at the Alam Impian Toll Plaza.
Volunteers arrived slightly later for the tree planting programme. Datuk Syed Hisham presented the mock cheque for RM60,000 to Datoâ Mohd Jaafar, who received it on behalf of MBSA. The contribution will enable MBSA to plant approximately 2,000 seedlings.
After the cheque presentation, all participants were ferried to several locations nearby LKSA to plant the seedlings together with the guests of honour. About 2,000 seedlings were planted by the guests, volunteers and UMW Eco Run runners. Amongst the many seedlings planted were teak, shorea, clove, mangosteen, rambutan and guava.
After all the trees were planted, guests were entertained by drumline performers, Voice of Percussion. The Instagram contest #umwecorun grand prize winner won a GoPro Hero3+ (Silver Edition) camera, while first and second runners-up bagged a digital camera and a polaroid camera respectively.
Lucky draw winners went home with exciting prizes such as a folding bicycle, eco-friendly skincare product hampers and restaurant vouchers.
This is UMWâs second year involvement in the MBSAâs âShah Alam Trees For Lifeâ environmental programme. It is part of UMWâs continuous support to environmental programmes in the country under its environment pillar where UMW continues to champion many worthy causes under its three pillars, the other two being community and education.
About UMW
The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in four core businesses â Automotive, Equipment, Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call â Beyond BoundariesÂŽ, UMW is set to play a leading role in shaping the future of its industries globally. The Company will do this by inspiring vibrant ideas, nurturing potential, pioneering partnerships and delivering excellence in everything it does; the rewards of which will contribute to the progress and well-being of all its stakeholders.
For further information, please contact:- S Vikneshwaran Head, Investor &
Media Relations UMW Corporation Sdn. Bhd. +603 5163 5044 / +6019
850 5799 vikneshwaran.s@umw.com.my
UMW Brings Joy to Dyslexic Children in Aquaria KLCC
Kuala Lumpur, 27 September 2014 - Sixty eight dyslexic children from Shah Alam and Subang Jaya centre of the Malaysian Dyslexia Association were treated to an outing in Aquaria KLCC last Saturday organised by UMW Corporation Sdn Bhd's Corporate Social Responsibility (CSR) Unit.
The children were ferried to Aquaria KLCC, where they were guided by their ten teachers and accompanied by twenty eight UMW Community Champions (staff volunteers) through aquarium showcasing marine life from Malaysia and around the world.
After one and half hours of fun exploring the underwater world, the whole group departed from Aquaria KLCC for lunch in Subang Parade. There, the Association was presented with a cash contribution of RM2,000 and all the children were given goodie bags.
This programme is part of UMWâs continuous support to people with special needs in the country under its community pillar where UMW continues to champion many worthy causes under its three pillars, the other two being education and environment.
About UMW
The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in four core businesses â Automotive, Equipment, Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call â Beyond BoundariesÂŽ, UMW is set to play a leading role in shaping the future of its industries globally. The Company will do this by inspiring vibrant ideas, nurturing potential, pioneering partnerships and delivering excellence in everything it does; the rewards of which will contribute to the progress and well-being of all its stakeholders.
For further information, please contact:- S Vikneshwaran Head, Investor &
Media Relations UMW Corporation Sdn. Bhd. +603 5163 5044 / +6019
850 5799 vikneshwaran.s@umw.com.my
UMW Registers Profit Before Tax of RM422 Million for 2Q14; Pays 10 Sen Dividend
Shah Alam, 27 August 2014 - UMW Holdings Berhad announced today that the Group revenue of RM3,966.8 million for the second quarter ended 30th June 2014 was RM467.6 million or 13.4% higher than the RM3,499.2 million recorded in the same period of 2013. The improved revenue was contributed by all business segments within the Group.
Despite the higher revenue, a lower profit before taxation of RM422.1 million was recorded for the second quarter ended 30th June 2014 compared to RM443.2 million recorded in the same period of 2013. This was mainly due to the provision for the expected loss of RM93 million on the proposed disposal of investment in the automotive component companies in India.
In line with the reduced profit before taxation, net profit attributable to equity holders of the Company for the second quarter ended 30th June 2014 also reduced to RM142.0 million from RM251.0 million registered in the previous yearâs corresponding quarter.
Automotive Segment
Revenue for the Automotive Segment for the second quarter of 2014 of RM2,904.4 million increased by RM333.0 million or 13.0% from the RM2,571.4 million registered in the second quarter of 2013. Toyota vehicle sales for the quarter increased by 17.8% compared to the same quarter of 2013, mainly contributed by the increase in sales of Vios and Altis.
In line with the higher revenue, profit before taxation in the second quarter of 2014 of RM408.5 million recorded an increase of RM50.4 million or 14.1% from RM358.1 million registered in the previous corresponding quarter.
Equipment Segment
The Equipment Segment recorded a revenue of RM453.8 million compared to RM444.2 million recorded in the same period of 2013.
In line with the higher revenue, profit before taxation increased to RM55.1 million from RM51.9 million recorded in the corresponding quarter of 2013.
Better contribution from the industrial equipment segment resulted in the higher revenue and profit before taxation.
Oil & Gas Segment
Revenue for the Oil & Gas Segment of RM238.8 million for the current quarter was higher than the same quarter of 2013 of RM167.8 million.
The improved revenue in the current quarter was contributed by additional contribution from NAGA 5, which commenced operations in May 2014.
However, profit before taxation of RM66.2 million in the second quarter of 2014 was lower than the corresponding quarter in 2013 of RM75.8 million. The higher profit before taxation in 2013 was due to the one-off contribution from the sale of property by one of the subsidiaries of approximately RM30.0 million.
Manufacturing & Engineering Segment
The Manufacturing & Engineering Segmentâs revenue for the current quarter of RM188.9 million was marginally higher than that of the same quarter in 2013.
The segment recorded a profit of RM11.9 million for the current quarter compared to a loss of RM2.5 million in the previous corresponding quarter. This was mainly due to the foreign exchange gain on the retranslation of the USD loans by the subsidiaries in India following the strengthening of the Indian Rupee against USD.
The Board declared an interim single-tier dividend of 20% or 10.0 sen (2013 - 20% or 10.0 sen) per share of RM0.50 each, amounting to a net dividend payable of approximately RM116.8 million (2013 - RM116.8 million) for the year ending 31st December 2014, to be paid on 8th October 2014.
About UMW
The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in four core businesses â Automotive, Equipment, Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call â Beyond BoundariesÂŽ, UMW is set to play a leading role in shaping the future of its industries globally. The Company will do this by inspiring vibrant ideas, nurturing potential, pioneering partnerships and delivering excellence in everything it does; the rewards of which will contribute to the progress and well-being of all its stakeholders.
For further information, please contact:- S Vikneshwaran Head, Investor &
Media Relations UMW Corporation Sdn. Bhd. +603 5163 5044 / +6019
850 5799 vikneshwaran.s@umw.com.my
Shah Alam, 22 August 2014 - UMW Engineering Services Limited, Myanmar, a unit in the UMW Group, has successfully secured contracts worth RM200 million to supply more than 60 units of Komatsu equipment in Myanmar. The contracts are from its three major customers in Myanmar involved in the jade mining industry in Hpakant, located about 350km north of Mandalay, Myanmarâs second-largest city. Hpakant is the source of the worldâs highest quality jade. The delivery of the Komatsu equipment is expected to commence from October this year.
Myanmar is a country rich in jade and gems, oil, natural gas and other mineral resources. The jade and gems sector sales revenue amounting to USD3.4 billion was generated at the recently-concluded 51st Annual Jade and Gems Emporium held in Naypitaw, Myanmar.
Jade-mining activities in Myanmar were suspended in May 2012 due to security reasons. The government announced recently that the suspension will be lifted effective 1 September 2014. The resumption of the mining activities will offer growth potential and UMW Group is confident of securing more orders for Komatsu equipment in Myanmar.
The UMW Group was awarded the Komatsu heavy equipment distributorship in 1965. The Group has exclusive franchise in Malaysia, Singapore, Myanmar and Papua New Guinea. It established market presence in Myanmar in 1999 and currently has four branches there.
About UMW
The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in four core businesses â Automotive, Equipment, Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call â Beyond BoundariesÂŽ, UMW is set to play a leading role in shaping the future of its industries globally. The Company will do this by inspiring vibrant ideas, nurturing potential, pioneering partnerships and delivering excellence in everything it does; the rewards of which will contribute to the progress and well-being of all its stakeholders.
For further information, please contact:- S Vikneshwaran Head, Investor &
Media Relations UMW Corporation Sdn. Bhd. +603 5163 5044 / +6019
850 5799 vikneshwaran.s@umw.com.my
Shah Alam, 17 July 2014 - In conjunction with the holy month of Ramadan, UMW gave a special treat to the children from Rumah Amal Al Firdaus in Denai Alam, Shah Alam. 44 children from the home, accompanied by UMW staff, were first brought to a mall in Bukit Tinggi, Klang for their Hari Raya shopping. Each child was given RM250 to purchase items of their choice for the upcoming festival. After their shopping trip, the children were treated with a âbuka puasaâ event with senior management and staff of the UMW Group.
UMW President & Group CEO, Datuk Syed Hisham Syed Wazir said, âThrough this annual event, we hope to give back to the community and spread Aidilfitri joy among deserving childrenâ. During the event, Datuk Syed Hisham presented a cash contribution of RM5,000 to Rumah Amal Al Firdaus. He also distributed âduit rayaâ along with goodie bags to children from the home.
The UMW Group has a long history of supporting a number of non-profit and non-political organisations through its community programmes. The Groupâs Corporate Social Responsibility (CSR) strategy is comprehensive and goes beyond just funding charitable projects, benchmarking against international best practices in the marketplace, the workplace, the environment and the community.
About UMW
The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in four core businesses â Automotive, Equipment, Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call â Beyond BoundariesÂŽ, UMW is set to play a leading role in shaping the future of its industries globally. The Company will do this by inspiring vibrant ideas, nurturing potential, pioneering partnerships and delivering excellence in everything it does; the rewards of which will contribute to the progress and well-being of all its stakeholders.
For further information, please contact:- S Vikneshwaran Head, Investor &
Media Relations UMW Corporation Sdn. Bhd. +603 5163 5044 / +6019
850 5799 vikneshwaran.s@umw.com.my
Shah Alam, 30 June 2014 - In discharging its duties as a good corporate citizen, the UMW Group paid a corporate zakat of RM14,786,905 to Lembaga Zakat Selangor, a body under Majlis Agama Islam Selangor (MAIS). The payment was for the assessment year 2013. A cheque for the amount was presented to Sultan Sharafuddin Idris Shah, the Sultan of Selangor by UMW Group Chairman, Tan Sri Asmat Kamaludin at Masjid Sultan Salahuddin Abdul Aziz Shah, Shah Alam.
UMW, with Permodalan Nasional Berhad (PNB) as the majority shareholder, is considered a Bumiputra company where the majority of its employees are Muslims, thus the obligation for the company to pay zakat. The payment of zakat is practiced by a number of companies under the PNB Group as well as other Government-linked Companies (GLCs).
The guidelines of Lembaga Zakat Selangor allow a payee company to utilise a maximum of 3/8 or 37.5% of its zakat for distribution to the underprivileged in accordance to the shariah. UMW will use some of the funds for its CSR activities.
The obligation to pay zakat is based on the clear and undisputed order in the Quran, Hadith and the consensus of shariah scholars. The word zakat itself means purification and growth.
About UMW
The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in four core businesses â Automotive, Equipment, Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call â Beyond BoundariesÂŽ, UMW is set to play a leading role in shaping the future of its industries globally. The Company will do this by inspiring vibrant ideas, nurturing potential, pioneering partnerships and delivering excellence in everything it does; the rewards of which will contribute to the progress and well-being of all its stakeholders.
For further information, please contact:- S Vikneshwaran Head, Investor &
Media Relations UMW Corporation Sdn. Bhd. +603 5163 5044 / +6019
850 5799 vikneshwaran.s@umw.com.my
UMW Renews Partnership With MERCY Malaysia Contributes RM436,000 for 2014
Shah Alam, 20 June 2014 - The UMW Group today announced the renewal of its existing partnership with MERCY Malaysia. The partnership has seen UMW provide over RM2.2 million in funds, including the supply of 5 vehicles â 3 Toyota Hilux, 1 Toyota Hiace and 1 Toyota Innova. Since 2009, the Group has also been providing manpower support through its staff volunteer initiative to MERCY Malaysiaâs programmes, particularly for the rural and vulnerable communities in Sabah, Sarawak and Johor. To commemorate this occasion, a signing ceremony between UMW and MERCY Malaysia was held at UMWâs corporate headquarters in Shah Alam. Datuk Dr. Ahmad Faizal bin Mohd Perdaus, President, MERCY Malaysia and Datuk Syed Hisham bin Syed Wazir, President & Group CEO, UMW Corporation Sdn. Bhd. officiated the ceremony.
For 2014, the UMW Group has allocated a budget of RM436,455.00 to MERCY Malaysia. The grant will be used to fund activities which include 6 Outreach Clinics for the indigenous community in the rural areas of Sabah and 4 Outreach Clinics in the rural areas of Sarawak. Activities typically carried out at UMW-MERCY Malaysia Outreach Clinics include dental treatment, basic health screening and treatment, eye care, pap smear, talks on basic hygiene and reproductive health, referral cases involving hypertension, diabetes and heart ailments, and fire disaster risk reduction programme. Other programmes include Medical and Nature Expeditions, IGAM seminars and, disaster and emergency relief. To-date, about 18,600 people have benefitted from the programmes jointly organised by UMW and MERCY Malaysia.
âThis brings UMWâs total financial contribution to MERCY Malaysia, over the course of six years, to more than RM2.6 million. On UMWâs part, we donât see this amount as a sponsorship or donation - itâs all part of an investment towards a better, safer, healthier and happier society. And that type of return, is priceless to say the leastâ, said Datuk Syed Hisham at the signing ceremony.
As an extension of UMWâs CSR efforts, its employee-volunteer programme known as the UMW Community Champions have clocked nearly 16,688 hours in service to the community and is confident of achieving an additional 5,500 hours by the end of 2014. Selected Community Champions have undergone training programmes with MERCY Malaysia and have gone on to participate in various MERCY Malaysia activities around the country.
Background on UMW
The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in four core businesses â Automotive, Equipment, Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call - Beyond BoundariesÂŽ, UMW is set to play a leading role in shaping the future of its industries globally. The Group will do this by inspiring vibrant ideas, nurturing potential, pioneering partnerships and delivering excellence in everything it does; the rewards of which will contribute to the progress and well-being of its stakeholders.
About MERCY Malaysia
MERCY Malaysia is a nonâprofit organisation focusing on providing medical relief, sustainable health-related development and risk reduction activities for vulnerable communities in both crisis and non-crisis situations.
MERCY Malaysia recognises the value of working with partners and volunteers as well as providing opportunities for individuals to serve with professionalism.
We uphold the Code of Conduct for the International Red Cross and Red Crescent Movement and NGOs in Disaster Relief and hold ourselves accountable to our donors and beneficiaries.
As a nonâprofit organisation, MERCY Malaysia relies solely on funding and donations from organizations and generous individuals to continue our services to provide humanitarian assistance to our beneficiaries.
For further information, please contact:- S Vikneshwaran Head, Investor &
Media Relations UMW Corporation Sdn. Bhd. +603 5163 5044 / +6019
850 5799 vikneshwaran.s@umw.com.my
UMW Registers Profit Before Tax of 479 Million for 1Q14
Shah Alam, 23 May 2014 - UMW Holdings Berhad announced today that the Group revenue of RM3,583.4 million for the first quarter ended 31st March 2014 was RM224.1 million or 6.7% higher than the RM3,359.3 million recorded in the same period of 2013. The improved revenue was mainly contributed by higher sales of motor vehicles and oil and gas drilling services.
Consequently, a higher profit before taxation of RM479.4 million was recorded for the first quarter ended 31st March 2014 compared to RM432.7 million recorded in the same period of 2013. The Automotive and Oil & Gas segments contributed to the better profit performance.
Dr. Wafi Nazrin Abdul Hamid, Executive Director, UMW
Corporation Sdn. Bhd. presented a mock cheque for the
sponsorship to Sr. Datoâ Zaharin Md. Arif, President, Malaysian
Zoological Society during a presentation ceremony at Zoo Negara
Malaysia on 28 April 2014.
The net profit attributable to equity holders of the Company for the first quarter ended 31st March 2014 has increased by RM15.8 million or 7.2%, to RM235.5 million from RM219.7 million registered in the previous yearâs corresponding quarter.
Automotive Segment
Revenue for the Automotive Segment for the first quarter of 2014 of RM2,656.4 million increased by RM264.3 million or 11.1% from the RM2,392.1 million registered in the first quarter of 2013. Overall Toyota vehicles sales improved by 16.7% compared to the previous corresponding quarter. The increase was mainly driven by Vios and Altis full model change.
In line with the higher revenue, profit before taxation in the first quarter of 2014 of RM406.6 million recorded an increase of RM38.5 million or 10.5% from RM368.1 million registered in the previous corresponding quarter. Higher sales of 6% from Alza and new MyVi also contributed to a better profit before taxation.
Equipment Segment
Equipment Segment recorded a revenue of RM434.9 million compared to RM479.4 million recorded in the same period of 2013.
Our overseas subsidiaries have recorded lower revenue due to the continued drop in commodity prices in Papua New Guinea and the continued suspension of mining activities in Myanmar.
In line with the reduction in revenue, profit before taxation for the Equipment Segment reduced to RM39.1 million from RM59.1 million recorded in the previous corresponding quarter.
Oil & Gas Segment
Revenue for the Oil & Gas Segment of RM195.6 million for the current quarter was higher than the same quarter of 2013 of RM157.5 million.
The improved revenue in Q1 2014 was contributed by -
Full contribution from NAGA 4 which commenced operations on 5th April 2013;
Higher Daily Operating Rates for NAGA 2; and
Higher operating days for NAGA 1.
In tandem with the increase in revenue, profit before taxation increased to RM58.3 million in the current quarter of 2014 from RM20.6 million registered in the preceding yearâs corresponding quarter. In addition, the profit before taxation improved further from the higher investment income from placement of the IPO proceeds.
Manufacturing & Engineering Segment
Manufacturing & Engineering Segmentâs revenue for the current quarter of RM181.9 million was marginally higher than that of the same quarter in 2013. Higher revenue was due to better sales from its subsidiaries in India. Profit before taxation increased marginally in line with the increase in revenue.
About UMW
The UMW Group is an international conglomerate that
develops industries, manages partnerships and facilitates
growth. It is involved in four core businesses â Automotive,
Equipment, Manufacturing & Engineering, and Oil & Gas.
Adopting
its rallying call â Beyond BoundariesÂŽ, UMW is set to play a
leading role in shaping the future of its industries globally.
The Company will do this by inspiring vibrant ideas, nurturing
potential, pioneering partnerships and delivering excellence in
everything it does; the rewards of which will contribute to the
progress and well-being of all its stakeholders.
For further information, please contact:- S Vikneshwaran Head, Investor &
Media Relations UMW Corporation Sdn. Bhd. +603 5163 5044 / +6019
850 5799 vikneshwaran.s@umw.com.my
Dr Wafi Nazrin (3rd from right) presenting the mock cheque to
Datoâ Zaharin (2nd from right), witnessed by Zoo Negara
management.
Kuala Lumpur, 5 May
2014 - As part of its Corporate Social Responsibility
programme, UMW Corporation Sdn. Bhd. is sponsoring the
conservation of six giraffes at Zoo Negara Malaysia. The
sponsorship of RM 60, 000 is for a period of one year.
The sponsorship of giraffes, the tallest living terrestrial
animals, is also a visual alignment to UMWâs brand tagline,
âBeyond Boundariesâ. This initiative is part of their strategy
to further strengthen and publicize UMW as a brand to the public
and foreign visitors at Zoo Negara since it receives more than
one million visitors yearly.
Dr. Wafi Nazrin Abdul Hamid, Executive Director, UMW
Corporation Sdn. Bhd. presented a mock cheque for the
sponsorship to Sr. Datoâ Zaharin Md. Arif, President, Malaysian
Zoological Society during a presentation ceremony at Zoo Negara
Malaysia on 28 April 2014.
Zoo Negara Malaysia is wholly-owned and managed by the
Malaysian Zoological Society (MZS), which is a non-governmental
organisation. MZS is dedicated to promote the conservation,
public appreciation and scientific of wild animal species
through operating Zoo Negara Malaysia to the highest possible
standards for a zoological park.
About UMW
The UMW Group is an international conglomerate that
develops industries, manages partnerships and facilitates
growth. It is involved in four core businesses â Automotive,
Equipment, Manufacturing & Engineering, and Oil & Gas.
Adopting
its rallying call â Beyond BoundariesÂŽ, UMW is set to play a
leading role in shaping the future of its industries globally.
The Company will do this by inspiring vibrant ideas, nurturing
potential, pioneering partnerships and delivering excellence in
everything it does; the rewards of which will contribute to the
progress and well-being of all its stakeholders.
For further information, please contact:- S Vikneshwaran Head, Investor &
Media Relations UMW Corporation Sdn. Bhd. +603 5163 5044 / +6019
850 5799 vikneshwaran.s@umw.com.my
UMW Registers RM334 Million
PBT for 4Q13; Pays 9 sen Dividend
Shah Alam, 26
February 2014 - UMW Holdings Berhad announced today
that the Group recorded lower revenue of RM3,891.8 million for
the fourth quarter ended 31st December 2013 compared to RM4,050.4
million recorded in the same period of 2012. The lower revenue
was mainly contributed by the lower sales of motor vehicles and
equipment.
Consequently, the Group recorded a lower
profit before taxation of RM333.7 million compared to RM471.0
million recorded in the same period of 2012. This was mainly due
to lower contributions from the Automotive and M&E segments
offset by improved contributions from the Equipment and Oil & Gas
segments. In spite of the lower revenue performance of the
Equipment Segment, profit contribution from this segment was
higher due to better margins.
The net profit attributable to equity holders of the Company for
the fourth quarter ended 31st December 2013 was RM109.1 million
compared to RM250.9 million in the previous year's corresponding
quarter.
Automotive Segment
The new Vios model that was launched only in October 2013
contributed to the lower revenue of RM2,866.9 million in the
quarter ended 31st December 2013 as compared to the same quarter
of 2012. Order-taking for the new Vios was encouraging with total
cumulative order of about 20 thousand units, with a waiting
period of 3.5 months immediately after the initial launch which
subsequently reduced to 2.8 months by December 2013. Overall
vehicle sales improved compared to the previous quarter but was
lower than the same quarter of 2012. Perodua recorded an increase
in vehicle sales of 3.1% in the fourth quarter of 2013 compared
to the corresponding quarter in 2012, contributed by higher sales
of the new MyVi. In line with the lower revenue, profit before
taxation recorded in the fourth quarter of 2013 of RM390.9
million was lower than that of the same quarter of 2012.
Equipment Segment
Revenue for Equipment Segment was RM371.1 million, lower
than that of the same period of 2012. The drop in commodity
prices and continued suspension of mining activities in a country
where we operate resulted in lower demand of our equipment during
the quarter.
Nevertheless, profit before taxation of
the Equipment Segment of RM24.5 million was higher than that of
the previous year's corresponding quarter. The improvement was
contributed by better margins.
Oil & Gas Segment
Revenue for the Oil & Gas Segment of RM206.0 million for the
current quarter was higher compared to the same quarter of 2012
of RM128.2 million, mainly due to higher exploration income
especially from the new NAGA 4.
In tandem with the
increase in revenue, profit before taxation increased to RM54.5
million in the current quarter of 2013 from RM12.5 million
registered in the preceding year's corresponding quarter.
Manufacturing & Engineering Segment
Revenue for the Manufacturing & Engineering Segment for the
current quarter of RM184.0 million was higher than that of the
same quarter in 2012. However, this segment registered a loss
before taxation of RM11.6 million for the quarter due to the
current downturn of the automotive industry and impairment of
assets of our subsidiaries in India.
Dividend
The Board has declared a third interim single-tier dividend
of 18% or 9.0 sen per share of RM0.50 each, amounting to a net
dividend payable of approximately RM105.1 million (2012 - RM292.1
million) for the financial year ended 31st December 2013. The
dividend will be paid on 25th April 2014.
The total
single-tier dividend for the financial year ended 31st December
2013 would be 88% or 44.0 sen per share of RM0.50 each, amounting
to a net dividend of approximately RM514.0 million (2012 ' 100%
or 50.0 sen per share of RM0.50 each, amounting to a net dividend
of RM584.2 million).
About UMW
The UMW Group is an international conglomerate that develops
industries, manages partnerships and facilitates growth. It is
involved in four core businesses - Automotive, Equipment,
Manufacturing & Engineering, and Oil & Gas.
Adopting
its rallying call 'Beyond Boundaries', UMW is set to play a
leading role in shaping the future of its industries globally.
The Company will do this by inspiring vibrant ideas, nurturing
potential, pioneering partnerships and delivering excellence in
everything it does; the rewards of which will contribute to the
progress and well-being of all its stakeholders.
For further information, please contact:- S Vikneshwaran Manager,
Investor & Media Relations UMW Corporation Sdn. Bhd. +603
5163 5044 / +6019 850 5799 vikneshwaran.s@umw.com.my
Presentation of Quality Environment Awards / 5s Certificates and Launch of The UMW Kaizen Programme
Shah Alam, 12 December 2013 - The UMW Group announced that several companies under its stable have been awarded the Quality Environment Awards / 5S certification by the Malaysia Productivity Corporation (MPC). The certifications indicate the strong commitment and determination of the companies to enhance and improve their processes, in tandem with the Continuous Improvement Programme (CIP). A total of 45 business locations under UMW Industrial Power Sdn. Bhd., UMW Equipment Sdn. Bhd., UMW Industries Sdn. Bhd., UMW East Malaysia Sdn. Bhd., UMW Oilpipe Services Sdn. Bhd., UMW Engineering & Pvt. Ltd. Singapore and the Group Human Resource Division have achieved this recognition.
In 2011, UMWâs Training & Development Department had introduced the CIP Framework which contains five core programmes, namely 5S, Kaizen, Suggestion Scheme, Total Productive Maintenance and Lean Manufacturing. CIP is a result-driven programme that not only provides systems for cost management measures, it also aims to heighten excellence in work culture. The planned initiatives are to be implemented in three phases over a six-year period.
Next year, the focus will be on Kaizen, which will be KPI-based, structured and systematic. The Kaizen Programme will act as a mechanism to improve the Groupâs daily business workflow by focusing on eliminating waste in all systems and processes. This will optimise operations and lead to better cost management for the Group. This programme has also been identified as a key initiative in UMWâs 2014 Business Plan. UMW is training and developing its people to improve their ability to meet expectations of high quality, low cost and on-time delivery.
UMW continues its partnership with MPC in its pursuit towards Organisational Excellence. MPCâs position as the leading organisation in productivity enhancement will assist UMW by sharing its expertise on productivity enhancement models, talent development through training, system development and best practices, as well as audit & assessment, certification and convention. This strong alliance is a key success factor as UMW strives to achieve the Prime Ministerâs Industry Excellence Award (PMIEA). In this journey towards PMIEA, UMW will prepare itself for certifications through the Malaysia Business Excellence Framework.
The presentation and launch ceremony was officiated by Datuk Dr. Rebecca Fatima Sta Maria, Secretary General, Ministry of International Trade and Industry and Datoâ Mohd Razali Hussain, Director General of MPC.
About UMW
The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in four core businesses â Automotive, Equipment, Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call - Beyond BoundariesÂŽ, UMW is set to play a leading role in shaping the future of its industries globally. The Group will do this by inspiring vibrant ideas, nurturing potential, pioneering partnerships and delivering excellence in everything it does; the rewards of which will contribute to the progress and well-being of its stakeholders.
For further information, please contact:- S Vikneshwaran Manager, Investor & Media Relations UMW Corporation Sdn. Bhd. +603 5163 5044 / +6019 850 5799 vikneshwaran.s@umw.com.my
UMW Registers RM246 Million PBT for 3Q13; Pays 15 Sen dividend and A Special Dividend of 10 Sen
Shah Alam, 21 November 2013 - UMW Holdings Berhad announced today that the Group recorded lower revenue of RM3,456.6 million for the third quarter ended 30th September 2013 compared to RM3,957.5 million in the same period of last year. The lower revenue was mainly contributed by the lower sales of Automotive and Equipment segments.
Consequently, the Group recorded a lower profit before taxation of RM245.6 million for the third quarter ended 30th September 2013 compared to RM595.8 million of the same period last year. This was mainly due to lower contributions from the Automotive and Manufacturing & Equipment segments but offset by higher contributions from the Equipment and Oil & Gas segments.
The net profit attributable to equity holders of the Company in the third quarter of 2013 was RM101.5 million compared to RM299.1 million registered in the same quarter of 2012.
Automotive Segment
Revenue of RM2,433.3 million for the current quarter ended 30th September 2013 was lower than RM2,934.9 million recorded in the same quarter last year. Intense competition from the new models launched by competitors had resulted in lower demand for Toyota vehicles thus a 22.0% reduction in the number of vehicles sold. Vios model run-out during the quarter pending the new model launch in Oct 2013 also contributed to the lower revenue. Perodua on the other hand, recorded an increase in vehicle sales of 5.8% in the 3rd quarter of 2013 compared to the corresponding quarter in 2012, contributed by higher sales of the new MyVi.
In line with the lower revenue, the profit before taxation recorded in the third quarter of 2013 of RM294.9 million was lower than the RM511.2 million recorded in the same quarter of 2012.
Equipment Segment
Revenue of the Equipment segment was RM410.8 million, lower than that of the same period last year of RM527.7 million. Lower demand for parts and equipment resulting from the weaker construction sector, drop in commodity prices as well as the drop in mining activities at our overseas operating companies, led to the reduction in the revenue.
Notwithstanding the above, the profit before taxation of the Equipment segment increased to RM55.6 million from RM53.4 million recorded in the previous yearâs corresponding quarter. The improvement was contributed by better margin and derivative fair value gain.
Oil & Gas Segment
Revenue of the Oil & Gas segment of RM205.3 million for the current quarter was higher compared to the same quarter of 2012 of RM167.6 million, mainly due to the higher exploration income especially from the new NAGA 4.
In line with the increase in revenue, profit before taxation increased to RM54.5 million in the current quarter from RM13.9 million registered in the preceding yearâs corresponding quarter.
Manufacturing & Engineering Segment
Revenue for the Manufacturing & Engineering segment for the current quarter of RM188.9 million was higher than the RM177.0 million recorded in the same quarter of 2012. However, this segment registered a loss before taxation of RM31.1 million for the quarter. The loss was mainly contributed by the impairment of assets and weakening of the Indian Rupee which resulted in an unrealised forex loss on the USD loans.
Dividend
The Board has declared a second interim single-tier dividend of 30% or 15.0 sen (2012 - 30% or 15.0 sen) and a special interim single-tier dividend of 20% or 10.0 sen per share of RM0.50 each, amounting to a net dividend payable of approximately RM175.2 million (2012- RM175.2 million) and RM116.8 million, respectively, for the year ending 31st December 2013, to be paid on 20th January 2014.
About UMW
The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in four core businesses â Automotive, Equipment, Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call - Beyond BoundariesÂŽ, UMW is set to play a leading role in shaping the future of its industries globally. The Group will do this by inspiring vibrant ideas, nurturing potential, pioneering partnerships and delivering excellence in everything it does; the rewards of which will contribute to the progress and well-being of its stakeholders.
For further information, please contact:- S Vikneshwaran Manager, Investor & Media Relations UMW Corporation Sdn. Bhd. +603 5163 5044 / +6019 850 5799 vikneshwaran.s@umw.com.my
Shah Alam, 20 November 2013 - UMW Lubricant International Sdn Bhd (âULIâ), a wholly-owned subsidiary in the UMW Group, has entered into a new Distribution Agreement with Repsol Lubricantes Y Especialidades, S.A. (âREPSOLâ) for the appointment of ULI as the exclusive distributor of REPSOL branded automotive, motorcycle and industrial lubricating oils and ancillary products, excluding marine oils. The agreement is for an initial term of ten years, commencing 1st January 2014 and expiring 31st December 2023, with options for further extensions to be agreed by ULI and REPSOL.
The said appointment includes the importation, marketing, sale, distribution, manufacturing and/or toll blending of REPSOL rebranded products by ULI within the territories specified in the REPSOL Agreements. In respect of the territory of the Peopleâs Republic of China, ULI has assigned its rights and obligations under the said Distribution Agreement to its affiliate Lubritech Limited.
UMW, with its strong presence in Asia, extensive experience in managing partners and financial stability, has found a world class brand and committed partner in REPSOL. REPSOL, on the other hand, has found the perfect strategic partner in UMW to help its market penetration into Asia as part of its international expansion plan.
REPSOL is a leading company and expert in energy and is currently present in over thirty countries throughout the world. Its business activities cover the upstream division which includes oil and natural gas exploration and production activities outside Argentina; the downstream business which is made up of supply and trading, refining, marketing, and the transport of oil and oil products, chemicals and LPG; the Liquefied Natural Gas (âLNGâ) activities which include liquefaction, transport, marketing, and regasification of LNG, in addition to power generation activities in Spain not carried out by Gas Natural SDG and natural gas marketing in North America.
About UMW
The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in four core businesses â Automotive, Equipment, Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call - Beyond BoundariesÂŽ, UMW is set to play a leading role in shaping the future of its industries globally. The Group will do this by inspiring vibrant ideas, nurturing potential, pioneering partnerships and delivering excellence in everything it does; the rewards of which will contribute to the progress and well-being of its stakeholders.
For further information, please contact:- S Vikneshwaran Manager, Investor & Media Relations UMW Corporation Sdn. Bhd. +603 5163 5044 / +6019 850 5799 vikneshwaran.s@umw.com.my
UMW Celebrates Deepavali with Rumah Kebajikan Karunai Illam
Shah Alam, 31 October 2013 - As part of its annual Corporate Social Responsibility (CSR) efforts, in conjunction with Deepavali celebrations, the UMW Group recently brought cheer and joy to 41 children from Rumah Kebajikan Karunai Illam, Kepong. In the first part of the programme, the children were treated to lunch at a KFC restaurant in Sunway. Immediately after lunch was an in-door session of games where both children and volunteers could actively participate. The games created a warm atmosphere of fun with lots of prizes, keeping the children coming for more.
Later, the children were chaperoned by UMWâs CSR team on a âDeepavaliâ shopping spree at the Sunway Pyramid. Each child was allocated with RM200 for their shopping expenses. While most children opted for clothes, there were others who preferred personal items like watches, shoes and belts. UMW also contributed RM3,000 in cash to the home to help support their benevolent work.
Rumah Kebajikan Karunai Illam is a home for underprivileged children who come from broken homes or orphaned, many neglected and abused. The home located in Taman Ehsan, Kepong, has been registered with Jabatan Kebajikan Masyarakat since 2001. Karunai Illam provides residential care, education, counseling and guidance to empower these children to develop and become good citizens.
The UMW Group has a long tradition of supporting non-profit and non-political organisations through its community programmes. The Groupâs Corporate Social Responsibility (CSR) strategy is comprehensive and goes beyond just funding charitable projects, benchmarking against international best practices in the marketplace, the workplace, the environment and the community.
About UMW
The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in four core businesses â Automotive, Equipment, Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call - Beyond BoundariesÂŽ, UMW is set to play a leading role in shaping the future of its industries globally. The Group will do this by inspiring vibrant ideas, nurturing potential, pioneering partnerships and delivering excellence in everything it does; the rewards of which will contribute to the progress and well-being of its stakeholders.
For further information, please contact:- S Vikneshwaran Manager, Investor & Media Relations UMW Corporation Sdn. Bhd. +603 5163 5044 / +6019 850 5799 vikneshwaran.s@umw.com.my
Shah Alam, 8 October 2013 - The UMW Technical Academy (UTAc) was officially launched by Datuk Richard Riot, Minister of Human Resources. The opening of this Academy is part of UMWâs initiative and commitment under the âUpward Mobility Schemeâ, which falls under the âOrange Bookâ of the Government-Linked Companies Transformation Programme (GLCTP). UMW actively supports the scheme as it focuses on capacity building through training and enhancing career progression for non-executive staff. UMW is committed to develop skilled personnel by conducting appropriate training and certification through a series of programmes.
The objective of UTAc is to train, develop and produce skilled workers to realise our vision to be a developed nation by 2020. The Academy is equipped with a comprehensive range of equipment and machinery for apprentice personnel to gain wider knowledge and experience in handling heavy equipment.
The first batch of 11 apprentices, mostly junior mechanics, joined the academy in February this year under the SLDN (Skim Latihan Dual Nasional) Programme, for a two and a half-year course titled âEarth Moving Equipmentâ. The course focuses more on practical learning, which includes on-the-job training, which constitutes between 70% and 80% of their tiem, with the remaining being, theory. The practical courses will be conducted at UMW Equipment Sdn. Bhd. and UMW (EM) Sdn. Bhd. workshops in Peninsular Malaysia, Sabah and Sarawak. Over the course, the apprentices will complete 8 modules, from HE 1 to HE 8. The final examination will be divided into three categories, namely, theory, oral and practical. As this is a single-tier programme, the apprentices will receive the Sijil Kemahiran Malaysia (SKM) 1, 2 and 3 after the two and a half-year course. UMW has allocated a maximum of 20 apprentices for each course.
âAs a partner in the SLDN programme, UMW is providing facilities for learning theory as well as practical learning workshops at 13 locations in Peninsular Malaysia, Sabah and Sarawak. We provide additional support for the programme by preparing the trainersâ module and providing 23 trainersâ, said Datuk Syed Hisham bin Syed Wazir, President and Group CEO, UMW Holdings Berhad. He added that he would like to see the SLDN programme for heavy equipment becoming a flagship programme in the future. He expressed hope that the programmes will develop in the future to include other disciplines like forklift operations and other areas in the manufacturing industry.
About UMW
The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in four core businesses â Automotive, Equipment, Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call - Beyond BoundariesÂŽ, UMW is set to play a leading role in shaping the future of its industries globally. The Group will do this by inspiring vibrant ideas, nurturing potential, pioneering partnerships and delivering excellence in everything it does; the rewards of which will contribute to the progress and well-being of its stakeholders.
For further information, please contact:- S Vikneshwaran Manager, Investor & Media Relations UMW Corporation Sdn. Bhd. +603 5163 5044 / +6019 850 5799 vikneshwaran.s@umw.com.my
KYB-UMW Celebrates 30th Anniversary Donates RM100,000.00 to Charity
Kuala Lumpur, 14 September 2013 - KYB-UMW Malaysia Sdn. Bhd. (KYB-UMW), a member of the UMW Group, celebrated its 30th anniversary at a gala dinner at the Majestic Hotel. The highlight of its anniversary celebration was the contribution of RM100,000.00 to the Budimas Charitable Foundation.
As part of its anniversary celebrations, KYB-UMW announced the âCaring & Sharingâ corporate social responsibility (CSR) programme that was introduced last year. Under the initiative, KYB-UMW pledged to donate 10 sen for each shock absorber sold under the KYB business segment from 1 January 2012 to 31 December 2012 to the Budimas Charitable Foundation. In addition to this, they also provide financial support to other charitable organisations in Malaysia.
KYB-UMW is the leading manufacturer of automotive and motorcycles shock absorbers in Malaysia. It has two manufacturing plants in Teluk Panglima Garang, Kuala Langat with 900 employees. Through the strong bilateral relationship and cooperation between KYB-UMW and Japanâs KYB Corporation, the KYB-UMW Group currently exports 20% of its products to 27 countries worldwide. This is an important business segment for KYB-UMW and it hopes to expand this market further. Currently, they are working closely with KYB Corporation, Japan on technology transfer and training people to elevate their skills to meet the challenging global environment to achieve the ideal manufacturing base by 2017.
The 30th anniversary gala dinner was graced by the presence of HE Mr. Shigeru Nakamura, the Ambassador of Japan to Malaysia. Also present were Datuk Syed Hisham bin Syed Wazir, President and Group CEO, UMW Holdings Berhad and Mr. Kazuhisa Ikenoya, Executive Vice-President, KYB Corporation, Japan.
About KYB-UMW
Since its inception 30 years ago, KYB-UMW has grown from its humble beginnings to become one of the largest manufacturers of automotive and motorcycles shock absorbers in Malaysia. With its reputation for reliability, quality, comfort and most importantly safety, it has instilled a strong sense of confidence in its consumers. The products are manufactured under very strict manufacturing standards and are in compliance with international requirements thus propelling it to be a global company.
About UMW
The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in four core businesses â Automotive, Equipment, Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call - Beyond BoundariesÂŽ, UMW is set to play a leading role in shaping the future of its industries globally. The Group will do this by inspiring vibrant ideas, nurturing potential, pioneering partnerships and delivering excellence in everything it does; the rewards of which will contribute to the progress and well-being of its stakeholders.
For further information, please contact:- S Vikneshwaran Manager, Investor & Media Relations UMW Corporation Sdn. Bhd. +603 5163 5044 / +6019 850 5799 vikneshwaran.s@umw.com.my
UMW Registers RM443 Million PBT For 2Q13, Pays 10 Sen Dividend
Shah Alam, 30 Aug 2013 - UMW Holdings Berhad announced today that its Group revenue of RM3,499.2 million for the second quarter ended 30th June 2013 was lower than the RM4,108.9 million registered in the preceding year's corresponding quarter by 14.8%. This was due to the lower contribution of revenue from the Automotive, Oil & Gas and Equipment segments.
Consequently, the Group profit before taxation of RM443.2 million for the second quarter ended 30th June 2013 reduced by 14.2% compared to RM516.8 million registered in the same quarter of 2012. This was mainly due to lower contributions from the Automotive, Equipment and M&E segments but offset by higher profit contribution from the Oil & Gas segment.
The net profit attributable to equity holders of the Company in the second quarter of 2013 however increased by 12% to RM251.0 million from the RM224.2 million registered in the same quarter of 2012. The increase was due to the better margins in the Oil & Gas segment.
Automotive Segment Total industry volume ("TIV") as reported by Malaysian Automotive Association ("MAA") for the 2nd quarter of 2013 of 155,824 units was 4.2% lower than 162,725 units recorded in the corresponding quarter in 2012. Sale of Toyota vehicles was 18.6% lower in line with the reduction in the TIV, as well as intense competition from new models launched by competitors. Perodua on the other hand, recorded an increase in vehicle sales of 9.8% in the 2nd quarter of 2013 compared to the corresponding quarter in 2012, contributed by higher sales of the new MyVi.
In line with the lower revenue, the profit before taxation recorded in the second quarter of 2013 of RM358.1 million was 27.0% lower than the RM490.3 million recorded in the same quarter of 2012. The reduction was attributable to higher selling and distribution expenses resulting from increase in promotional and advertising activities.
Toyota and Perodua vehicle sales of 74,503 units constitute 47.8% of the TIV of 155,824 units reported by MAA for the quarter ended 30th June 2013.
Equipment Segment Revenue of the Equipment segment declined by 20.7%, from RM560.2 million recorded in the corresponding quarter of 2012 to RM444.2 million registered in the current quarter. The reduction in sales was due to lower demand for parts and equipment resulting from the weaker construction sector as well as the drop in mining activities at our overseas subsidiary.
In line with the above, the profit before taxation of the Equipment segment reduced by 8.5%, from RM56.7 million recorded in the corresponding quarter of 2012 to RM51.9 million for the current quarter.
Oil & Gas Segment Revenue of the Oil & Gas segment for the current quarter ended 30th June 2013 was lower by 10.1% compared to the same quarter of 2012 mainly due to the expiration of a semi-submersible rig contract for Hakuryu 5 in January 2013.
Notwithstanding the above, profit before taxation increased to RM75.8 million in the current quarter from RM18.5 million registered in the preceding year's corresponding quarter resulting from :
a) new contribution from NAGA 4; b) lower repairs and maintenance cost following completion of the Deepdish project for NAGA 1;and c) completion of a sale of property by one of the subsidiaries.
Manufacturing & Engineering Segment Revenue for the Manufacturing & Engineering segment for the current quarter of RM187.9 million was higher than the RM177.0 million recorded in the same quarter of 2012. However, this segment registered a loss before taxation of RM2.5 million for the quarter. The loss was mainly contributed by the weakening of the Indian Rupee which resulted in an unrealised forex loss on the USD loans of the subsidiaries in India.
Dividend The Board is pleased to declare an interim single-tier dividend of 20% or 10.0 sen (2012 - 20% or 10.0 sen) per share of RM0.50 each, amounting to a net dividend payable of approximately RM116.8 million (2012- RM116.8 million) for the year ending 31st December 2013, to be paid on 8th October 2013.
Shah Alam, 1 August 2013 - In discharging its duties as a good corporate citizen, the UMW Group paid a corporate zakat of RM1,011,996.00 to Lembaga Zakat Selangor, a body under Majlis Agama Islam Selangor (MAIS). The payment was for the assessment year 2012. A cheque for the amount was presented to Sultan Sharafuddin Idris Shah, the Sultan of Selangor by UMW Group Chairman, Tan Sri Asmat Kamaludin at Masjid Kampung Telok Menegon, Klang.
UMW, with Permodalan Nasional Berhad (PNB) as the majority shareholder, is considered a Bumiputra company where the majority of its employees are Muslims, thus the obligation for the company to pay zakat. The payment of zakat is practiced by a number of companies under the PNB Group as well as other Government-linked Companies (GLCs).
The guidelines of Lembaga Zakat Selangor allow a payee company to utilise a maximum of 3/8 or 37.5% of its zakat for distribution to the underprivileged in accordance to the shariah. UMW is considering to use the funds for its CSR activities.
The obligation to pay zakat is based on the clear and undisputed order in the Quran, Hadith and the consensus of shariah scholars. The word zakat itself means purification and growth.
About UMW
The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in four core businesses â Automotive, Equipment, Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call - Beyond BoundariesÂŽ, UMW is set to play a leading role in shaping the future of its industries globally. The Group will do this by inspiring vibrant ideas, nurturing potential, pioneering partnerships and delivering excellence in everything it does; the rewards of which will contribute to the progress and well-being of its stakeholders.
For further information, please contact:- S Vikneshwaran Manager, Investor & Media Relations UMW Corporation Sdn. Bhd. +603 5163 5044 / +6019 850 5799 vikneshwaran.s@umw.com.my
UMW Celebrates Ramadhan with Rumah Amal Kasih Bestari
Shah Alam, 24 July 2013 - As part of its annual CSR efforts and in conjunction with the holy month of Ramadhan, the UMW Group recently treated 39 children from Rumah Amal Kasih Bestari, Kampung Melayu Subang. In the first part of the programme, the children were chaperoned by the CSR team to a âHari Rayaâ shopping trip to a mall in Klang. Each child received RM200 for clothing expenses and RM50 as âDuit Rayaâ. The children were then ushered to UMWâs Corporate Office in Shah Alam for a âbuka puasaâ treat with the senior management and staff of the UMW Group.
Rumah Amal Kasih Bestari (RAKB) was established in September 2007 and is registered with the Welfare Department of Malaysia. It was set up to provide assistance and support to orphans and children from the poor and destitute families. Currently, the home cares for the needs of about 50 children.
UMW President & Group CEO, Datuk Syed Hisham Syed Wazir said, âThrough events like this, we hope to give back to the community and spread some Aidilfitri joy among the childrenâ. Later, Datuk Syed Hisham, together with Tan Sri Asmat Kamaludin, UMW Group Chairman, presented a cheque for RM3,000 to the home.
Before leaving UMW, the children were also presented with some Hari Raya cookies and âkurmaâ.
The UMW Group has a long history of supporting non-profit and non-political organisations through its community programmes. The Groupâs Corporate Social Responsibility (CSR) strategy is comprehensive and goes beyond just funding charitable projects, benchmarking against international best practices in the marketplace, the workplace, the environment and the community.
About UMW
The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in four core businesses â Automotive, Equipment, Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call - Beyond BoundariesÂŽ, UMW is set to play a leading role in shaping the future of its industries globally. The Group will do this by inspiring vibrant ideas, nurturing potential, pioneering partnerships and delivering excellence in everything it does; the rewards of which will contribute to the progress and well-being of its stakeholders.
For further information, please contact:- S Vikneshwaran Manager, Investor & Media Relations UMW Corporation Sdn. Bhd. +603 5163 5044 / +6019 850 5799 vikneshwaran.s@umw.com.my
Kedah, Alor Setar, 27 June 2013 - 120 Sekolah Ugama Maktab Mahmud form 5 students discovered that with the right mindset, they too can speak English confidently. The key is in having the right mindset and attitude towards the language and to drop the fear of being afraid of what people might say or how people might tease them.
The lucky students had that discovery through a 2-day fun-filled workshop called 'JustSpeak: Developing Confidence with English' â a programme sponsored by UMW Corporation as part of their Corporate Social Responsibility initiative.
The programme ran for 2 days at Maktab Mahmud Alor Setar for 120 students who came from all 12 schools around Kedah. They include Baling, Sik, Yan, Pendang, Merbok, Bandar Bharu, Padang Terap, Kulim, Langkawi , Pokok Sena, Kuala Muda and Alor Setar.
Nur Syazana Bt Mohd Fauzi, 15, said, âI learned to be confident to speak in public. The JustSpeak programme showed me how to be more confident and overcome my fear of speaking in English with the publicâ. Syahman Zakiri Bin Noor Arman, 14, said, âI learned to be confident and brave as well as not to be shy'.
The workshop incorporates Accelerated Learning methodology coupled with some NLP (Neuro Linguistic Programming) techniques that are fun and easy to follow by the students. The JustSpeak programme has been conducted over the past 4 years all over the country, raising the confidence level of teachers, corporate executives and students. The JustSpeak programme has since raised the confidence level of thousands of participants who were once shy to speak
Background on UMW
The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in four core businesses â Automotive, Equipment, Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call - Beyond BoundariesÂŽ, UMW is set to play a leading role in shaping the future of its industries globally. The Group will do this by inspiring vibrant ideas, nurturing potential, pioneering partnerships and delivering excellence in everything it does; the rewards of which will contribute to the progress and well-being of its stakeholders.
For further information, please contact:- S Vikneshwaran Manager, Investor & Media Relations UMW Corporation Sdn. Bhd. +603 5163 5044 / +6019 850 5799 vikneshwaran.s@umw.com.my
KUALA LUMPUR, 26 June 2013 - UMW Petrodril (Malaysia) Sdn Bhd (âUMWâ), a wholly-owned subsidiary of UMW Holdings Berhad has received a letter of award on last Monday, from PVD Trading and Technical Services Joint Stock Company (âPVD Techâ) a subsidiary of Petrovietnam Drilling & Well Services Corporation (âPV Drillingâ) for the provision of a hydraulic workover unit and services.
It involves the provision of one of UMWâs hydraulic workover unit, GAIT 3, and related services to PVD Tech in support of workover for the end client, Cuu Long Joint Operating Company.
President of UMW Oil & Gas Corporation Berhad, Rohaizad Darus said, âWe are honoured to be entrusted by PVD Tech this time around to provide a hydraulic workover unit and related services in support of workover operations for the Su Tu Vang Workover Program. This is the second contract awarded to UMW by PV Drilling Group in a span of three (3) months this year and is expected to contribute positively to the revenue of UMW."
UMW Holding Berhad's jack-up drilling rig NAGA 2 is currently servicing PV Drilling on a contract valued at approximately USD31million awarded in March this year.
Background on UMW
The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in four core businesses â Automotive, Equipment, Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call - Beyond BoundariesÂŽ, UMW is set to play a leading role in shaping the future of its industries globally. The Group will do this by inspiring vibrant ideas, nurturing potential, pioneering partnerships and delivering excellence in everything it does; the rewards of which will contribute to the progress and well-being of its stakeholders.
For further information, please contact:- S Vikneshwaran Manager, Investor & Media Relations UMW Corporation Sdn. Bhd. +603 5163 5044 / +6019 850 5799 vikneshwaran.s@umw.com.my
Shah Alam, 20 June 2013 - The UMW Group announced today the renewal of its existing partnership with MERCY Malaysia. The partnership has seen UMW provide over RM1.8 million in funds, including the supply of 5 vehicles â 3 Toyota Hilux, 1 Toyota Hiace and 1 Toyota Innova. The Group has also contributed more than 4,200 hours in manpower support of MERCY Malaysia's programmes, particularly for the rural and vulnerable communities in Sabah, Sarawak and Johor since 2009. To commemorate this event, a signing ceremony between UMW and MERCY Malaysia was held at UMW's corporate headquarters in Shah Alam. Dato' Dr. Ahmad Faizal Mohd Perdaus, President, MERCY Malaysia and Datuk Syed Hisham Syed Wazir, President & Group CEO, UMW Corporation Sdn. Bhd. were present at the ceremony.
For 2013, the UMW Group has allocated a budget of RM407,215.00 to MERCY Malaysia. The grant will be used to fund activities which include 7 Outreach Clinics for the indigenous community in the rural areas of Sabah, 4 Outreach Clinics in the rural areas of Sarawak and 2 Outreach Clinics in Johor, as well as a Disaster Risk Reduction Programme for the disabled community in Selangor. To date, approximately 14,563 people have benefitted from the programmes jointly organised by UMW and MERCY Malaysia.
"We know that the real value of our business comes from what we can give â the best products and services to our customers; a safe, healthy and supportive environment for our employees; and for the community at large, we aim to give what we can, be it financial donations or a helping hand to those most in need", said Datuk Syed Hisham Syed Wazir at the signing ceremony.
As an extension of UMW's CSR efforts, its employee-volunteer programme known as the UMW Community Champions have clocked nearly 11,721 hours in service to the community and is confident of achieving an additional 4,000 hours by the end of 2013. Selected Community Champions have undergone training programmes with MERCY Malaysia and have gone on to participate in various MERCY Malaysia activities around the country.
Background on UMW
The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in four core businesses â Automotive, Equipment, Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call - Beyond BoundariesÂŽ, UMW is set to play a leading role in shaping the future of its industries globally. The Group will do this by inspiring vibrant ideas, nurturing potential, pioneering partnerships and delivering excellence in everything it does; the rewards of which will contribute to the progress and well-being of its stakeholders.
About MERCY Malaysia
MERCY Malaysia is a nonâprofit organisation focusing on providing medical relief, sustainable health-related development and risk reduction activities for vulnerable communities in both crisis and non-crisis situations.
MERCY Malaysia recognises the value of working with partners and volunteers as well as providing opportunities for individuals to serve with professionalism.
We uphold the Code of Conduct for the International Red Cross and Red Crescent Movement and NGOs in Disaster Relief and hold ourselves accountable to our donors and beneficiaries.
As a nonâprofit organisation, MERCY Malaysia relies solely on funding and donations from organizations and generous individuals to continue our services to provide humanitarian assistance to our beneficiaries.
For further information, please contact:- S Vikneshwaran Manager, Investor & Media Relations UMW Corporation Sdn. Bhd. +603 5163 5044 / +6019 850 5799 vikneshwaran.s@umw.com.my
21 graduate from UMW - S.E.G.I General Management Programme
Shah Alam, 3 June 2013 - The UMW Group announced today that 21 of its employees had graduated from its Executive Diploma in General Management (EDGM) programme. The programme which was first launched in 2007 with SEGi University College, is aimed at providing supervisors and executives in UMW with the opportunity to equip themselves with advanced management skills and knowledge.
This objective is in-line with UMWâs aspirations of becoming a world-class organisation and allows the company to implement a strategic, structured and continuous development programme that enhances and broadens workforce skills and knowledge to operate across the business functions within its operations. To-date, more than 100 of UMW's employees have benefitted from the programme.
'The Group's growth in the past decade has been spectacular and we need to continually reflect this position in the quality of our workforce", said UMW President and Group CEO, Datuk Syed Hisham Syed Wazir, regarding the Group's commitment towards the programme.
This year, the programme will take in another 25 UMW employees for a period between 9 to 12 months where they will be exposed to various modules including finance, international business as well as marketing management. The Diploma will be awarded by UMW, SEGi and The University of Sunderland, UK.
The graduation ceremony was graced by the presence of UMW Chairman, Tan Sri Asmat Kamaludin, Tan Sri Dato' Seri Megat Najmuddin, Chairman, S.E.G. International and Datuk Syed Hisham Syed Wazir, UMW President and Group CEO.
About UMW
The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in four core businesses â Automotive, Equipment, Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call - Beyond BoundariesÂŽ, UMW is set to play a leading role in shaping the future of its industries globally. The Company will do this by inspiring vibrant ideas, nurturing potential, pioneering partnerships and delivering excellence in everything it does; the rewards of which will contribute to the progress and well-being of all its stakeholders.
For further information, please contact:- S Vikneshwaran Manager, Investor & Media Relations UMW Corporation Sdn. Bhd. +603 5163 5044 / +6019 850 5799 vikneshwaran.s@umw.com.my
Shah
Alam, 23 May 2013 - UMW Holdings Berhad announced today
that its Group revenue of RM3,359.3 million for the first quarter
ended 31 March 2013 was slightly lower than the RM3,700.0 million
registered in the preceding year's corresponding quarter by
RM340.7 million or 9.2%. This was contributed by the lower
revenue from the Automotive, Oil & Gas and Equipment
segments.
The Group profit before taxation for
the first quarter ended 31 March 2013 reduced to RM432.7 million
from the RM436.7 million registered in the same quarter of 2012,
a reduction of 0.9% or RM4.0 million. The result of the Group was
partly impacted by the unrealised fair value and foreign exchange
loss of RM19.5 million compared to the gain of RM20.5 million in
2012.
The net profit attributable to the
equity holders of the Company in the first quarter of 2013
reduced slightly to RM219.7 million from the RM220.0 million
registered in the same quarter of 2012, a reduction of RM0.3
million or 0.1%.
Automotive Segment
In the first quarter of 2013, UMW Toyota Motor sales was
10% lower than the same quarter of 2012. The shortfall was mainly
due to the intense competition from the launches of the new
models from the competitors. The sales of Perodua vehicles fell
by approximately 2.0% in the first quarter of 2013 compared to
the corresponding quarter in 2012.
In line
with the lower revenue, the profit before taxation recorded in
the first quarter of 2013 of RM368.1 million, was RM2.6 million
or 0.7% lower than the RM370.7 million recorded in the same
quarter of 2012. The reduction was also attributable to the
higher selling and distribution expenses.
The
Total Toyota and Perodua vehicle sales of 69,426 units
represented 44.0% of the total industry volume of 157,664 units
reported by the Malaysian Automotive Association for the quarter
ended 31st March 2013.
Equipment Segment
The revenue of Equipment Segment declined by 22.0% or
RM135.4 million mainly due to the lower demand for UMW's major
equipment in Myanmar. However, this was compensated by the higher
parts sales in Niugini.
Despite the lower
revenue, the profit before tax of the Equipment Segment increased
to RM59.1 million from RM54.1 million registered in the same
quarter of 2012, an improvement of 9.2% or RM5.0 million. The
improved profit was mainly contributed by the business
improvement in Niugini and lower operating expenses.
Oil
& Gas Segment
The revenue of the Oil &
Gas segment of RM178.7 million was RM97.3 million or 35.3% lower
than RM276.0 million recorded in the previous corresponding
quarter. The profit declined by RM19.6 million or 45.5% from
RM43.1 million to RM23.5 million.
The lower
revenue and profit was largely attributable to:
a)
72 operating days of Naga 1 compared to the full quarter
operations in the first quarter of 2012 of 91 days due to the
refurbishment exercise; and
b) lower revenue
from the trading of oilfield products and services.
Manufacturing
& Engineering Segment
The revenue for the
current quarter of RM177.1 million was higher than the RM158.4
million recorded in the same quarter of 2012 mainly due to the
higher demand for our products.
The higher
revenue had contributed to the higher profit before taxation for
the first quarter of 2013 of RM9.4 million compared to the RM4.1
million recorded in the same quarter of 2012.
Current Prospect
Automotive Segment UMW Toyota and Perodua are
maintaining the 2013 sales targets, despite the intense
competition in the market with aggressive promotions on new model
launches.
Equipment Segment The
Equipment segment revenue is expected to continue to improve
despite the uncertain external factors which may affect the
demand for equipment. Profitability of this segment is expected
to sustain resulting from better cost management and increased
parts sales.
Oil & Gas Segment The
performance of the Oil & Gas segment is expected to continue
to improve for the remaining quarters of 2013 from the full
contributions of refurbished Naga 1, Naga 2 with a higher daily
operating rate, Naga 3 and additional contribution from the new
Naga 4.
Manufacturing & Engineering
Segment The performance of the Manufacturing &
Engineering segment is expected to improve for the remaining
quarters of 2013 due to the following - ââŹÂ˘ higher
capacity utilisation for the automotive component plants and
lubricant plant in China; and ââŹÂ˘ increased sales of
Repsol and Pennzoil lubricant products.
Barring
unforeseen circumstances, the Board is of the view that the
Group's performance for 2013 will remain satisfactory.
Singapore,
23 May 2013 - UMW Holdings Berhad announced that UMW Rig Asset
(L) Ltd., a wholly-owned subsidiary of UMW Oil & Gas
Corporation Berhad ("UMW Oil & Gas"), which in turn, is a
wholly-owned subsidiary of UMW, signed a Share Purchase Agreement
today with S.D. Standard Drilling PLC., to acquire a premium
jack-up drilling rig through the acquisition of the entire equity
interest in Offshore Driller 4 Ltd. ("OD-4"). The total
consideration for this investment amounts to USD223.0 million.
The acquisition of this new jack-up drilling rig is part of UMW
Oil & Gas' plans to further develop its offshore drilling
operations. The premium jack-up drilling rig is currently being
constructed by a reputable and established rig builder, and is of
higher specifications and design than a typical jack-up drilling
rig to enable operations in much more challenging environments.
The completion and delivery of the premium jack-up drilling rig
is expected to be in May 2014.
UMW Oil & Gas
currently has a fleet of four offshore drilling rigs and has been
carrying out offshore drilling for a number of wells since 2005.
NAGA 1, a semi-submersible drilling rig, is co-owned with Japan
Drilling Co. Ltd. UMW Oil & Gas also owns and operates three
premium jack-up drilling rigs; NAGA 2, NAGA 3 and UMW NAGA 4.
NAGA 1, NAGA 3 and UMW NAGA 4 are contracted out to PETRONAS
Carigali Sdn. Bhd. for operations in Malaysia, while NAGA 2 will
commence its operations in Vietnam for Petrovietnam Drilling and
Well Services Corporation by June 2013.
"This acquisition marks
another milestone in our offshore drilling business. The new
addition to our premium jack-up drilling rig family will enable
UMW Oil & Gas to further enhance its assets portfolio for our
future expansion plan and extend our services to address the high
demand for jack-up drilling rigs in Malaysia and in the Asia
Pacific region", said Rohaizad Darus, President, UMW Oil &
Gas Corporation Berhad.
UMW Oil & Gas is
also developing a drilling academy, the UMW Drilling Academy, to
train more Malaysians, not only for UMW Oil & Gas' needs but
also for other drilling companies operating in Malaysia. With the
introduction of this drilling academy, the nation will have a
continuous supply of capable and skilled personnel to meet the
needs of the industry.
UMW announces
proposal to list its oil & gas business
Shah
Alam, 16 May 2013 - UMW Holdings Berhad ("UMWH" or Company")
announced today that it proposes to list its wholly-owned
subsidiary, UMW Oil & Gas Corporation Berhad ("UMW-OG"), on
the Main Market of Bursa Malaysia Securities Berhad ("Bursa
Securities").
In this regard, UMW-OG proposes
to undertake the following:
(i) an initial
public offering ("IPO") of up to 843,180,000 ordinary shares of
RM0.50 each in UMW-OG ("UMW-OG Shares"), comprising an offer for
sale of up to 231,380,000 UMW-OG Shares and a public issue of
611,800,000 new UMW-OG Shares to retail and institutional
investors ("Proposed IPO"); and
(ii) the
listing of and quotation for its entire enlarged issued and
paid-up share capital of RM1,081,000,000 comprising 2,162,000,000
UMW-OG Shares on the Main Market of Bursa Securities ("Proposed
Listing").
The Company also intends to
undertake an internal reorganisation which involves the transfer
of the offshore drilling business and certain companies in the
oilfield services division under UMWH and its subsidiaries ("UMWH
Group") to UMW-OG prior to the Proposed IPO and Proposed Listing.
Accordingly, UMW-OG had on 14 May 2013 entered into sale and
purchase agreements in relation to the internal reorganisation
with UMWH Group.
Upon completion of the
internal reorganisation, UMW-OG and its existing and proposed
subsidiaries and proposed associated company ("UMW-OG Group")
will be principally involved in the upstream sector of the oil
and gas industry, providing offshore drilling and oilfield
services which includes engineering and maintenance services.
Under its drilling services business, UMW-OG Group
provides offshore drilling and workover services with its fleet
of four (4) offshore drilling rigs and four (4) hydraulic
workover units ("HWUs") that it operates in Malaysia and other
parts of South East Asia. UMW-OG Group operates and jointly owns
one (1) semi-submersible drilling rig, namely Naga 1, as well as
wholly owns and operates three (3) premium jack-up drilling rigs,
namely Naga 2, Naga 3 and Naga 4. UMW-OG Group is also a
PETRONAS-licenced provider of HWU services and is the sole
Malaysian-owned drilling contractor owning and operating HWUs. In
addition, UMW-OG also acts as an agent in Malaysia for
international companies providing specialised drilling equipment
and services.
Under its oilfield services
business, UMW-OG Group has operations in Malaysia, Thailand,
China and Turkmenistan, providing oil country tubular goods
("OCTG") threading, inspection and repair services focused on
premium connections. In Malaysia, the UMW-OG Group provides these
services at two plants located in Labuan. In Thailand, the UMW-OG
Group provides premium threading, inspection and related workshop
services at its plants in Songkhla and Sattahip. In China, UMW-OG
Group offers similar services, as well as premium accessories
threading, at its plant in Tianjin. In Turkmenistan, UMW-OG
Group's workshop in Turkmenbashy provides OCTG threading,
inspection and repair services. The UMW-OG Group's oilfield
services business also offers engineering and maintenance
services as a customised equipment packager and a total solution
provider for power generators and other equipment used in the oil
and gas market.
UMWH's President and Group
CEO, Datuk Syed Hisham bin Syed Wazir said, "The proposed listing
of UMW-OG is a key strategic initiative by UMWH which is expected
to accelerate the growth of the oil and gas business within the
UMWH Group and enable UMWH to unlock and crystallise the value of
its investment in the UMW-OG Group and enhance the shareholders'
value at UMWH level." Additionally, the proceeds from the offer
for sale will enable UMWH to reduce its existing borrowings thus
further improving its capital structure and providing further
flexibility for UMWH to raise funds for other strategic purposes
such as earnings accretive acquisitions.
The
Proposed Listing would also further enhance UMW-OG Group's
profile, increase its visibility as one of the leading oil and
gas companies in Malaysia and enable a wider base of investors to
participate in the future performance of the UMW-OG Group. The
proceeds from the public issue will also provide UMW-OG with the
financial resources to pursue growth opportunities.
Jakarta,
16 May 2013 - UMW M&E Sdn. Bhd., a wholly-owned subsidiary
in the UMW Group, today announced its joint venture with the Blue
Bird Group (BBG) of Indonesia through the latter's nominee, PT
Pusaka Sukucadang Indonesia to provide lubricants, automotive
components and service centre operations in Indonesia. The
collaboration is part of UMW's strategy of moving up the value
chain of its manufacturing & engineering operations.
The authorised share capital of the Joint Venture
Company at the date of incorporation will be USD4,000,000 made up
of 4,000,000 ordinary shares of USD1.00 each. Under the
agreement, UMW M&E and BBG will jointly establish a Joint
Venture Company in Indonesia with an initial paid-up share
capital of USD1,000,000 divided into 1,000,000 ordinary shares of
USD1.00 each in the proportion of 49% UMW M&E and 51% BBG.
The Blue Bird Group is one of Indonesia's leading
transportation companies with operations in major cities
including Jakarta, Bali and Bandung. It currently has a fleet of
more than 26,000 vehicles. BBG is one of the first Indonesian
companies to implement the strict use of metered-taxis and radio
communications in air-conditioned vehicles in Indonesia. The
group has expanded its business to cover five main areas -
passenger transportation, logistics services,
industrial/manufacturing, property and support services.
The joint-venture will be UMW M&E's first foray to
penetrate the Indonesian market. "With this platform, UMW and BBG
will be able to explore other potential businesses in Indonesia",
said UMW President and Group CEO, Datuk Syed Hisham Syed Wazir.
He added that the proposed joint venture marks a significant step
for UMW to further strengthen and solidify its core bases and
more importantly, as an impetus towards a new frontier in its
quest to penetrate new high growth market.
The
agreement was signed on-behalf of UMW by Datuk Syed Hisham Syed
Wazir while Ms. Noni Purnomo, President Director of PT. Pusaka
Sukucadang Indonesia signed on-behalf of the Blue Bird Group.
Also present to witness the signing ceremony were UMW Board
Members, Dato' Dr Nik Norzrul Thani and Dato' Mohd Nizam
Zainordin. Witnesses from the Blue Bird Group were President and
Director, Dr Haji Purnomo Prawiro, and Mr. Kresna P. Djoksoetono,
the President Commissioner of PT. Pusaka Sukucadang Indonesia.
Shah
Alam, 15 May 2013 - UMW Holdings Berhad announced today its
extension of its joint efforts with the Government in the PINTAR
programme for the year 2013. PINTAR or Promoting Intelligence,
Nurturing Talent and Advocating Responsibility is aimed at
fostering excellence amongst underprivileged students in rural
areas.
UMW's involvement in the programme came
as early as 2007 when they adopted 2 schools in Pulau Pinang with
a total of 753 beneficiaries. UMW is the premier partner of
Yayasan PINTAR and have spent almost RM900,000 towards the
programme from 2007 to 2012. Up until 2012, it has been recorded
that over 11,000 students from the 16 adopted schools have
benefitted from 3-year adoption programme.
Datuk
Syed Hisham Syed Wazir, President & Group CEO, UMW Holdings
Berhad said that the UMW Group has allocated RM220,000 towards
the PINTAR programme this year that will benefit more than three
thousand students. The funds will be used to help the adopted
schools manage and organise UPSR motivational camps, extra
tuition classes as well as workbooks and parent-teacher
engagement programmes.
This year, UMW will
adopt five more schools to its PINTAR programme. The recipients
for the year 2013-2015 are from SK Bandar Banting, Banting
(Selangor) , SJK (T) Sungai Renggam, Shah Alam (Selangor), SK
Batu Laut, Kuala Langat (Selangor), SJK (C) Moh Ghee Cawangan,
Georgetown (P. Pinang) and SK Kati, Kuala Kangsar (Perak)
As part of acknowledging 2012's performance, a token of
appreciation will also be given to three students from each
adopted school who did well in last year's UPSR examination. An
award will also be given to SK Bukit Cheding (A) for successfully
beating more than 300 schools at the National level of the PINTAR
BattleBot Challenge 2012.
Present to officiate
the launch was Chairman of Yayasan PINTAR, Tan Sri Dato' Seri
Arshad Ayub, representatives from Yayasan PINTAR and Khazanah
Nasional Berhad as well as students and teachers from the
recently adopted schools.
Shah
Alam, 2 May 2013 - As part of UMW's continuous support to the
community, its Corporate Social Responsibility (CSR) unit along
with 8 volunteers from UMW's volunteer programme helped organise
a motivational workshop for the Little People National
Organisation of Malaysia (or PKOKM). About 30 participants from
the organisation came to attend the workshop that was conducted
by Trainers Asia.
PKOKM was first established
in 1983 with the objective of improving the living standards
among 'little people' towards self reliance as well to encourage
competitiveness in achieving great success.
Apart
from the workshop's objective of inspiring and motivating the
participants, it was also an opportunity to expose UMW's
volunteers to the plight of this community that is rarely seen
by the general public. The workshop is the first series of
programmes in 2013 for the disabled community planned under its
CSR division. The Group also contributed RM3,000 in cash to the
organisation.
Last year, they have managed to
organise three events with disabled community which included a
charity bazaar for the Malaysian Association for the Blind
(MAB), as well as a mini-sports carnival for Rumah Pertubuhan
Kanak-Kanak Insan Istimewa Cemerlang in Rawang. This year, the
division has targeted to organise four events for the disabled
community.
UMW's employee-volunteer
programme, the UMW Community Champions has clocked more than
11,500 hours in service to the community since it was launched
in 2009 with a target to add another 4,000 hours in 2013.
Shah
Alam, 30 Apr 2013 - UMW Holdings Berhad announced today that it
has enrolled 34 young graduates into its Skim Latihan 1Malaysia
(SL1M) Graduate Enhancement Programme (GEP). They are part of the
third batch of participants under this programme. The SL1M-UMW:
GEP is an intensive programme devised to provide a fast track
scheme to Malaysian university graduates - equipping them with
skills consisting of soft skills training for 6 weeks and
on-the-job-training for 24 weeks.
UMW has been
an avid supporter of this programme since it was mooted by the
Prime Minister in 2011, under the Secretariat of the Economic
Planning Unit (EPU). In UMW, the programme is not only a
strategic initiative in human capital development, but also a
corporate responsibility initiative by the Company to provide the
GEP trainees with a platform to shape their careers and gain
learning experience as well as exposure to business activities,
products and services. Under the programme, the UMW Group had
successfully absorbed 36 graduates after training close to 80
potential candidates previously.
"I am happy
to report that 100% of the second batch of SL1M participants has
secured permanent jobs after completing the programme. 16
participants have been absorbed by UMW, whilst 24 participants
have spread their wings and have managed to find careers
elsewhere", said Datuk Syed Hisham Syed Wazir, President and
Group CEO of UMW Holdings Berhad. He added that he sincerely
hoped the candidates will grab this opportunity and make their
time worthwhile in UMW.
Datuk Syed Hisham
together with Dr. Mohd Gazali Abas, Director of Human Capital
Development Section of the Economic Planning Unit under the
Ministry of Finance was on-hand to present the Certificate of
Participation to the second batch of graduates as well as
welcoming the third batch of UMW-GEP participants.
UMW Achieves Record
PBT of RM2 Billion (Audited Account) for 2012
Shah
Alam, 25 Apr 2013 - The UMW Group announced today that its Group
revenue of RM15,863.6 million for the financial year ended 31
December 2012 exceeded the RM13,535.8 million registered in the
same period of 2011, an increase of RM2,327.8 million or 17.2
percent (14.67). All four core business segments of the Group
reported higher revenue during the period under review.
In tandem with the rise in revenue, the Group profit
before taxation increased substantially to RM2,009.7 million, a
growth of 47.2% or RM644.4 million from the RM1,365.3 million
registered in the same period of 2011. This achievement
represents a new record for the Group. All four core business
segments of the Group registered better profit for the financial
year of 2012.
Consequently, net profit
attributable to equity holders of the Company for the financial
year ended 31 December 2012 improved significantly to RM994.3
million from the RM485.8 million registered during the year 2011,
a surge of RM508.5 million or 104.7%.
"2012
was another record-year for the UMW Group. In tandem with the
rise in revenue, our profit before taxation increased
substantially to RM2 billion, from the RM1.4 billion registered
in 2011. We look forward to challenging ourselves for a better
2013.", said Datuk Syed Hisham Syed Wazir, UMW President and
Group CEO.
Prospects for
2013
Automotive Segment The
Malaysian Automotive Association (MAA) forecasts the total
industry volume (TIV) for the year 2013 to improve by about 2% to
640,000 units from the 627,753 units achieved in 2012.
Collectively, UMW Toyota Motor and Perodua target to
sell more units than the 295,759 units sold in 2012. The UMW
Group had a market share of 47.1% in 2012.
2013
will remain challenging due to intense competition in the market
with aggressive promotions on new model launches in the
automotive industry.
Equipment Segment Revenue
for the Equipment segment is expected to be slightly lower than
2012. Uncertain external factors may affect the demand for
equipment.
However, the profitability of this
segment is expected to sustain resulting from better cost
management and increased parts sales.
Oil
& Gas Segment The performance of the Oil & Gas
segment is expected to improve in 2013 contributed by:- 1.
Full-year contribution from NAGA 1 2. Contribution from
NAGA 4. NAGA 4 received a contract from Petronas Carigali Sdn.
Bhd. for a 3-year period worth USD157.68 million in April 2013. 3.
Commissioning of the new Electric Resistance Welded (ERW) and
coating plant in China.
Manufacturing
& Engineering Segment The performance of this
segment is expected to improve considering the following major
activities planned for 2013:- 1. Higher capacity
utilisation of our automotive component plants in India and
lubricant plant in China, and 2. Increased sales of
Repsol and Pennzoil lubricants.
Sepang,
6 Apr 2013 - 30 volunteers from UMW's volunteer programme
planted 1,500 trees at an event jointly collaborated by UMW, the
Selangor Forestry Department (JPNS), UMW Toyota Motor, Perodua,
the Selangor Water Management Authority as well as the Sepang
local municipal council. The mangrove rehabilitation programme
was held at the mangrove coastal of Sungai Pelek in Sepang. The
event was also to commemorate World Earth Day which falls on 22
April 2013.
Last year, 50 of UMW's volunteers
along with its partners and the local community had managed to
plant 1,500 trees around the same area. It was reported by the
Selangor Forestry Department that 90% of the trees are growing
healthily.
Sungai Pelek is known as a stopover
and feeding area for various species of migratory birds. It is
also an important buffer area for rivers against natural
disasters including soil erosion, hurricanes and tsunamis.
Apart from its obvious ecological benefits, a mangrove
forest can absorb 50 times more carbon than a tropical forest of
the same size, making it a crucial ally in the fight against
climate change.
As an extension of UMW's CSR
efforts, its employee-volunteer programme known as the UMW
Community Champions has clocked more than 11,500 hours in service
to the community since it was launched in 2009.
Perlis,
4 Apr 2013 - In conjunction with Minggu Saham Amanah Malaysia
(MSAM) which takes place on 20 April, the UMW Group organised a
visit to the pediatric ward of Hospital Tuanku Fauziah in Kangar.
The activity is part of the UMW pre-MSAM CSR event was also in
line with the 1Malaysia Programme to continuously support the
local community regardless of race, religion, gender or politics.
Dr. Wafi Nazrin Abdul Hamid, Executive
Director of UMW Corporation was on-hand to donate the items which
included 1 unit patient transfer and recovery trolley, 2 water
heater units and a brand new refrigerator. The children were also
entertained by a local clown and given hampers before the end of
the programme.
"We hope that we had managed to
bring some joy to these children as much as we had enjoyed
spending time with them and hope we can continue to assist them
in the near future", during his opening remarks.
The
UMW Group has a long history of supporting a number of non-profit
and non-political organisations through its community programmes.
The Group's Corporate Social Responsibility (CSR) strategy is
comprehensive and goes beyond just funding charitable projects,
benchmarking against international best practices in the
marketplace, the workplace, the environment and the community.
Selangor,
30 Mar 2013 - As part of its on-going CSR programme, UMW, one
of the nation's biggest conglomerates, took part in organising a
beach clean-up programme at Pantai Remis, Jeram. Its internal
volunteer group, the UMW Community Champions, together with
Lembaga Urus Air Selangor (LUAS) and the Kuala Selangor
municipal council spent the whole of Saturday morning cleaning
the beach at Pantai Remis. The event was also to commemorate
World Water Day held on 22 March 2013.
Pantai
Remis is a well known picnic spot for families during weekends.
Due to its popularity over the years, the once clean and
pristine tourist attraction is now littered with rubbish being
disposed indiscriminately. With the help of some 40 UMW
Community Champions and 40 volunteers from the Kuala Selangor
Municipal Council, LUAS and the local community, they have
managed to collect more than 90kg of rubbish at the end of the
programme. UMW President & Group CEO, Datuk Syed
Hisham Syed Wazir said, "Although this was a small effort, we
hope that it was able to teach, especially the young, on the
importance in taking care of our environment. After all, we
ourselves do not inherit the earth, but merely borrow it from
our children".
The UMW Group has a long
history of supporting a number of non-profit and non-political
organisations through its community programmes. The Group's
Corporate Social Responsibility (CSR) strategy is comprehensive
and goes beyond just funding charitable projects, benchmarking
against international best practices in the marketplace, the
workplace, the environment and the community.
UMW Equipment Awarded
Contract to Supply Airport Fire Vehicles to MAHB
Langkawi,
24 Mar 2013 - The UMW Group announced today that its
wholly-owned subsidiary, UMW Equipment Sdn. Bhd., has been
awarded a contract to supply Airport Fire Fighting Vehicles and
Tactical Simulator Static Cabins to Malaysia Airports Holdings
Berhad (MAHB) at a total value of more than RM45 million. The
contract also includes comprehensive maintenance services of
Airport Fire Vehicles and provisional spare parts. The supply,
delivery, testing and commissioning of the vehicles is in-line
with the second phase of fleet replacement by MAHB.
The
hand-over date for the second phase of fleet replacement is
scheduled for April 2014, followed by its second and third
deliveries in July and October 2014. The fourth and final
delivery of the Airport Fire Fighting Vehicles will take place
sometime in March 2015.
In October 2010, UMW
Equipment Sdn. Bhd., was also awarded a contract to supply a
total of 21 Rosenbauer Airport Fire Fighting Vehicles to Malaysia
Airports Holdings Berhad (MAHB) at a total value of more than
RM75 million. The contract also includes a comprehensive
maintenance agreement for a period of 15 years for all the
vehicles. Strategic location of UMW Equipment's branches in major
towns across Malaysia where MAHB airports operate will ensure
quick and efficient response to the maintenance and service needs
of these vehicles. UMW Equipment's personnel are also involved in
the on-going skills and training programme of the latest
Rosenbauer in-built diagnostics system.
The
Rosenbauer Panther CA5 made its debut in Malaysia in August 2009
at the PETRONAS Kertih Airport, after successful introduction in
the United States, Europe and other parts of Asia. The Panther is
known to be one of the world's most sophisticated vehicles used
in fire-fighting emergencies. Manufactured and assembled in
Rosenbauer, Austria, the vehicle is capable of one-man operations
with a capacity of 12,500 litres of water and can cater to a wide
spectrum of fire emergencies. It is considered the flagship in
the Rosenbauer fleet, and is growing steadily in numbers at
airports around the world, including the Kuala Lumpur
International Airport.
UMW Equipment had also
supplied nine units of the older model Panther DD series to
Malaysia Airport Berhad (MAB) and TUDM airports/bases in East and
West Malaysia.
Kuala
Lumpur, 23 Mar 2013- As part of its on-going CSR programme, UMW
and MERCY Malaysia took part in organising a mobile clinic
programme held at Yayasan Chow Kit or formerly known as Rumah
Nursalam. The programme is part of a series of community centred
events held under the UMW 1Malaysia Programme. Its internal
volunteer group, the UMW Community Champions, together with
MERCY, spent the day by conducting therapy and health educational
programmes with the resident children of Yayasan Chow Kit. Talks
on sex education as well as oral hygiene and awareness were also
conducted with the children.
UMW President
& Group CEO, Datuk Syed Hisham Syed Wazir said, "This is our
way in helping to develop a caring society and at the same time
promote the 1Malaysia concept among our Community Champions
through the various activities that we have planned for the
year". The UMW Group is scheduled to organise a visit to
the paediatric ward of Hospital Tuanku Fauziah in Kangar to
distribute RM7,000 worth of hampers on 4 April 2013 as part of
the series of CSR activities under the UMW 1Malaysia Programme.
The UMW Group has a long history of supporting a number
of non-profit and non-political organisations through its
community programmes. The Group's Corporate Social Responsibility
(CSR) strategy is comprehensive and goes beyond just funding
charitable projects, benchmarking against international best
practices in the marketplace, the workplace, the environment and
the community.
Ho
Chi Minh, 21 Mar 2013 - UMW Standard Drilling Sdn. Bhd. (UMWSD),
a wholly-owned unit under UMW Holdings Berhad has secured a
contract from PetroVietnam Drilling & Well Services
Corporation (PV Drilling) for the provision of jack-up drilling
rig and services.
The contract was signed
yesterday in Ho Chi Minh City, Vietnam. Rohaizad Darus, President
of UMW Oil & Gas Corporation Sdn. Bhd. signed on behalf of
UMWSD, while PV Drilling was represented by its President &
CEO, Pham Tien Dung.
Provisions in the
contract include UMW's jack-up drilling rigs, Naga 2 and related
drilling services to PV Drilling to drill wells for the end
client, Hoang Long Joint Operating Company.
The
UMWSD - PV Drilling contract is for a duration of six (6) months
with an option for another six (6) months.
Rohaizad
said, "We thank our new client PetroVietnam Drilling & Well
Services Corporation for their trust in our ability and our asset
and we hope to build a long term relationship with them in
Vietnam".
Now that the contract has
been secured, the jack-up drilling rig, NAGA 2 will be moved
and is expected to be in Vietnam waters in May, after
completing its contract in Indonesia with Hess
(Indonesia-Pangkah) Limited, expected to end in April.
Rohaizad added, "This contract marks another milestone
in our forays outside Malaysia, particularly in the Asia
Pacific region. We will be completing our current drilling
campaign in Indonesia soon and I believe our international
operational experience there will be handy for our upcoming
operations in Vietnam."
NAGA 2 is a premium
independent-leg cantilever jack-up rig that has a drilling depth
capability of 30,000 feet and has a rated operating water depth
of 350 feet.
Shah
Alam, 26 Feb 2013- The UMW Group announced today
that its Group revenue of RM4,090.3 million for the fourth
quarter ended 31 December 2012 exceeded the RM3,456.7 million
registered in the preceding year's corresponding quarter by
RM633.6 million or 18.3 percent.The higher
revenue was mainly contributed by the Automotive and Oil &
Gas segments.
Consequently,
Group profit before taxation of RM459.4 million for the fourth
quarter ended 31 December 2012 outperformed the RM350.0 million
registered in the preceding year's corresponding quarter by
31.3% or RM109.4 million. All business segments with the
exception of the Automotive segment, registered improved profit
before taxation in the fourth quarter of 2012.
Net
profit attributable to equity holders of the Company in the
fourth quarter of 2012 improved substantially to RM207.6 million
from the RM84.1 million recorded in the same quarter of 2011, an
increase of RM123.5 million or 100 percent.
Group
revenue for the financial year ended 31 December 2012 of
RM15,890.2 million exceeded the RM13,535.8 million registered in
the same period of 2011, an increase of RM2,354.4 million or
17.4 percent. All four core business segments of the Group
reported higher revenue for the period under review.
In
tandem with the increase in revenue, the Group profit before
taxation increased substantially to RM2,000.5 million, an
increase of 46.5 percent or RM635.2 million from the RM1,365.3
million registered in the same period of 2011. All four core
business segments of the Group registered better profit for the
financial year of 2012.
Consequently,
net profit attributable to equity holders of the Company for the
financial year ended 31 December 2012 improved significantly to
RM951.0 million from the RM485.8 million registered in the year
2011,a surge of RM465.2 million or 95.8
percent.
Automotive Segment
Revenue
for the Automotive segment of RM3,049.0 million for the fourth
quarter of 2012 exceeded the RM2,416.4 million registered in the
same quarter of 2011 by RM632.6 million or 26.2 percent. The
revenue increase was attributable to higher sales of Toyota
vehicles in the fourth quarter of 2012 by approximately 28.4
percent or 6,070 units compared to the same quarter of 2011,
which was affected by the March 2011 tsunami in Japan and flood
in Thailand.
However,
Perodua recorded a reduction of 5,417 units or 10.8 percent in
vehicle sales in the fourth quarter of 2012 compared to the same
quarter of 2011.
Despite
the higher revenue, profit before taxation recorded in the
fourth quarter of 2012 of RM426.0 million, was RM50.7 million or
10.6 percent lower than the RM476.7 million recorded in the same
quarter of 2011. The reduction was attributable to the
following:
Higher selling and
distribution expenses: and
Unfavourable USD exchange rate fluctuations.
Equipment Segment
The
revenue for the Equipment segment in the fourth quarter of 2012
declined by RM99.5 million or 18.5 percent over the RM537.3
million recorded in the same quarter of 2011. Generally, demand
for its heavy and industrial equipment had softened due to the
slow-down in the economy of the countries where it operates.
Suspension of some mining activities overseas has also affected
the demand for its mining equipment.
Despite
the lower revenue, the Equipment segment registered a profit of
RM9.5 million versus the RM37.4 million loss registered in the
same quarter of 2011. This was due to a turnaround of an
overseas subsidiary which had registered a substantial loss in
the corresponding reporting period.
Oil & Gas Segment
The
Oil & Gas registered a higher revenue of RM412.8 million in
the fourth quarter of 2012 compared to the RM334.5 million
recorded in the same quarter of 2011, an increase of RM78.3
million or 23.4 percent. The revenue improvement was
attributable to the following:
Increase in day rate for
NAGA 3 offshore rig;
Additional revenue
contribution from the Garraf Power Plant Phase 1 project; and
Full quarter revenue
contribution from HAKURYU-5, a semi-submersible rig. HAKURYU-5
was income-generating from November 2011.
The
increase in revenue has resulted in a profit of RM4.2 million
compared to a loss of RM150.4 million in the corresponding
quarter of 2011. The positive contribution was due to the
favourable movement in fair value of its overseas quoted
investments as well as the lower impairment on investment and
certain assets of the segment.
Manufacturing &
Engineering Segment
Revenue
for the Manufacturing & Engineering segment improved in the
fourth quarter of 2012 by RM6.2 million or 3.6 percent compared
to the same quarter in 2011. The higher revenue was contributed
by stronger demand for Kayaba products and improved sales from
its new automotive component and lubricant business in India and
China, respectively.
Higher
revenue had contributed to higher profit before taxation for the
fourth quarter of 2012 of RM1.7 million compared to a loss of
RM13.0 million recorded in the same quarter of 2011. It was also
attributable to the gain on fair value assessment of derivative
which had resulted from the strengthening of USD against INR.
Dividend
The
Board is pleased to declare a final single-tier dividend of 50
percent or 25.0 sen (2011 - 15 percent or 7.5 sen) per share of
RM0.50 each, amounting to a net dividend payable of
approximately RM292.1 million (2011 - RM87.6 million) for the
financial year ended 31 December 2012, if approved by
shareholders, the dividend will be paid on 15 August 2013.
The
total single-tier dividend for the financial year ended 31
December 2012 would be 50.0 sen or 100 percent per share of
RM0.50 each, amounting to approximately RM584.1 million of net
dividend (2011 - 31.0 sen or 62 percent per share of RM0.50
each, amounting to a net dividend of RM362.2 million).
Shah
Alam, 17 Feb 2013 - UMW Oil & Gas Corporation Sdn. Bhd., a
wholly-owned subsidiary of the UMW Group, took delivery of its
new jack-up drilling rig, UMW NAGA 4, in Singapore yesterday.
UMW signed an agreement to purchase the rig in June 2012 at a
cost of USD214 million. The rig was constructed by Keppel FELS
Limited.
This is the Group's third jack-up
drilling rig, in addition to NAGA 2 and NAGA 3. This premium
jack-up drilling rig is of high specifications and is able to
work in more challenging environments. It has the capability to
work in deepwaters up to 400 feet and has a drilling depth of
30,000 feet. UMW NAGA 4 is built to Keppel's proprietary KFELS
B Class design, which is today the industry standard for modern
jack-up rigs. It incorporates Keppel's advanced and
fully-automated high capacity rack and pinion elevating system
and self-positioning fixation system.
The
delivery of this new rig marks another important milestone in
UMW Oil & Gas' history. It is also part of the company's
long-term plan to increase its fleet of drilling rigs to expand
into regional markets and eventually becoming a global oil
& gas player.
Rohaizad Darus, President
of UMW Oil & Gas Corporation said, "At present, UMW Oil
& Gas is actively involved in Indonesia, Thailand, China
and Turkmenistan, but we are also aggressively developing new
markets within ASEAN and the Asia-Pacific region. We are
expanding our asset base to address these new markets and the
higher technical requirements of the industry".
UMW
Oil & Gas is presently the only Malaysian company that owns
and operates jack-up drilling rigs. NAGA 2 is currently working
in Indonesia for Hess (Indonesia-Pangkah) Ltd., while NAGA 3 is
working for Petronas Carigali in Malaysia.
Rohaizad
added, "The delivery of UMW NAGA 4 is significant not only for
UMW, but also for the Malaysian oil and gas industry. This rig
will be the third jack-up drilling rig fully owned and operated
by a Malaysian company. Besides providing the capacity and
capability required for UMW's long term expansion plan, the rig
will also provide opportunity for Malaysians to be trained and
exposed to premium modern jack-up drilling rig".
UMW
NAGA 4 has the capacity to accommodate 150 people, about 25%
more than typical jack-up drilling rig of its class. The
additional capacity will be used to take in trainees from the
drilling academy established by UMW under collaboration with
Petronas' skills training arm, Institut Teknologi Petroleum
Petronas (INSTEP).
Shah
Alam, 23 Nov 2012 - The UMW Group announced today that its
Group revenue of RM3,964.3 million for the third quarter ended
30 September 2012 surpassed the RM3,691.4 million registered in
the preceding year's corresponding quarter by RM272.9 million or
7.4 percent. All business segments with the exception of the
Equipment segment, registered improved revenue in the third
quarter of 2012.
Group profit before taxation for the third quarter of
2012 surged to RM597.6 million from the RM391.9 million
registered in the same quarter of 2011, an increase of 52.5
percent or RM205.7 million. In addition to the higher revenue
mentioned above, turnaround from a loss to a profit position
achieved by both the Oil & Gas and the Manufacturing &
Engineering segments also contributed to the significant
increase in Group profit before tax.
Net profit attributable to equity holders of the Company
in the third quarter of 2012 rose to RM299.1 million from the
RM146.9 million recorded in the same quarter of 2011, an
increase of RM152.2 million or 103.6 percent.
Automotive
Segment For the third quarter of 2012, sale of Toyota vehicles improved
by approximately 7.6 percent or 1,879 units compared to the same
quarter of 2011 which was affected by the March 2011 tsunami in
Japan. As a result, revenue of RM2,934.9 million for the third
quarter of 2012 exceeded the RM2,616.1 million registered in the
same quarter of 2011 by RM318.8 million or 12.2 percent.
However, for the third quarter of 2012, Perodua recorded
a reduction of 2.9 percent or 1,400 units in vehicle sales
compared to the same quarter of 2011. Bank Negara Malaysia's
tighter guidelines on responsible lending continue to affect
sales of its entry-level Viva model. Higher Toyota
vehicle sales, favourable model mix and lower selling and
distribution expenses mainly accounted for the improved profit
contributions in the third quarter of 2012.
For the third quarter ended 30 September 2012, total
Toyota and Perodua vehicle sales of 73,577 units represented
46.8 percent of the total industry volume of 157,223 units. In
the third quarter of 2011, a total of 73,137 units of Toyota and
Perodua or 47.8 percent of the total industry volume of 153,041
units were sold.
Equipment
Segment Revenue of the Equipment segment declined by 16.4 percent or
RM103.7 million in the third quarter of 2012 compared to the
same quarter of 2011. Generally, demand for its heavy and
industrial equipment has softened due to the slow-down in the
economy of the countries it is operating in. Suspension of some
mining activities overseas has affected demand for its mining
equipment. Despite lover revenue, the Equipment segment
achieved a higher profit of RM53.4 million versus the RM35.6
million registered in the same quarter of 2011. An overseas
subsidiary has reported profit in the third quarter of 2012 as
opposed to a substantial loss from a maintenance and repair
contract incurred in the same quarter of 2011.
Oil
& Gas Segment The Oil & Gas segment posted revenue of RM337.2 million in
the third quarter of 2012 compared to the RM295.1 million
registered in the same quarter of 2011, an increase of RM42.1
million or 14.3 percent. The revenue improvement was
attributable to the following ââŹÂ˘ Increase in day rate
for Naga 3 offshore rig ââŹÂ˘ Additional revenue
contribution from the Garraf Power Plant Phase 1 project;
ââŹÂ˘ Full-quarter revenue contribution from Hakuryu 5, a
semi-submersible rig. Hakuryu 5 was not income-generating in the
third quarter of 2011. However, the above revenue
improvement was partly offset by the zero revenue contribution
following the dry-docking of Naga 1 for deep-dish installation.
The Oil & Gas segment reported a profit of RM21.4
million in the third quarter of 2011. The turnaround was the
result of: ââŹÂ˘ Improved profit margin from a higher day
rate for Naga 3 ââŹÂ˘ Additional profit contribution from
the Garraf Power Plant Phase 1 project; ââŹÂ˘ Favourable
movement in fair value of its overseas quoted investments and
foreign exchange rate for Indian Rupee. However, the
dry-docking of Naga 1 for deep-dish installation has lowered the
profitability of the Oil & Gas segment in the third quarter
of 2012. Naga 1 is expected to resume operation in December
2012.
Manufacturing & Engineering Segment The
Manufacturing & Engineering segment achieved improvements in
both revenue and profit contributions in the third quarter of
2012 compared to the same quarter in 2011. For the current
quarter, revenue rose to RM181.6 million from the RM163.7
million recorded in the same quarter of 2011, an increase of
RM17.9 million or 10.9 percent. Stronger demand for Kayaba
products and improved sales from higher capacity utilisation by
its new automotive component plants in India and lubricant plant
in China, contributed to the higher revenue.
In the third quarter of 2012, this segment posted a
profit of RM0.9 million in contrast to a loss of RM7.6 million
recorded in the same quarter of 2011, an improvement of RM8.5
million. Higher revenue as well as foreign currency exchange
gains from the strengthening of Indian Rupee against the United
States Dollar contributed to the profit improvement.
Dividend The Board is pleased to
declare a second interim single-tier dividend of 30 percent or
15.0 sen (2011-27 percent or 13.5 sen) per share of RM0.50 each,
amounting to a net dividend payable of approximately RM175.2
million (2011 - RM157.7 million) for the year ending 31 December
2012, to be paid on 8 February 2013.
Toyota Classics 2012
Continues Philanthropic Spirit by Aiding Two Organizations
Kuala
Lumpur, 8 Nov 2012 - In continuing its philanthropic spirit of
community, UMW Toyota Motor rolled out a night to remember, the
21st Toyota Classics for classical music aficionados featuring
world renowned Vienna Chamber Orchestra under the masterful
baton of famed conductor Joji Hattori and featuring guitarist
Soichi Muraji.
Toyota Classics 2012 celebrates the 30th anniversary of
Malaysia's Look East Policy, which was introduced by then Prime
Minister Tun Dr. Mahathir Mohamad.
"The Look East Policy (LEP) has inspired UMW Toyota
Motor and many other organisations with roots in Japan to
succeed in Malaysia through strategic assimilation of
technological know-how, work ethics and good work values from
Japan in developing Malaysia's industrial sector," said Datuk
Ismet Suki, President of UMW Toyota Motor.
Toyota Classics is one of UMW Toyota Motor's main
pillars of Corporate Social Responsibility. Every year, the
musical extravaganza brings internationally well-known
orchestras to Malaysian shores, giving Malaysians the invaluable
opportunity to enjoy world-class classical music in the country.
Over the last two decades, Toyota Classics has developed
a life of its own, with performances by different orchestras and
beneficiaries. Yet the philosophy behind the Toyota Classics
programme remains, which is to allow Malaysians to enjoy an
enchanting night of music, at the same time donate to charity.
"Since the inception of the Toyota Classics in 1990 we
have raised RM6.6 million to benefit 50 organisations, through
ticket sales and corporate donations. This is substantial
fundraising for charity and speaks volumes on the generosity of
Toyota's business partners and the people of Malaysia," said
Datuk Ismet Suki.
The
Vienna Chamber Orchestra performed nine songs to enthral the
audience at the one night concert, which include
reinterpretation of the late Tan Sri P.Ramlee's favourites such
as Malam Bulan Di Pagar Bintang, Di Mana Kan Kucari Ganti and
Kwek Mambo. The guests of honour at the sold-out concert was
Sultan Sharafuddin Idris Shah Al-Haj, the Sultan of Selangor,
Tun Dr Mahathir Mohamad and Tun Dr Siti Hasmah Mohd.
Proceeds from this year's ticket sales and corporate
donations amounted more than RM 310,000 were channelled to two
charitable and non-governmental organizations for specific
purposes. Persatuan Pemulihan Orang-orang Cacat Selangor &
Wilayah Persekutuan (PPOC) with a Toyota Hiace to facilitate its
residents' mobility. Meanwhile, Malaysia-Japan International
Institute of Technology (MJIIT) will receive a Toyota Prius 1.8
for its academia usage.
The assistance through Toyota Classics is set to benefit
Persatuan Pemulihan Orang-orang Cacat Selangor & Wilayah
Persekutuan's (PPOC) residents with better logistic. Likewise,
its assistance to Malaysia-Japan International Institute of
Technology (MJIIT) will help its students and lecturers to
travel for assignment and researching purposes in gaining more
knowledge.
The Toyota Classics concerts was conceptualised under
the Philanthropic pillar of UMW Toyota Motors' three pillars of
CSR to raise funds for charitable organisations and
Non-Governmental Organisations (NGOs). The other two pillars are
the Environment programmes for secondary school students and the
road safety campaign, which is focusing on preschool children.
UMW Toyota Motor's commitment to CSR has been an
integral part of its corporate culture since it was established
in 1982. Its CSR approach is consistent with its philosophy of
'A history of service to society' whereby UMW Toyota Motor
continually seeks opportunities to contribute to the communities
in which they operate their business.
UMW Toyota Motor
Celebrates 30th Anniversary of Automotive Excellence in Malaysia
Kuala
Lumpur, 7 Nov 2012 - UMW Toyota Motor Sdn. Bhd., the largest
non-national automotive company in Malaysia celebrated 30 years
of automotive excellence, here today. Themed 'Growing Together
in Harmony', the anniversary celebrates UMW Toyota Motor's past
and future commitment to grow together with the nation through
harmonising its core areas of customer, society and industry
towards the betterment of the community and the nation through
motorization.
UMW Toyota Motor traces its roots back to 1982 when it
was established as a joint venture between UMW Corporation and
Toyota Motor Corporation. Throughout its history, UMW Toyota
Motor remains a key player in the Malaysian automotive industry
and has created more than 100,000 direct job opportunities for
the local workforce.
According to Tan Sri Asmat Kamaludin, Chairman of UMW
Toyota Motor, the company has contributed significantly to the
country's economy through network expansion and enhancement,
localization of products that requires upgrading of
manufacturing facilities and vendor development.
"Our strong resource base and productive capacity have
become one of the main factors that we have contributed to
driving the national economy. We are pleased to announce that we
invested and will be investing up to RM 1 billion from 2011 to
2013 that includes further development of our manufacturing
facility Assembly Services Sdn. Bhd. (ASSB), expanding our network
and concentrating on developing and support our local suppliers
so they will be more competitive in this region," said Tan Sri
Asmat.
"UMW Toyota Motor believes human capital development is
crucial for long-term growth and success of the company. Thus,
we have also introduced the Inter Company Transfer (ICT)
programme to enable our employees undergo one to two years of
work and training in other Toyota companies in Japan, Thailand
and Singapore. The programme is set to improve their skills and
experience through exposure at the global level. This program is
in line with the Look East Policy that was introduced 30 years
ago by then Prime Minister Tun Dr. Mahathir Mohamad in which
highlights the assimilation of Japanese working culture and
knowledge into local workforce," added Tan Sri Asmat.
The 30th anniversary celebration highlighted UMW Toyota
Motor's contribution in finding eco-friendly solutions for an
increasingly environment-conscious world with the proven success
of its Toyota Prius, the world's first mass-produced and
best-selling hybrid car. Including the Prius, Toyota has sold
more than four million hybrid vehicles worldwide so far.
"We look forward to assisting the Malaysian government
to boost the number of eco-friendly vehicles. We will continue
our efforts to create awareness on Toyota hybrid technology to
allow Malaysians to enjoy the world's best hybrid technology to
promote greener living," added Tan Sri Asmat.
At the glittering anniversary gala dinner, Tan Sri Asmat
was joined by over 500 guests including Mr. Shigeru Nakamura,
the Japanese Ambassador to Malaysia, Mr. Yukitoshi Funo,
Executive Vice President of Toyota Motor Corporation, Datuk
Takashi Hibi, Deputy Chairman, UMW Toyota Motor, Datuk Syed
Hisham Syed Wazir, President and Group CEO of UMW Holdings Bhd,
Datuk Ismet Suki, President of UMW Toyota Motor and former
deputy chairmen, managing directors and presidents of UMW Toyota
Motor.
Deputy Minister of International Trade and Industry
Malaysia, Yang Berhormat Dato' Jacob Dungau Sagan, the guest of
honour representing on behalf of the Minister of International
Trade and Industry Malaysia, Yang Berhormat Dato' Sri Mustapa
Mohamed at the gala dinner, praised UMW Toyota Motor for being a
key player in the country's industrial and economic development
over the past 30 years.
"UMW Toyota Motor is a stellar example of successful
Malaysian-Japanese cooperation. The company has grown with the
nation, contributing to the economy, to the on-going development
of human capital, technology, knowledge and skills transfer."
"Continuous investment towards improvement has resulted
in UMW Toyota Motor progressively introducing more models in
Malaysia. This has been instrumental in moving the local
automotive industry up the value chain. The introduction of new
models has brought in new technology that has positively
impacted local manufacturers of automotive parts and components.
New jobs were also created for a considerable range of skill
specializations, adding dynamism to the industry," said Dato'
Jacob. "Being a Japanese joint venture, UMW Toyota
Motor has assimilated the technological knowledge as well as the
work culture from Japan into Malaysia to establish itself as one
of the market leaders in the automotive industry," he added.
Themed "Growing Together in Harmony", UMW Toyota Motor
prides itself in harmonising its CSR three pillars that focus on
the environment, road safety and philanthropy. The three pillars
include philanthropic through Toyota Classics, an annual
world-class classical concert which has raised RM6.6 million for
more than 50 NGOs in Malaysia thus far as well as Road Safety
programme which targeting preschool and primary school children
with the aim to raise better and considerate road users in the
future. As part of its long term commitment towards the
environment, UMW Toyota Motor has also introduced the Toyota Eco
Youth programme to cultivate awareness and encourage respect for
the environment among youth in secondary school and their
surrounding community using problem solving methodology.
UMW Synergistic
Wins Contract from Petronas Carigali (Turkmenistan) Sdn. Bhd.
Shah
Alam, 28 Sept 2012 - UMW Synergistic Generation Sdn. Bhd., a 60
percent-owned subsidiary in the UMW Group, has been awarded a
contract by PETRONAS Carigali (Turkmenistan) Sdn. Bhd. to supply
a main power generation package for the Diyarbekir Oil
Development Project.
The Diyarbekir Project covers two fields, namely, West
Diyarbekir and Central Diyarbekir, both located in Block 1,
between 50 and 80 kilometres offshore Turkmenistan. The power
generation package for West Diyarbakir includes one unit of
550kW Diesel Engine Generator and one unit of 550kW Gas Engine
Generator. The same package will also be supplied to Central
Diyarbekir.
Being a total energy solutions provider, UMW Synergistic
Generation is primarily involved in the design, fabrication and
packaging of customised rotating equipment and their related
components for the oil and gas industry as well as for the
public and private sector utility companies. Its total energy
solution offering includes diesel and gas generator sets,
diesel-driven air compressors and Zone 2 hazardous area
generator packages.
"We would like to thank PETRONAS Carigali Turkmenistan
for their confidence and trust in us, and in giving us the
opportunity to service them with our products. This has provided
us the platform to further develop our operational capabilities
and expand our business operations," said UMW Synergistic
Generation Sdn. Bhd. Managing Director, Azhari Adnan.
Turkmenistan is not new to us as we have had a presence
there since 2007. UMW Oilfield Services (Turkmenistan) Ltd.
provides inspection, repair, maintenance and threading services
for Oil Country Tubular Goods (OCTG).
Kuala
Lumpur, 18 Sept 2012 - UMW Holdings Bhd's wholly owned
subsidiary, Lubetech Sdn. Bhd., has been appointed as lubricant
supplier to Perodua with a sales potential worth RM60 million
over a 5-year period.
The deal will see Lubetech officially supplying
automatic transmission fluid, gear oil, brake fluid, radiator
coolant and battery water to Perodua Sales Sdn. Bhd., which is
responsible for the distribution, sales and after sales services
of Perodua vehicles.
Perodua appointed Lubetech as the sub-supplier at the
beginning April this year. From April to August, Lubetech has
supplied approximately 500,000 litres of products to Perodua
Sales worth RM4 million.
"As a strategy moving forward, every UMW company has
been keeping an eye out for not only new opportunities
externally, but also those that are available within the Group",
said UMW President and Group CEO, Datuk Syed Hisham Syed Wazir.
He added that today's agreement is in line with the UMW Group's
business strategy and marks a significant milestone in
Lubetech's journey of growth and expansion.
Lubetech's sales volume to Perodua is expected to reach
RM4.3 million from September to December this year, while sales
forecast for 2013 is expected to average RM1 million monthly.
"The deal we seal here today will ensure that our
customers are getting the best value-for-money proposition when
servicing their Perodua vehicles at our outlets," Perodua
Managing Director, Datuk Aminar Rashid Salleh said at the
signing ceremony here.
A total of 1.2 million vehicles was handled by Perodua's
service centres in the first 8 months of the year, up 9% from
1.1 million vehicles from the same period last year.
For 2012, Perodua targets to receive some 1.77 million
intake compared to the 1.71 million intake recorded in 2011.
Perodua has sold over 2.2 million vehicles in its
19-year history, of which 1.4 million units are on the road.
Approximately 53% of the 1.4 million current Perodua customers
returned to its service centres for maintenance, and to purchase
parts and accessories.
"The potential for both Perodua and Lubetech is very
bright and we look forward to mutually beneficial business for
both parties," Aminar said.
Perusahaan Otomobil Kedua Sdn. Bhd. (Perodua) is an
associate company of UMW Corporation Sdn. Bhd., with the latter
holding a 38% stake in the second national car company.
Based upon forecasts made by PSSB, the expected volume
of consumption for the remaining months from September to
December is around 601,782 litres with potential sales of up to
RM4.3 million. Barring unforeseen circumstances, sales forecast
for 2013 is expected to be around RM1 million per month.
Shah
Alam, 16 Aug 2012 - The UMW Group announced today that its
Group revenue of RM4,139.8 million for the second quarter ended
30 June 2012 exceeded the RM3,166.5 million registered in the
preceding year's corresponding quarter by RM973.3 million or
30.7 percent. Higher revenue from all business segments of the
Group, particularly the Automotive segment, resulted in the
substantial increase in revenue.
Consequently, Group profit before taxation of RM510.2
million for the second quarter ended 30 June 2012 outperformed
the RM283.8 million registered in the same quarter of 2011 by
79.8 percent, or RM226.4 million. Significantly higher profit
contributions from the Automotive segment coupled with improved
profit from the Oil & Gas and Equipment segments, resulted
in the profit surge. Net profit attributable to equity
holders of the Company in the second quarter of 2012 improved
substantially to RM224.2 million from the RM103.0 million
registered in the same quarter of 2011, an increase of RM121.2
million or more than 100 percent.
Automotive Segment Sale of Toyota vehicles for
the second quarter ended 30 June 2012 improved tremendously by
approximately 41 percent or 8,391 units over the preceding
year's corresponding quarter. UMW Toyota Motor holds a market
share of 17.4 percent for the first half of the year.
Similarly, for the second quarter of 2012, Perodua
recorded a surge of 45.9 percent or 14,597 units in vehicle
sales compared to the same quarter of 2011. Demand for the new
Perodua MyVi remained strong in the second quarter of 2012. The
impact of Bank Negara Malaysia's responsible lending guidelines
on loan approval rate, processing lead time and loan amounts
continue to improve over time. Rejection rate in June has eased
to 24 percent from 27 percent in January 2012, an improvement of
3 percent or 4 percent higher than the pre-guideline level of 20
percent. In contrast, in the second quarter of 2011, longer lead
time in new vehicle registration arising from the amendments to
the Hire Purchase Act had affected Perodua vehicle sales.
Substantial increase in vehicle sales volume coupled
with more favourable model mix, mainly accounted for the
sizeable profit contributions from the Automotive
segment. For the first half ended 30 June 2012, total vehicle
sales of Toyota, Lexus and Perodua reached 145,254 units,
representing 48.2 percent of the total industry volume.
Equipment Segment The Equipment Segment
registered a revenue improvement of 18.6 percent or RM87.7
million for the second quarter of 2012 compared to the same
quarter of 2011, principally due to: ââŹÂ˘ continued strong
demand for equipment and parts ââŹÂ˘ increase in equipment
rental fleet size ââŹÂ˘ higher sale of parts and services;
and ââŹÂ˘ the March 2011 tsunami and earthquake in Japan
had resulted in delay in the supply of Komatsu, Toyota and
Mitsubishi equipment in the second quarter of 2011.
In line with higher revenue, profit before tax of the
Equipment segment increased to RM56.7 million from the RM38.2
million registered in the same quarter of 2011, an improvement
of 48.4 percent or RM18.5 million.
Oil & Gas Segment Revenue of the Oil &
Gas segment for the current quarter ended 30 June 2012 increased
by RM85.9 million or 30 percent compared to the same quarter of
2011 as a result of the following: ââŹÂ˘ full-quarter
revenue contribution from Hakuryu 5, a semi-submersible rig.
Hakuryu 5 was not income-generating in the second quarter of
2011; ââŹÂ˘ increase in day-rate for NAGA 3 offshore rig
from 20 March 2012; and ââŹÂ˘ additional revenue
contribution from the Garraf Power Plant Phase 1 project.
Consequently, profit for the Oil & Gas segment
improved by about 56-fold due to the low base effect. Favourable
movement in fair value of its overseas quoted investments also
contributed to the profit movement.
Manufacturing & Engineering Segment The
Manufacturing & Engineering segment achieved a slight
improvement in revenue by RM7.7 million or 4.4 percent in the
current quarter ended 30 June 2012 compared to the RM174.3
million recorded in the same quarter of 2011. Higher capacity
utilisation by its new automotive component plants in India and
lubricant plant in China, contributed additional revenue.
However, stiff competition in the Malaysian lubricant market and
lower production of certain Perodua and Proton models have
adversely affected demand for its products. Despite the
higher revenue, profit for the second quarter of 2012 reduced by
RM3.7 million to RM0.07 million mainly as a result of foreign
currency exchange losses suffered by its subsidiaries in India
from the weak Indian Rupee against the US dollar.
Barring unforeseen circumstances, the Board expects the
Group to exceed its internal targets set for 2012.
The Board is pleased to declare an interim single-tier
dividend of 20 percent of 10.0 sen (2011 - 20 percent or 10.0
sen) per share of RM0.50 each, amounting to a net dividend
payable of approximately RM116.8 million (2011 - RM116.8) for
the year ending 31 December 2012, to be paid on 8 October 2012.
Sepang,
11 Aug 2012 - As part of its CSR
effort in conjunction with the holy month of Ramadhan, UMW
staff along with its volunteer group known as 'UMW Community
Champions' celebrated by breaking fast with children from Pusat
Jagaan Baitus Sakinah Wal Mahabba in Sepang. About 30 Community
Champions volunteered to spend quality time engaged with 50
children from the home.
Pusat Jagaan Baitus Sakinah Wal Mahabba was established
in January 2009 as a non-profit organisation and serves as a
home for underprivileged children with the objective of
providing them with care, education and other basic needs. It
occupies two houses located in Kota Warisan, Sepang and is home
to more than 50 children ranging from 4 to 19 years of age.
As with any festive season, UMW's collection-drive for
the needy has always received enthusiastic support. This year's
effort by the CSR Department saw collections in cash and kind
in excess of RM3,000 from members of UMW staff. The
contributions will be given to Project MADE - a non-profit
charitable organisation which focuses on assisting the poor and
the underprivileged, regardless of their culture, race and
political belief. The proceeds will also go to 'Rumah Penyayang
Wadi Sakinah' - a shelter home for more than 120 residents
ranging from orphans, single mothers, the disabled and the
elderly, located in Merbok, Kedah. The shelter which consists
of 4 rented houses was established in early 2010 and located in
the area of Taman Merbok Permai and Kampung Bukit Haji Omar in
Kedah.
The UMW Group has a long
history of supporting a number of non-profit and non-political
organisations through its community programmes. The Group's
Corporate Social Responsibility (CSR) strategy is comprehensive
and goes beyond just funding charitable projects, benchmarking
against international best practices in the marketplace, the
workplace, the environment and the community.
Shah
Alam, 2 Aug 2012 - As part of its CSR effort, in conjunction
with the holy month of Ramadhan, UMW celebrated the fasting
month with children from Institut Taufiq Islami, Klang. About
50 children were taken to UMW's Corporate Office in Shah Alam
for a 'buka puasa' treat with senior management and staff of
the UMW Group.
UMW President & Group CEO, Datuk Syed Hisham Syed
Wazir said, "We hope that through this annually organised
event, we can give back to the community and spread some
Aidilfitri joy among the children".
UMW Chairman, Tan Sri Asmat Kamaludin and his wife were
also present at the event to distribute 'duit raya' to the
orphans. During the event, Datuk Syed Hisham Syed Wazir handed
out a cheque for RM5,000 to the representative of Institut
Taufiq Islami along with 'goody-bags' for the children.
Institut Taufiq Islami is the brainchild of Tuan Haji
Jupri bin Haji Said who donated his land for the purpose of
building the orphanage. The institute was established on 12
April, 1999 and is currently home to more than 100 children.
As with any festive season, UMW's collection-drive for
the needy has always been met with great enthusiasm. This year,
its CSR department managed to collect more than RM3,000 in cash
and kind from members of its staff. All contributions will be
given to Project MADE - a non-profit charitable organisation
which focuses on assisting the poor and the underprivileged,
regardless of their culture, race and political beliefs. The
proceeds will also go to 'Rumah Penyayang Wadi Sakinah' - a
shelter home for more than 120 residents ranging from orphans,
single mothers, disables and the elderly located in Merbok,
Kedah. The shelter which consists of 4 rented houses was
established in early 2010 and is located in the area of Taman
Merbok Permai and Kampung Bukit Haji Omar in Kedah.
The UMW Group has a long
history of supporting a number of non-profit and non-political
organisations through its community programmes. The Group's
Corporate Social Responsibility (CSR) strategy is comprehensive
and goes beyond just funding charitable projects, benchmarking
against international best practices in the marketplace, the
workplace, the environment and the community.
Kuala
Lumpur, 28 June 2012 - UMW Oil & Gas Corporation Sdn. Bhd.
(UMW-OGC), a wholly-owned subsidiary of the UMW Group, today
signed a Memorandum of Understanding (MOU) with PETRONAS
Technical Training Sdn. Bhd. (PTTSB) to set up a training
academy that will help address the shortage of skilled Malaysian
personnel in the oil and gas, and drilling industry.
The academy will be located within the premises of
PTTSB's Institut Teknologi Petroleum PETRONAS (INSTEP) in Batu
Rakit, Kuala Terengganu. The core focus of the academy is to
help build capabilities and enhance competencies of local
drilling crews and address, amongst others, difficulties
encountered by the oil and gas industry in the area of
succession planning.
This collaboration between PTTSB/INSTEP, an 'Oil &
Gas' regional technical learning and certification centre, and
UMW-OGC with its vast experience and expertise in drilling
technology is seen as a smart partnership to help resolve key
issues in the local oil and gas sector which is facing a
continuous shortage of skilled manpower.
"The signing of this MOU is a significant milestone for
UMW. It is in line with the Malaysian Government's and PETRONAS'
aspirations to develop more Malaysians to manage and operate key
activities in the oil and gas sector, as well as development of
professional drilling experts in the country. We thank PETRONAS
for its tremendous support in developing local oil and gas
service companies. This initiative is our way of giving back by
ensuring the availability of a continuous supply of skilled
personnel in key areas of expertise," said Encik Rohaizad Darus,
President of UMW-OGC.
UMW currently has three offshore drilling rigs and a
number of hydraulic workover units, operated primarily by
Malaysians. Recently, UMW signed an agreement to acquire another
jack-up drilling rig to expand its capacity.
"Shortage of capable and competent personnel in the oil
and gas industry is a global phenomenon, especially in the area
of drilling. To overcome this in a more effective way, industry
players need to come forward and collaborate by contributing in
their own areas of expertise. The noble intention of UMW-OGC to
develop human capital is not only for its own needs but also for
the industry and to contribute toward a high-income nation which
is in congruence with INSTEP's own aspirations," said Wan Azhar
Lotfi Wan Yusof, CEO of PTTSB/INSTEP.
Under
the terms of the MOU, the two parties will jointly develop the
academy to be known as UMW-INSTEP Drilling Academy. The academy
will offer structured training in drilling operations and
certification programmes and will help ensure that there will be
a continuous supply of skilled personnel for the oil and gas
sector to support the industry's rapid expansion.
The MOU was signed by Encik Wan Azhar Lotfi Wan Yusof,
CEO of PTTSB/INSTEP and Encik Rohaizad Darus, President of
UMW-OGC. Also present at the signing ceremony were Puan Juniwati
Rahmat Hussin, PETRONAS' Vice President of Human Resource
Management Division and Dato' Mohd Nizam Zainordin, Director of
UMW Holdings Bhd.
Kuala
Lumpur, 26 June 2012 - UMW Holdings Berhad announced that UMW
Drilling 4 (L) Ltd. (UMW D4), a wholly-owned subsidiary of UMW
Petropipe (L) Ltd, which in turn, is a wholly-owned subsidiary
of UMW, signed a Sale and Purchase agreement today with SD
Drilling Pte. Ltd., to acquire a 'jack-up drilling rig' for a
total consideration of USD214 million. UMW D4 also has an option
to acquire another 'jack-up drilling rig' currently being built
by the same company. The acquisition of this new drilling rig is
part of UMW's plans to further develop its drilling operations.
The rig, currently under construction, is being built by a
reputable and established rig builder, and is of high design
specifications to enable operations in more challenging
environments. Completion and delivery is expected early next
year.
The UMW Group currently has a fleet of three offshore
drilling-rigs. NAGA 1, a semi-submersible drilling rig, is
co-owned with Japan Drilling Co. Ltd. The Group also owns and
operates two premium jack-up drilling rigs, NAGA 2 and NAGA 3.
NAGA 1 and NAGA 3 are contracted out to Petronas Carigali Sdn.
Bhd. for operations in Malaysia, while NAGA 2 is in operations
in lndonesia for HESS (Indonesia-Pangkah) Limited.
"This acquisition signifies another important milestone
in the development of our drilling business. The addition of
this new rig will enable UMW to further expand our business and
extend our services to address the growing needs of the
industry", said Datuk Syed Hisham Syed Wazir, President &
Group CEO, UMW Holdings Berhad. He also said that there is a
significant resource requirement for drilling rigs in the region
due to aggressive exploration and development activities in the
oil & gas sector. Currently there is already a shortage of
drilling rigs, particularly jack-up rigs.
"I believe our new jack-up rig, which will be ready by
early next year, will help to reduce some of this shortage, and
in the long run, contribute toward ensuring that oil and gas
companies have the support they need in their exploration and
development activities", said Datuk Syed Hisham.
UMW Oil & Gas Division is at present developing
special training programmes for its drilling personnel to ensure
that they have a continuous supply of capable and skilled
personnel to operate its expanding fleet of drilling rigs.
In line with the aspirations of the Malaysian government
and PETRONAS, UMW is giving priority to developing more
Malaysians to manage and operate its drilling business. "We are
proud to say that our existing rigs are operated mainly by
Malaysians. At present, a number of Malaysians are in final
stages of training to assume positions in management and
operations of the new rig when it is delivered next ye"âŹďż˝, added
Datuk Syed Hisham.
"We would like to thank PETRONAS, Petronas Carigali, and
HESS (Indonesia-Pangkah) Limited for their trust in us and in
giving UMW the opportunity to service them with our drilling
rigs. This has provided us the platform to further develop our
operational capabilities and expand our business operations",
said Datuk Syed Hisham.
UMW Signs
Distributor Agreement with Delphi in Malaysia
Shah
Alam, 31 May 2012 -UMW Advantech Sdn.
Bhd. (UASB), a wholly-owned subsidiary in the UMW Group, today
signed a distributorship agreement with Delphi, a premier global
automotive supplier of OE quality parts to vehicle manufacturers
and the aftermarket. Under the distributorship agreement, UASB
will carry Delphi diesel products (nozzles, injectors and
filters), chassis products such as brakes, rotors, power
steering pumps and various vehicle electronic sensors for the
Japanese and European car market segment. UASB says having
Delphi quality products will help develop the market in this region.
As a world leader in automotive systems and components,
Delphi is focused on providing vehicle manufacturers with
technology that keeps drivers safe, green and connected. That
same technology expertise is carried through to the aftermarket.
With increasing business and network development in the ASEAN
aftermarket, DPSS (Delphi Product & Service Solutions) will
provide OE (Original Equipment) quality parts and services for
the ASEAN aftermarket to support growth and meet the growing
needs of the Malaysian automotive segment.
UMW Advantech Sdn. Bhd. is currently in the process of
appointing authorised dealers for Delphi aftermarket products
starting first in Kuala Lumpur and two other major cities in
Malaysia. "We appreciate Delphi's proactive efforts and
dedication as shown by the quality of the products and service,"
said Mr. Megat Shahrul Azmir, Executive Director of UMW
Manufacturing & Engineering. "It symbolises Delphi's OE
heritage and technological expertise in the aftermarket,
worldwide".
"Malaysia continues to be a key market for Delphi in the
Asia Pacific region and Delphi is committed to grow the business
in Malaysia and ASEAN countries, said Lucia V. Moretti,
President, Delphi Product & Service Solutions. "We are very
happy to sign the agreement with UMW as they clearly see the
value Delphi can bring to their distribution network. We see
this as a significant development for both companies."
Shah
Alam, 29 May 2012 - The UMW Group announced today that its
Group revenue of RM3,695.8 million for the first quarter ended
31 March 2012 surpassed the RM3,221.2 million registered in the
preceding year's corresponding quarter by RM474.6 million or
14.7%. Higher revenue from all business segments of the Group,
particularly the Oil & Gas and Equipment segments, accounted
for the increase.
As a result, Group profit before taxation for the first
quarter ended 31 March 2012 escalated to RM433.3 million from
the RM339.5 million registered in the same quarter of 2011, an
improvement of 27.6% or RM93.8 million. Significantly higher
profit contributions from the Automotive, Oil & Gas and
Equipment segments, resulted in the surge in profit.
Consequently, net profit attributable to equity holders
of the Company in the first quarter of 2012 improved
substantially to RM220.0 million from the RM151.8 million
registered in the same quarter of 2011, an increase of RM68.2
million or 44.9%.
Automotive Segment In the first quarter
of 2012, UMW Toyota Motor ramped up its production and
successfully recouped its 2011 production shortfalls due to the
disruption in critical parts supply caused by the massive floods
in Thailand. Combined sales of Toyota and Lexus vehicles
improved to 23,834 units in the first quarter of 2012 from the
22,414 units achieved in the same quarter of 2011, an increase
of 6.3% or 1,420 units. Bank Negara Malaysia's responsible
lending guidelines have minimal impact on Toyota and Lexus
vehicle sales. Higher revenue coupled with favourable exchange
rates for United States Dollar resulted in the higher profit
contributions from the sales of Toyota and Lexus vehicles.
Similarly, the new hire purchase guidelines introduced
in January 2012 has minimal impact on the sales of Alza and the
new MyVi, two core models of Perodua.
However, sales of its entry-level Viva model were
adversely affected with a 21% drop in sales in the first quarter
of 2012. Although Viva bookings were healthy, registration or
conversion to sales was relatively low as the new guidelines
have resulted in much lower loan approval rate, longer
processing lead time and reduced loan amounts. Overall, sales of
Perodua vehicles fell by approximately 3.9% in the first quarter
of 2012 compared to the corresponding quarter in 2011. Despite
the lower sales volume, Perodua achieved a slightly higher
profit due to favourable sales mix.
Equipment Segment The Equipment Segment
revenue improved significantly by 40.4% or RM177.1 million
mainly as a result of the following: ââŹÂ˘ Strong demand
for its major equipment from customers in Myanmar ââŹÂ˘
Rescheduling of machine deliveries from the fourth quarter of
2011 to the first quarter of 2012, due to unfavourable weather.
Consequently, profit before tax for the Equipment
segment increased to RM54.1 million from the RM34.1 million
registered in the same quarter of 2011, an improvement of 58.7%
or RM20.0 million.
Oil & Gas Segment For the current
quarter ended 31 March 2012, revenue of the Oil & Gas
segment more than doubled the RM194.0 million recorded in the
same quarter of 2011. This revenue surge of RM236.7 million or
122% was largely attributable to: ââŹÂ˘ Additional
full-quarter revenue contributions by Naga 3, a premium jack-up
rig and Hakuryu 5, a semi-submersible rig. Both Naga 3 and
Hakuryu 5 were not revenue contributing in the first quarter of
2011 ââŹÂ˘ Significantly higher revenue from the trading of
oilfield products and services ââŹÂ˘ Additional revenue
contributions from Garraf Power Plant Phase 1 project.
Consequently, profit for the Oil & Gas segment
improved by about 56-fold due to the low base effect. Favourable
movement in fair value of its overseas quoted investments also
contributed to the profit movement.
Manufacturing & Engineering Segment Revenue
for the current quarter of RM161.4 million was marginally higher
that the RM160.6 million recorded in the same quarter of 2011.
Higher sales achieved by its automotive parts manufacturing
companies in India were offset by lower sales from the switching
of power steering system from hydraulic to electric for certain
new vehicle models that included the new Perodua MyVi as well as
lower sales of lubricant products.
As a result of higher unit overhead cost, profit for the
current quarter declined by RM0.8 million to RM4.1 million,
although the segment benefitted from the favourable foreign
exchange rates.
UMW Renews
Collective Agreement with In-House Union
Shah
Alam, 26 Apr 2012 - UMW, one of the nation's biggest
conglomerates, announced today the renewal of its Collective
Agreement between UMW Holdings Berhad and its subsidiaries with
its union workforce under UMW Group Workers Union or KPPPKUMW.
In 2006, UMW took a major initiative to reinforce
partnerships with all its unions. To the satisfaction of all
parties, negotiations culminated in the signing of a total of
eight Collective Agreements for the period 2006 to 2008. During
this time, UMW concluded five agreements with its in-house
union, UMW Group Workers Union, and one agreement each with the
National Union of Commercial Workers, Sabah Commercial
Employees' Union, and Sarawak Commercial Employees' Union.
The latest Collective Agreement signed on 26 April 2012
for the period 1 January 2012 to 31 December 2014 will mark the
tenth Collective Agreement signed by UMW and the unions.
Negotiations for the proposed agreement began as early as 3
January 2012 and concluded on 18 April 2012.
The new Agreement incorporates improvements in
retrenchment benefits, medical attention as well as insurance
coverage for group personal accident and term-life coverage
along with other allowances.
"The signing of this new Agreement will help strengthen
existing partnerships and lead the way toward improving the
company's performance", said UMW's President and Group CEO,
Datuk Syed Hisham Syed Wazir.
The agreement was signed on behalf of UMW by President
and Group CEO, Datuk Syed Hisham Syed Wazir, Puan Juliah Nik
Jaafar, Executive Director UMW Corporation and Head of Group
Human Resource, and En Azmin Che Yusoff, Executive Director and
Head of Group Financial Services whilst En. Japelus Zainal,
President of KPPPKUMW, and Vice-President, En Zaini Hussain
signed on behalf of the union. The signing ceremony was
witnessed by Industrial Relations Director, Tuan Haji Ahmad
Khusairi bin Lope Abd Rahman and UMW Chairman, Tan Sri Asmat
Kamaludin.
On an ending note, the President of KPPPKUMW, En.
Japelus Zainal stated: "We would like to thank the management
team of UMW for their continuous support towards the union and
look forward to productive years ahead".
Shah
Alam, 13 Mar 2011 - UMW Lubricant
International Sdn. Bhd. (ULI), the official distributor of
Repsol lubricants today unveiled Repsol's locally blended
products and announced their strategic business plan to
penetrate target markets both in Malaysia and regional
markets.
Together with Repsol representatives, Mr. Jose B
arreiro
(Repsol Lubricant Director) and Ms. Teresa Martin (Repsol
Lubricant Regional Manager), the joint venture was promoted
at the "Dealers Conversion Program" held at the Concorde
Hotel in Shah Alam today.
UMW's Executive Director for Engineering and
Manufacturing Division, En. Megat Shahrul Azmir, announced
that they have identified a number of dealers which will be
appointed by ULI to carry the Repsol brand name in order to
make it more accessible and competitive in the target
markets.
He explained that given Repsol's renowned quality and
world championship branding, they have been approached by
numerous established dealers who wish to carry the Repsol
brand range of products. Such demand in-itself speaks volumes
of this premium international brand.
"Nonetheless we have been selective with our
appointment of dealers and hope to expand our network year on
year, to meet with the demand and growth of the volume for
motorcycles and passenger car sales in Malaysia" said Megat
Shahrul.
He added that a total of 300 dealers have been
appointed to-date and the network is expected to expand to
more than 500 outlets by the end of 2012, including in East
Malaysia.
Repsol is one of the world's top ten private oil
companies in terms of size and is known worldwide for its
involvement in the motor sports industry, especially the
MotoGP which it promotes via the Repsol-Honda Team and its
2011 World Champion Casey Stoner. Although the brand Repsol
is synonymous with motorcycle lubricants, the brand also
carries a wide range of products including passenger car
motor oil (PCMO) and other industrial lubricants.
"We are introducing Repsol's range of passenger car
motor oils from synthetic to mineral base formulations. We
are also proud to announce that the full ranges of the Repsol
lubricants are blended locally at our plant in Shah Alam."
declared Megat Shahrul.
He added "The blending of these oils at our plant are
operationally supervised and overseen by Repsol Spain. By
virtue of this close working model, ULI can guarantee that
the quality of the product is not compromised. Further with
UMW's experience in the lubricant business, we believe that
we have a good platform to understand market sentiments
better in order to promote Repsol products."
Repsol's reputation in the motorsports industry and
its success in continuous research and development of new
lubricants with improved efficiency is well established. UMW
Lubricant International is confident that by the end of 2012,
along with its many marketing initiatives, ULI's dedicated
sales and marketing team is targeting to capture at least 4%
of the market share in the local market and secure Repsol as
one of the leading lubricant brands in Malaysia.
Megat Shahrul reiterated that since the introduction
of Repsol in the Malaysian market in June 2011, sales has
been very encouraging. UMW's proven market strategy and the
attendant growth in the sale of these lubricants in the
passenger car vehicles, motorcycles and diesel-powered
engines is clearly reflective that Repsol, though a new
brand, has manifested its presence in the country.
Mr. Jose Barreiro, Repsol Lubricant Director, who was
also present, said that the measures taken and planned by the
UMW Lubricant International to promote and expand the Repsol
brand into the Malaysia and regional market is indeed
exciting.
He commented "Just like last year, the MotoGP in
Sepang this October 2012 shall be an eventful year in
Malaysia for Repsol. I am sure that the locals will be in
full support of Repsol-Honda team, particularly Casey Stoner,
our 2011 MotoGP Champion".
In conjunction with the upcoming MotoGP in October,
ULI has lined up numerous activities and events including
pre-road shows as part of its many marketing and promotional
strategies to further expose the Repsol brand.
Repsol currently has a large market share in Latin
America, Middle East and North Africa. Mr. Jose Barreiro is
convinced that the alliance with UMW Lubricant International
will support and facilitate Repsol's international expansion
plan including penetration into the Asian market.
For further details on UMW Lubricant International
Sdn. Bhd. and Repsol products, please log on to
Shah
Alam, 08 Mar 2012-
As part of its Corporate Social Responsibility (CSR) effort,
UMW Holdings Berhad today donated two acres of its land in
Bandar Serendah, valued at approximately RM 800,000, for the
purpose of building a Tamil School for the local community. The
property will be transferred in favour of "Lembaga Pengelola
Sekolah, SJK(T) Ladang Minyak, Bestari Jaya" in Kuala Selangor
which will relocate the school to Bandar Serendah.
Previously,
the UMW Holdings' Board of Directors had approved the transfer
of up to 10 acres of land as part of the resettlement of the
ex-estate workers of the former New Serendah Estate. 8 acres of
the land had been transferred to a legal entity known as RV
Global Sdn. Bhd., which undertook the responsibility of
safe-guarding the interests of the ex-workers and families
after UMW acquired the New Serendah Estate Land from the
Selangor State Government.
The
transfer letter was handed over by Ms Suseela Menon, Executive
Director of UMW Corporation Sdn. Bhd. to Mr Amaran Krishnan,
Secretary of Lembaga Pengelola Sekolah, SJK(T) Ladang Minyak,
Bestari Jaya. The event was witnessed
by YB P.Kamalanathan, the Member of Parliament for Hulu
Selangor and Mr A.Rama Rao, Chairman of Lembaga
Pengelola Sekolah.
Also
present at the ceremony were management representatives of the
UMW Group and representatives of MIC and Gerakan.
UMW
has always believed that a company, a community, a Nation, can
only stand strong and continue to grow and thrive, if it is
supported by a strong pillar of knowledge and education.
UMW
embarked on this programme because the Group believes that
education should not be a privilege limited to a few, but a
basic right that should be easily accessible and available to
all.
It
is hoped that the development of this school, to be located on
the former New Serendah Estate land, will greatly benefit and
further enrich the minds of the children of the ex-estate
workers and the local community.
Shah
Alam, 27 Feb 2012 - UMW, one of the nation's biggest
conglomerates announced today the renewal of its existing
partnership with MERCY Malaysia. The partnership has seen UMW
provide over RM1.8 million in funds and more than 3,000 hours in
manpower support of MERCY's programmes, particularly for rural
and vulnerable communities in Sabah and Sarawak. To commemorate
this event, a signing ceremony between UMW and MERCY Malaysia
was held at UMW's corporate headquarters in Shah Alam. Dato' Dr.
Ahmad Faizal Mohd Perdaus, President, MERCY Malaysia and Datuk
Syed Hisham Syed Wazir, President & Group CEO, UMW
Corporation were present at the ceremony.
More than 11,000
people have benefitted from programmes implemented under the
UMW-MERCY Malaysia partnership, since it was formalised in
December 2008. The programmes include Mobile Clinic missions
which provide free basic medical screening, pap smear tests,
dental treatment, eye examination and free reading glasses for
those living in remote areas. Fire safety and flood relief
efforts, as well as intervention groups for alcohol misuse, are
also conducted as part of the partnership agreement.
Following its
commitment made in December 2008, UMW will be handing over two
new Toyota vehicles (Hilux and Innova) to MERCY, bringing to a
total of 5 vehicles for the purpose of carrying out their
community health programmes which will now cover 4 states,
namely, Sabah, Sarawak, Johor, Selangor as well as the Federal
Territory of Kuala Lumpur.
UMW's President and
Group CEO, Datuk Syed Hisham Syed Wazir will also officially
launch the new Employee Payroll-Deduction Scheme. "With the
official roll-out of the Employee Payroll-Deduction Scheme
today, UMW employees will prove themselves to be just as caring
and generous with their ringgit and cents, as they are with
their time", he added.
As an extension of UMW's CSR efforts, its
employee-volunteer programme known as the UMW Community
Champions have clocked nearly 8000 hours in service to the
community and is confident of achieving 10,000 hours by the end
of 2012. Selected Community Champions have undergone training
programmes with MERCY Malaysia and have gone on to participate
in various MERCY activities around the country.
In August 2008, UMW
officially launched its CSR report detailing its activities and
initiatives over the period spanning 2001 to 2007 related to the
marketplace, the workplace, the environment and the community.
The report, independently audited by Bureau Veritas --- the
world's leading certification body --- has the distinction of
being awarded the prestigious Global Reporting Initiative (GRI)
Application Level A (+) Certification for CSR reporting. UMW is
officially the first Malaysian corporation to comply with the
stringent GRI-G3 sustainability reporting guidelines.
Shah
Alam, 24 Feb 2012 - The UMW Group announced today that its
Group revenue of RM3,477.3 million for the fourth quarter ended
31 December 2011 exceeded the RM3,417.7 million recorded in the
preceding year's corresponding quarter by 2%. Higher revenue was
recorded from the Equipment, Manufacturing & Engineering and
Oil & Gas segments.
Group profit before taxation of RM315.6 million for the
fourth quarter ended 31 December improved from the RM224.9
million registered in the same quarter of 2010. This represented
an increase of 40.3% or RM90.7 million. Substantially higher
profit contributions from the Automotive segment accounted for
the rise in profit.
Consequently, net profit attributable to equity holders
of the Company rose from the RM32.9 million registered in the
same quarter of 2010 to RM50.8 million in the fourth quarter of
2011, an increase of RM17.9 million or 54.4%. Group
revenue of RM13,556.4 million for the financial year ended 31
December 2011 surpassed the RM12,820.2 million registered in the
year 2010 by RM736.2 million or 5.7%.
Group profit before taxation for the financial year
ended 31 December 2011 improved to RM1,381.2 million from the
RM1,313.2 million recorded in the year of 2010 due to the
significantly higher profit registered by the Automotive
segment. This represented an increase of RM68.0 million or 5.2%.
However, net profit attributable to equity holders of
the Company for the year ended 31 December 2011 declined from
the RM526.9 million achieved in the year of 2010 to RM503.0
million due to non-recognition of deferred tax assets of an
overseas subsidiary and no tax deduction for asset impairment
losses.
Moving forward
Automotive Segment The Malaysian Automotive
Association forecasts the Total Industry Volume (TIV) for the
year 2012 to improve from the 600,123 units achieved in 2011 to
615,000 units, an increase of 2.5% or 14,877 units.
Collectivley, Perodua and UMW Toyota target to sell a
total of 281,000 units or 45.7 % of the TIV in 2012. This
represents an increase of 10,560 units or 3.9% over the 270,440
units sold in 2011.
Equipment Segment Revenue for the Equipment
segment is expected to be maintained at the 2011 level. This is
because the higher revenue from the stronger demand for its
mining equipment is likely to be offset by lower revenue
contributions from the logging sector as demand for timber is
expected to return to normalcy in 2012.
However, profitability of this segment is expected to
improve significantly as neither asset impairment nor further
provision for the maintenance and repair contract are
anticipated for the year 2012.
Oil & Gas Segment Operating profit of the
Oil & Gas segment in 2012 is expected to improve
significantly in consideration of a full-year contribution from
Naga 3 as well as higher day-rates for its land rigs, Ghazal 3
and 4 and a full-year contribution from Ghazal 5. Profits are
said to improve further with the installation and commissioning
of equipment and facilities for the Garraf Power Plant in Iraq
which is expected to be substantially complete in 2012.
Changes in fair value of UMW's overseas investments as
well as hedging instruments used to hedge various financial
risks may affect the overall performance of the Oil & Gas
segment for the year 2012.
Manufacturing & Engineering Segment Performance
of this segment is expected to improve in 2012 considering the
higher capacity utilisation of its four new automotive component
plants in India and improved plant capacity utilisation of up to
64% for its new lubricant plant located in Xinhui, China. Sales
of Repsol and Pennzoil lubricant products are also expected to
increase in 2012.
The Board is pleased to declare a final single-tier
dividend of 15% or 7.5 sen (2010 -13% or 6.5 sen) per share of
RM0.50 each, for the financial year ended 31December 2011. The
proposed final dividend, if approved by shareholders, will be
paid on 10 August 2012.
The total single-tier dividend for the financial year
ended 31 December 2011 would be 31 sen or 62% per share of
RM0.50 each. This payout represents approximately 72.7% of the
2011 net profit attributable to shareholders of UMW (net of
unrealised gains) against its target headline KPI for dividends
of at least 50%.
Klang,
11 Feb 2012 - In conjunction with the Chinese New Year
celebration, volunteers from the UMW Community Champions
programme spent their Saturday with children from the Good
Samaritan Home in Klang. Founded in 1999, the home currently
houses 28 children ranging from 3 to 17 year olds.
The Community Champions programme was first launched in
May 2009 as an extension towards UMW's CSR activities and to
enable all UMW employees to be a part of the Group's CSR
efforts.
Each of the children received 'ang pow' packets and
goody bags. Later, they were taken for a movie and dinner treat
at a local restaurant located in Bukit Tinggi, Klang.
As with any festive season, UMW's collection-drive for
the needy has never failed to disappoint. This year, its CSR
department managed to collect more than RM2, 000 in cash and
kind from members of its staff. On 19 January 2012, these
contributions were given to the recipients staying at the House
of Joy which was burned down last December due to a
short-circuit. It is a home for 60 children from abused
families and broken homes. The UMW Group has a long
history of supporting a number of non-profit and non-political
organisations through its community programmes. The Group's
Corporate Responsibility strategy is comprehensive and goes
beyond just funding charitable projects, benchmarking against
international best practices in the marketplace, the workplace,
the environment and the community. The UMW Community
Champions have successfully clocked more than 3,000 hours
(3170.5 hours) in volunteer work for 2011, exceeding the target
hours of 2,500 hours. This year, the programme is expected to
clock in more than 3,500 hours.
UMW Achieves Pretax
Profit of RM414 million in 3Q11
Shah
Alam, 24 Nov 2011 - The UMW Group announced today that its
Group revenue of RM3,691.4 million for the third quarter ended
30th September 2011 exceeded the RM3,087.3 million recorded in
the preceding year's corresponding quarter by RM604.1 million or
19.6%.
Higher revenue from
all four core business segments contributed to the increase.
Swift production recovery from the impact of earthquake and
tsunami in Japan had enabled its Automotive and Equipment
segments to register a surge in revenue. Full-quarter revenue
generated by its premium jack-up rigs, Naga 2 and Naga 3 coupled
with the higher day-rate from its semi-submersible rig, Naga 1,
contributed to the higher revenue in the Oil & Gas segment.
Consequently, Group
profit before taxation for the third quarter ended 30th
September 2011 improved from the RM340.9 million registered in
the same quarter of 2010 to RM414.2 million, an increase of
21.5% or RM73.3 million. Higher sales of both Toyota and Perodua
vehicles and favourable exchange rate for the United States
Dollar resulted in the higher profit contributions from the
Automotive segment.
Group revenue of
RM10,079.1 million for the nine months ended 30th September 2011
surpassed the RM9,402.5 million registered in the same period of
2010 by RM676.6 million or 7.2%. Additional revenue
contributions from the three offshore rigs, Naga 1, Naga 2 and
Naga 3 coupled with strong demand for heavy and industrial
equipment, mainly contributed to the higher revenue.
Despite the higher revenue, Group profit before taxation
for the nine months ended 30th September 2011 declined
marginally to RM1,065.7 million from the RM1,088.3 million
recorded in the same period of 2010, a decrease of RM22.6
million or 2.1%. Substantial increase in the cost of base oil
and the fact that its newly-completed plants overseas are still
in the initial stages of operations below breakeven capacity,
resulted in the lower profit contributions from the
Manufacturing and Engineering segment.
Total sales of
Toyota and Perodua vehicles of 198,950 units represented 44.2%
of the total industry volume of 450,244 units reported by the
Malaysian Automotive Association for the nine months ended 30
September 2011.
Moving forward
The flooding in Thailand has not directly affected any
of the three Toyota vehicle production plants located in
Samrong, Ban Pho and Gateway. However, vehicle production has
been halted since 10th October 2011 due to disruptions in the
supply of critical parts by suppliers in Thailand affected by
the flooding. Toyota is doing everything possible within its
capability to restore procurement as soon as possible. This
includes procuring substitute parts from affiliates in other
countries and carrying out countermeasures on a daily basis.
Toyota resumed its plant operations in Thailand on 21st November
2011.
UMW Toyota anticipates a temporary lower-than-normal
stock level in the last two months of the year as a result of
the floods in Thailand. However, UMW Toyota is doing its utmost
to minimise delivery disruptions to its customers. The flooding
in Thailand has no impact on the production of Perodua vehicles.
Despite the challenges above, the Automotive segment is expected
to achieve its internal revenue and profit targets set for 2011.
Demand for heavy and industrial equipment is expected to
be maintained in the fourth quarter of 2011. However, provision
for potential losses for a heavy equipment maintenance contract
is expected to affect the profit contributions from the
Equipment segment for the fourth quarter of 2011.
Performance of the Group's Manufacturing and Engineering
segment is expected to be sustained in the fourth quarter of
2011, as impact from the flooding in Thailand is very minimal.
However, on the whole, this segment is expected to underperform
from its internal revenue and profit targets set for the year
2011 due to the general market slow-down and more costly raw
materials.
With the three rigs, Naga 1, Naga 2 and Naga 3, fully
operational, operating results of the Oil and Gas segment is
expected to improve further in the remaining quarter of 2011.
However, any further unfavourable movement in fair value of the
investment segments quoted overseas and hedging instruments at
year-end will affect the overall performance of the Oil and Gas
segment for the year 2011.
The Board is of the view that the Group's internal
targets for 2011 are achievable.
The Board declared a second interim single-tier dividend
of 27% or 13.5 sen (2010 -27% or 13.5 sen) per share of RM0.50
each, amounting to a net dividend payable of approximately
RM157.7 million (2010 - RM156.6 million) for the year ending
31st December 2011, to be paid on 10th February 2012.
Shah
Alam, 19 Oct 2011 - UMW Lubricant International Sdn. Bhd. (ULI),
a wholly-owned subsidiary of the UMW Group, today unveiled
REPSOL's range of lubricants for the automotive industry. While
the Repsol name is synonymous with motorcycle lubricants due to
its long association with MotoGP, the brand carries a wider
range of products including lubricants for passenger and
commercial vehicles as well as industrial use. The principal
agency agreement with Repsol YPF Lubricantes Y Especialidades,
S.A. (REPSOL) on for the appointment of ULI as the exclusive
Principal Agent was signed in November last year, during the
last round of the MotoGP Championship in Valencia, Spain. The agreement includes
the distribution of REPSOL lubricants for automotive,
motorcycle, and industrial use as well as ancillary products
manufactured or sold by REPSOL. This exclusive distributorship
covers Malaysia, Singapore, Brunei, Papua New Guinea, Myanmar,
and China.
UMW and REPSOL have likened the deal to a 'marriage'
where REPSOL has found the perfect strategic partner in UMW to
help its market penetration into Asia as part of its
international expansion plan. UMW, on the other hand, with its
strong presence in Asia, extensive experience in managing
partners and financial stability, has found a world class brand
and committed partner in REPSOL.
Datuk Syed Hisham Syed Wazir, President & Group CEO,
UMW Holdings Berhad remarked, ''We are very happy with this
alliance with Repsol. Like in any marriage, the first year is
the most important, where each partner gets to know one another
better so that they can, together, weather any challenges they
may face in the future."
Since its introduction into the Malaysian market in June
2011, ULI has imported more than 530 tonnes of lubricant oil
meant for passenger vehicles, motorcycles, and diesel powered
engines.
"We have set a target of 3,700 tonnes for 2012 to cater
for the growing needs of the motorcycle and passenger car
sectors, as well as diesel engines including automatic
transmission fluid and other industrial products", said Datuk
Syed Hisham.
Sales of Repsol in Malaysia have been very encouraging
since its introduction in June due to its renowned quality and
strong international brand identity. ULI hopes to capture at
least 3% of the market share by the end of 2012 through a series
of on-ground activities scheduled for kick-off during the
upcoming MotoGP in Sepang.
The event will mark ULI's maiden stage appearance with
Repsol, where a convoy of more than 300 bikers will track the
journey to the circuit on 23rd October. Scheduled appearances by
Repsol riders are also expected at ULI's promotional booth and
Corporate Suite at SIC along with other promotional fun-filled
activities.
"We would like to
position Repsol as a premium quality lubricant that will compete
with existing major players in the lubricant industry. Given its
long-time association with MotoGP, we are going to leverage on
this and aggressively promote Repsol products for the wider
passenger vehicle market. We will appoint nationwide
distributors and dealers, and target to have more than 200
outlets by the end of 2011", added Datuk Syed Hisham.
Sales of Repsol lubricants are expected to reach 20,000
tonnes per year within Malaysia and China by 2015. REPSOL
currently markets its lubricants directly and through
distributors in over 60 countries in America, Europe and Asia.
In Asia, the company is present in Indonesia, Japan, Philippines
and Taiwan, where it produces and distributes locally.
REPSOL is Spain's largest integrated oil and gas company
with principal operations in Latin America, the Middle East and
North Africa as well as operations in over 30 countries in
upstream, downstream and LNG businesses.
Kuala Lumpur, 15
Sept 2011 - The UMW Group today unveiled "Dunia UMW", a
first-of-its-kind in the corporate world. Built around the
concept of merging 3D imaging with reality based entities,
'Dunia UMW' is designed to provide an extensive virtual
experience of some of UMW's key facilities. Provided with
near-perfect 3D models based on actual plans, presenters and
visitors alike can now immerse themselves in a virtual
environment with sight and sound; you have freedom to move and
interact in real-time interaction using pre-selected 3D Avatars
using simple click-and-choose options.
In "Dunia UMW", visitors will have the ability to freely
move around, observe, interact with the environment (view videos
and other reality based content), and vocally communicate with
UMW hosts as well as other visitors, in real time.
"Dunia UMW" probably marks a first for any corporation
to showcase its facilities and infrastructure using latest
cutting-edge technology - a technology opined by Jim Blascovich
and Jeremy Bailenson's in their new book, "Infinite Reality", as
being available only within the next few years.
Access is simple. Visitors make an appointment with the
UMW officer who will revert with an email confirmation and a
secure link to download the program to their PC. The program
once installed provides the engine which creates a secure link
to the UMW Server. On the appointed day, the visitor using their
assigned USER ID and PASSWORD, selects an Avatar for themselves
(the virtual being) and enters "Dunia UMW" for a tour accompanied
by one of our Virtual Ambassadors who will be on hand to
receive and guide you.
The first phase of "Dunia UMW" mirrors a number of
facilities including UMW's Reception, Lounge, and Meeting
Facilities, the Hallmark Lounge and Discussion Rooms, as well as
our gallery of history - UMW GaleriKu. Visitors who arrive at
our virtual reception and lounge areas get a near-life visual
experience of being at UMW's headquarters in Shah Alam with the
tour of GaleriKu providing a rich informative overview of the
company. The next phase in the pipeline is the
recreation of key UMW operations which is expected to include 3D
virtual creation of one of the Group's oil and gas exploration
rigs, car assembly plant, car body paint shop, and possibly a
pipe manufacturing plant.
Prime Minister Dato' Sri Mohd Najib bin Tun Abdul Razak
launched the preview of 'Dunia UMW - A Virtual Walkthru' at this
year's Minggu Saham Amanah Malaysia held at Stadium Indra Mulia,
Ipoh, Perak on 20 April, 2011.
UMW's project applications development partner is Axis
Three Dee Studios Pvt. Ltd. of Kolkata, India, a 3-D simulation
company. Axis Three Dee is Intel's Associate Partner.
Dunia UMW's cyber
'Corporate Networking' platform, Dunia UMW incorporates many new
cutting-edge features. Visitors can experience the sensation of
view their reflections and shadows on polished floor tiles and
mirrors as they would in reality. The 3D Avatars allow easy
movement using the arrow key on the keyboard to move around.
Personal interaction in virtual space include the ability to
greet others real-time by verbal communications as well as
through more traditional body movements including bowing and
shaking hands. All of this is made possible with sophisticated
backend technology that packages both the communications and
security in an integrated application that allows you to
experience Dunia UMW from the comfort of your home or office
anywhere in the world, using today's basic computer
configuration with an internet connection.
You can arrange an
appointment to visit Dunia UMW by clicking the link below.
UMW Achieves Pretax
Profit of RM312 million in 2Q11
Shah
Alam, 19 Aug 2011- The UMW Group announced a
revenue of RM3.166 billion for the second quarter ended 30 June
2011, representing a slight drop of 1.7% from the revenue
registered in the first quarter.
Lower
sales of Toyota vehicles due to production disruptions caused
by the earthquake and tsunami in Japan, resulted in the lower
revenue for the second quarter.
Group
profit before taxation for the second quarter ended 30 June
2011 decreased from RM339.5 million in the first quarter of
2011 to RM312.0 million, a reduction of 8.1% or RM27.5million.
Group
revenue of RM6,387.6 million for the six months ended 30 June
2011 improved marginally over the RM6,315.2 million registered
in the same period of 2010 by RM72.4 million or 1.1%.
Total
Toyota and Perodua vehicle sales of 125,813 units represented
42.3% of the total industry volume of 297,203 units reported by
the Malaysian Automotive Association (MAA) for the six months
ended 30 June 2011.
Moving
forward
The
MAA revised its 2011 TIV forecast of new motor vehicle sales
from 618,000 units to 608,000 units.This
downward revision by 10,000 units or 1.6% was made in view of
the production disruptions caused by the tsunami in Japan as
well as the slow-down in vehicle registration caused by the
amendments to the Hire Purchase Act ("HPA").
Notwithstanding
the above, the performance of both Toyota and Perodua is
expected to improve significantly in the second half of 2011.Consequently, profit contributions from the Automotive segment
are expected to be in line with the Group's original 2011
internal targets.
Datuk
Syed Hisham bin Syed Wazir, President and Group CEO of UMW
said, "I am pleased to announce that we have ramped up our
Toyota vehicle production for the second half of the year and
we expect to meet our sales targets.Perodua's sales was also affected by
the Japan disaster and the run-out of the old Myvi.The brand new Myvi was launched on 16th June and the response
has been very good.As such, the performance
of both Toyota and Perodua is expected to the better in the 2nd
half".
Supply
of Komatsu, Toyota and Mitsubishi equipment has returned to
normal since July 2011. The impact of the
tsunami on the performance of the Equipment segment during the
second quarter of 2011 was relatively minor. Strong demand for
its heavy and industrial equipment is expected to continue into
the second half of 2011.
Both
revenue and profit contributions from the Manufacturing and
Engineering segment for the year 2011 are expected to be lower
than budget due to the slow-down in vehicle sales caused by the
tsunami in Japan.Sales of its automotive
parts are picking up following the progressive recovery in the
automotive sector.
The
operating results of UMW's Oil & Gas Division have shown
considerable improvement.With the improved
performance, the division is expected to be profitable again
from this year.
The
Group's performance is progressing satisfactorily in accordance
with its business recovery plans and the Group is likely to
achieve its internal performance targets for 2011.
The
Board declared an interim single-tier dividend of 20% or 10.0
sen (2010 - 20% or 10.0 sen) per share of RM0.50 each,
amounting to a net dividend payable of approximately RM116.8
million (2010 - RM114.8 million) for the year ending 31st
December 2011, to be paid on 7th October 2011.
Gombak,
30 Jul 2011 - As part of its on-going CSR programme, UMW, one of
the nation's largest conglomerates, took part in organising a
programme to river clean-up the Sungai Gombak. The Group's
internal volunteer group, the UMW Community Champions, together
with Lembaga Urus Air Selangor (LUAS) and Alam Flora spent the
whole of Saturday morning on 30th July cleaning up parts of the
river and adjacent areas.
As many of us may be aware, the Klang Gate Dam is the
main source of water supply for the residents of the Klang
Valley. Water flows from the Sungai Gombak through the Puncak
Niaga Treatment plant, and from there, processed clean water is
supplied to households. Sungai Gombak's attraction as a picnic
recreational spot had become increasingly popular due to its
location and close proximity to urban and residential areas. This
distinction however, has also led to an increase in the amount of
litter that is thrown into the river and surrounding areas by
visitors.
UMW President & Group CEO, Datuk Syed Hisham Syed
Wazir said, "Although this was a small effort, we hope that we
were able to teach, especially the young, the importance of
taking care of our environment. After all, we ourselves do not
inherit the earth from our parents, but merely borrow it from our
children".
The UMW Group has a long history of supporting non-profit
and non-political organisations through its community programmes.
The Group's Corporate Social Responsibility (CSR) strategy is
comprehensive and goes beyond just funding charitable projects;
we benchmark against international best practices in the
marketplace, the workplace, the environment, and the community.
As at 31st December 2010, the UMW Community Champions
successfully clocked 2,226 service hours, exceeding the target of
2,010 service hours for 2010. The Group plans top this by
increasing its service hours to 2,500 hours by the close of 2011.
Shah
Alam, 25 May 2011 - The UMW Group announced today that its
Group profit before taxation for the first quarter ended 31
March 2011 of RM339.5 million outperformed the RM305.1 million
registered in the same quarter of 2010 by 11.3% or RM34.4
million. Higher revenue coupled with favourable foreign exchange
rates mainly contributed to the higher profit before taxation. As
a result of the above, net profit attributable to the owners of
the Company for the first quarter of 2011 increased from RM132.9
million registered in the same quarter of 2010 to RM151.8
million, an increase of RM18.9 million or 14.2%.
Group revenue of RM3,221.2 million for the first quarter
ended 31 March 2011 surpassed the RM3,033.2 million achieved in
the preceding year's corresponding quarter by RM188.0 million or
6.2%. Improved sales registered by all business segments of the
Group, particularly the Equipment segment, resulted in the
revenue growth.
Total Toyota and Perodua vehicle sales of 73,466 units
represented 46.4% of the Total Industry Volume of 158,433 units
reported by the Malaysian Automotive Association for the quarter
ended 31 March 2011. Group profit before taxation of
RM339.5 million for the first quarter ended 31 March 2011 was
RM114.8 million or 51.1% higher than the RM224.7 million
recorded in the fourth quarter of 2010. This was because the
fourth quarter results had reflected impairment losses provided
on some of the Group's assets and investments. However,
Group revenue of RM3,221.2 million for the first quarter ended
31 March 2011 was lower than the RM3,438.1 million registered in
the fourth quarter of 2010 by RM216.9 million or 6.3%. Lower
sales of Toyota vehicles, automotive components and some of the
Group's Oil & Gas products and services, resulted in the
reduction in revenue for the first quarter. Moving
forward Production of both Toyota and Perodua vehicles
in the second quarter of 2011 is expected to slow down due to
disruptions in parts supplies as a result of the recent
earthquake and tsunami in Japan. As automotive parts makers in
Japan are now scheduling to resume production earlier than
expected, it is possible that production of Toyota and Perodua
vehicles can be ramped up in the second half of 2011 to levels
sufficient to cover the earlier shortfall. Perodua is
maintaining its full-year sales target of 195,000 units and
plans to roll out a new model soon to replace its top seller,
MyVi.
Supply of Komatsu, Toyota and Mitsubishi equipment for
the month of April 2011 was delayed. However, this delay is
likely to be temporary as production is expected to resume to
normalcy within the next few months. UMW's Board is optimistic
that the Group would most likely be able to meet its delivery
commitments for the whole year.
Datuk Syed Hisham bin Syed Wazir, President and Group
CEO of UMW said, "The recent earthquake and tsunami in Japan are
affecting our second quarter automotive parts sales volume in
India and Malaysia. However, impact on the 2011 revenue and
earnings targets of our Manufacturing & Engineering Segment
is not expected to be material as full recovery within the next
few months is highly probable".
Performance of the Group's Oil & Gas Segment is
expected to continue to improve for the rest of the year in view
of the following:
- UMW's premium jack-up rig, Naga 3, has secured a
drilling contract from Petronas Carigali Sdn. Bhd. with an
estimated value of USD41.5 million for the first year and the
option to renew in Year 2 and Year 3. Naga 3 has been
income-generating since March 2011.
- Both Naga 1, a semi-submersible rig and Naga 2, a
premium jack-up rig, will continue to generate income for the
remaining period of the year.
- United Seamless Tubulaar Private Limited's new OCTG
plant in India is on track to increase its plant capacity
utilisation.
- The performance of its overseas associate, WSP
Holdings Limited, has shown some improvement.
UMW's Board is of the view that the financial
performance for the second quarter of 2011 will be affected by
the recent earthquake and tsunami in Japan. However, barring
unforeseen circumstances, full recovery from this temporary
set-back is possible in the second half of 2011.
Making inroads into
Virtual Reality - UMW Previews 'Dunia UMW'
Shah
Alam, 03 May 2011 - The UMW Group recently unveiled another
first of its kind in the corporate world. Prime Minister Dato'
Sri Mohd Najib bin Tun Abdul Razak launched a preview of 'Dunia
UMW - A Virtual Walkthru' at this year's Minggu Saham Amanah
Malaysia held at Stadium Indra Mulia, Ipoh, Perak on 20 April.
This 3D Walkthru is intended to provide an extensive and virtual
preview of some of UMW's important facilities. It allows
visitors to see and interact in real time with UMW officers
without having to physically travel all the way to these
facilities.
"Dunia UMW" marks probably the first for any corporation
that would have ever ventured to showcase its facilities and
infrastructure using the latest cutting-edge technology - a
technology which, according to Jim Blascovich and Jeremy
Bailenson's new book, "Infinite Reality", may only be available
within the next five years.
Provided with near-perfect 3D models based on actual
plans, presenters and visitors alike are able to be virtually
immersed in an environment that offers complete and real-time
interaction through the pre-selected 3D Avatars using simple
click-and-choose options.
The process draws heavily from MMOG technology
(Massively Multiplayer Online Gaming) that has, over the last
few years, broken all boundaries between the Virtual and Real
world perceptions.
The first phase of ''Dunia UMW" will showcase UMW's
historical gallery, known as UMW GaleriKu. UMW's reception and
lounge area have also been virtualised to give visitors a real
feel of entering the UMW headquarters in Shah Alam. The next
phase in the digitisation of UMW's operations is expected to
create one of the Group's exploration rigs, as well as its
assembly plant and paint shop, and possibly a pipe manufacturing
plant.
The developers of the project are from Axis Three Dee
Studios of Kolkata, India, a 3-D simulation company. Axis Three
Dee is Intel's Associate Partner.
The programme incorporates many cutting-edge features:-
- exact replication of existing environment in low and
mid poly - 4-D mathematics to produce advanced graphics
- 3-D avatars for advanced interaction in Virtual
Reality - hybrid transfer of Voice and Data -
multi-channel segregation of voice conferencing over minimal
bandwidth - XOR-based encryption for security
Compelling Facts
Related to Tennant Sustainability and ec-H20ââ¢
Important statistics
illustrating the growing need for sustainable cleaning solutions,
as well as more details on ec-H20â⢠- which uses
electrically converted water to clean floors chemical-free,
while reducing water usage by up to 70%.
UMW Donates RM
500,000 To Japan Earthquake And Tsunami Fund
Shah
Alam, 1 Apr 2011 - The UMW Group has contributed RM500,000 to
the victims of the Japan earthquake and tsunami through the
Malaysian Red Crescent Society (MRCS) International Relief Fund
at the MRCS headquarters in Kuala Lumpur on 30 March 2011. The
contribution consisted of RM350,000 from UMW Toyota Motor Sdn.
Bhd. and RM150,000 from UMW Corporation Sdn. Bhd..
UMW President &
Group CEO, Datuk Syed Hisham Syed Wazir said, ''The UMW Group
has enjoyed a long and rewarding business relationship with
several highly established Japanese corporations over the
years, including Toyota Motor Corporation, Japan. All of us in
UMW sincerely and humbly hope this contribution will assist
towards the rebuilding of lives as well as the affected areas
in Japan.
We
greatly admire the dignity and indomitable spirit of the
Japanese people and Japan as a nation. There is no doubt at all
in our minds that Japan will rise once again, stronger than
ever, to overcome this tragedy, in the shortest time possible."
Datuk
Syed Hisham presented the cheque on behalf of UMW Corporation
while En Ismet Suki, President, UMW Toyota Motor presented on
behalf of UMW Toyota Motor. YM Tunku Tan Sri Shahriman bin
Tunku Sulaiman, Chairman, MRCS received the cheques on behalf
of MRCS International Relief Fund. Also present to witness the
ceremony were Mr Koichi Ito, Deputy Head of Mission, Embassy of
Japan and Mr Takashi Hibi, Deputy Chairman, UMW Toyota Motor. The
UMW Group has a long history of supporting a number of
non-profit and non-political organisations through its
community programmes. The Group's Corporate Social
Responsibility (CSR) strategy is comprehensive and goes beyond
just funding charitable projects, benchmarking against
international best practices in the marketplace, the workplace,
the environment and the community.
The
UMW Group has also contributed to various other relief funds
for foreign natural disasters over the years. For more
information, please refer Appendix.
Appendix
List of UMW Group's past contributions to foreign
natural disaster funds:
Myanmar, Nargis Cyclone (2008) Total contribution -
RM75,000 UMW Corporation - RM50,000 UMW
Toyota Motor - RM25,000
Contributed to MERCY Malaysia
China, Earthquake (2008) Total contribution - RM250,000
UMW Corporation - RM210,266 UMW Toyota Motor
- RM25,000 Staff contribution - RM14,733.90
Contributed to the China Embassy
Indonesia, Jogjakarta Earthquake (2006) Total
contribution from UMW - RM10,000
Contributed to Majlis Belia Malaysia
Indonesia, Tsunami (2004) Total contribution
from UMW - RM 221,613.52 RM100,000 contributed to
Tsunami Disaster Fund by NST-Berita Harian-TV3/8TV RM100,000
contributed to Tabung Kemanusiaan Acheh managed by Utusan
Malaysia RM21,613.52 staff contribution to Tabung
Bencana Tsunami Asia - Kementerian Luar Malaysia
Shah Alam, 30 Nov 2010 - The UMW Group today
announced the appointment of En Ismet Suki as the new President of
UMW Toyota Motor Sdn. Bhd. ("UMW Toyota Motor"), effective 1 January
2011, replacing Mr Kuah Kock Heng who will complete his term on 31
December 2010. Mr Kuah will, with effect from 1 January 2011, head
Toyota Capital Malaysia Sdn. Bhd. ("Toyota Capital Malaysia") as
President, replacing Mr Lim Chin Teong upon the latter's
retirement on 31 December 2010. Mr Kuah will also remain on the
board of UMW Toyota Motor. Toyota Capital Malaysia, a subsidiary
of Toyota Financial Services Corporation, Japan ("TFSC"), provides
financial products and services to Toyota customers - covering
individual, business and fleet vehicles. TFSC, a wholly-owned
subsidiary of Toyota Motor Corporation, Japan ("TMC"), specialises
in vehicle financing for TMC around the world, and has total
managed assets of JPY 11 trillion.
The UMW Group would like to express its deepest appreciation
to Mr Kuah Kock Heng for his contributions to UMW Toyota Motor.
En Ismet Suki, 57, is currently Executive Director, Customer
Services Group & Human Capital Division of UMW Toyota Motor, a
subsidiary in the UMW Group. He has served UMW Toyota Motor since
1990 in various capacities, benefitting from the job rotation
system practised by the company.
En Ismet Suki has a Diploma in Business Administration from
UiTM and also holds a Bachelor of Science (Marketing) degree from
Syracuse University, New York, United States of America. He has
also attended a Senior Executive Programme in Kellogg Graduate
School, United States of America.
En Ismet started his career in 1976 as a Market Analyst at
Ford Motor Company (Malaysia). He was granted a 2-year study leave
from Ford Motor in 1979 to pursue the afore-mentioned degree as a
MARA scholar. Upon his return, he rejoined Ford Motor Company as
Field Manager and later, the Sales Planning & Distribution
Manager. Thereafter, he spent a few years at Peremba Berhad before
joining UMW Toyota Motor in 1990 as Public Affairs Manager.
Given his extensive experience in the company's Service,
Marketing, Customer Services and Human Capital Divisions, En Ismet
is well-poised to take on the challenges of an increasingly
competitive automotive sector.
The UMW Group is an international conglomerate that develops
industries, manages partnerships and facilitates growth. It is
involved in four core businesses - Automotive, Equipment,
Manufacturing and Engineering, and Oil and Gas.
In adopting the rallying call Beyond Boundaries, UMW is set to
play a leading role in shaping the future of its industries
globally. The Company will do this by inspiring vibrant ideas,
nurturing potential, pioneering partnerships and delivering
excellence in everything it does; the rewards of which will
contribute to the progress and well-being of its stakeholders.
Shah
Alam, 29 Nov 2010 - The UMW Group today announced that UMW
Lubricant International Sdn. Bhd. (ULI), a wholly-owned subsidiary
in the UMW Group, has signed a principal agency agreement with
Repsol YPF Lubricantes Y Especialidades, S.A. (REPSOL) for the
appointment of ULI as the exclusive Principal Agent to
distribute the Repsol brand of lubricants throughout Asia. This
includes the automotive, motorcycle and industrial lubricating
oils and ancillary products excluding marine oils manufactured
or sold by REPSOL. Two subsidiary agreements covering
distributorship in China, Malaysia, Singapore, Brunei, Papua New
Guinea and Myanmar were also signed. The signing of the
agreements was timed to coincide with the final race of the
prestigious MotorGP World Championship on Saturday, 6 November
in Cheste, Valencia, Spain.
The agreements were
signed by Datuk Syed Hisham bin Syed Wazir, President and Group
CEO, UMW Holdings Berhad and Mr Pascual Olmos, Executive
Director, Repsol Marketing Europe amidst a flurry of excitement
at the Repsol booth on the MotorGP circuit. Other signatories
were En Azhar Harun and Ms Suseela Menon, Executive Directors,
UMW Corporation Sdn. Bhd.. Earlier, the famous Dani Pedrosa, a
Repsol Honda team rider and runner-up in the 2010 MotorGP World
Championship, had made a surprise visit to meet the UMW and
Repsol management teams.
The initial term of
the agreement is five years with options for further extensions
to be agreed by the partners. Both partners have likened the
deal to a ââŹËmarriage' where REPSOL has found the perfect
strategic partner in UMW to help its market penetration into
Asia as part of its international expansion plan. UMW, on the
other hand, with its strong presence in Asia, extensive
experience in managing partners and financial stability, has
found a world class brand and committed partner in REPSOL.
Mr Pascual Olmos
said, "REPSOL is happy to have found a strong and suitable
partner in UMW for our expansion plans for Asia, and we are
looking forward to other collaborations with UMW in the future."
Datuk Syed Hisham
Syed Wazir remarked, "We are very happy with this alliance with
Repsol. Like in any marriage, the first year is the most
important, where each partner gets to know one another better so
that they can, together, weather any challenges they may face in
the future."
Sales of Repsol
lubricants are expected to reach 20,000 tonnes per year by the
end of the five year period, equivalent to more than 25% of
REPSOL's annual sales of these products in Spain. REPSOL
currently markets its lubricants directly and through
distributors in over 60 countries in America, Europe and Asia.
In that continent, the company is present in Indonesia, Japan,
Philippines and Taiwan, where it produces and distributes
locally.
REPSOL is Spain's
largest integrated oil and gas company with principal operations
in Latin America, the Middle East and North Africa and other
operations in over 30 countries in upstream, downstream and LNG
businesses. Its involvement in the upstream and downstream
businesses offers future opportunities for collaboration with
UMW in these areas in the future.
The UMW Group is an
international conglomerate that develops industries, manages
partnerships and facilitates growth. It is involved in four core
businesses - Automotive, Equipment, Manufacturing and
Engineering and Oil and Gas.
In adopting the
rallying call Beyond Boundaries, UMW is set to play a leading
role in shaping the future of its industries globally. The
Company will do this by inspiring vibrant ideas, nurturing
potential, pioneering partnerships and delivering excellence in
everything it does; the rewards of which will contribute to the
progress and well-being of its stakeholders.
UMW Acquires 2
Companies From Pennzoil Quaker State Company
Shah
Alam, 29 Nov 2010 - The UMW Group today announced that in order
to strengthen its Pennzoil lubricant distributorship agreement,
UMW Auto Parts Sdn. Bhd. (UAP), a wholly-owned subsidiary in the
UMW Group, has entered into two separate Share Sale Agreements
with Pennzoil-Quaker State Company (PQSC) for the acquisition of
30% of the issued and paid-up share capital of Lubetech Sdn. Bhd.
(LSB) and 50% of the issued and paid-up share capital of UMW
Pennzoil Distributors Sdn. Bhd. (UPD) from PQSC. Upon completion
of the Proposed Acquisitions, both LSB and UPD will become
wholly-owned subsidiaries in the UMW Group.
Under the Share
Sale Agreements, UAP will acquire 324,000 ordinary shares of par
value RM1.00 each, representing 30% of the issued and paid-up
share capital of LSB at a purchase consideration of
RM5,898,058.25, and 500,000 ordinary shares of par value RM1.00
each, representing 50% of the issued and paid-up share capital
of UPD at a purchase consideration of RM9,101,941.75 from PQSC.
The purchase
consideration of the Proposed Acquisitions was arrived at on a
"willing-buyer willing-seller" basis.
UMW's strategy is
to eventually establish itself in the international lubricant
arena.
The term of the
Trademark License Agreement between PQSC and UPD is for 10 years
(5 + 5).
PQSC is a leading
worldwide automotive consumer products company formed in the
United States of America in 1998. Its Pennzoil and Quaker State
brand motor oils are the number one and two selling motor oils
in the United States of America.
The UMW Group is an
international conglomerate that develops industries, manages
partnerships and facilitates growth. It is involved in four core
businesses - Automotive, Equipment, Manufacturing and
Engineering and Oil and Gas. In adopting the rallying
call Beyond Boundaries, UMW is set to play a leading role in
shaping the future of its industries globally. The Company will
do this by inspiring vibrant ideas, nurturing potential,
pioneering partnerships and delivering excellence in everything
it does; the rewards of which will contribute to the progress
and well-being of its stakeholders.
Shah
Alam, 22 Nov 2010 - The UMW Group announced today that its
Group profit before taxation for the nine months ended 30
September 2010 of RM1,088.3 million outperformed the RM597.4
million achieved in the same period of 2009 by 82.2%, an
increase of RM490.9 million. Higher revenue from most of UMW's
core business segments, improved margins from favourable foreign
exchange rates and model mix contributed to the profit surge.
However, the antidumping and countervailing duties imposed by
the United States on OCTG pipes imported from China continued to
adversely affect the performance of its overseas associate, WSP
Holdings Limited. Negative contribution from Naga 2 also
contributed to the loss registered by the Oil & Gas segment.
Net profit attributable to the owners of the
Company of RM493.9 million for the nine months ended 30
September 2010 was significantly higher than the RM271.3 million
achieved in the same period of 2009, an increase of RM222.6
million or 82.049%.
Group revenue of
RM9,402.5 million for the nine months ended 30 September 2010
improved over the RM7,728.5 million recorded in the same period
of 2009 by RM1,674.0 million or 21.7%. Strong economic recovery,
particularly in the first six months of 2010, resulted in higher
demand for Toyota vehicles, industrial and heavy equipment as
well as automotive parts. However, sales of its oil and gas
pipes and services were adversely affected by the slow recovery
in the Oil & Gas Industry.
Group revenue
of RM3,087.3 million for the third quarter ended 30 September
2010 had surpassed the RM2,797.7 million achieved in the
preceding year's corresponding quarter by RM289.6 million or
10.4% due to strong consumer and business confidence that
continued to generate demand for Toyota vehicles, heavy and
industrial equipment as well as automotive parts.
Group
profit before taxation for the third quarter ended 30 September
2010 of RM340.9 million exceeded the RM288.2 million registered
in the same quarter of 2009 by 18.3%, an increase of RM52.7
million. Higher sales of UMW's products and services by most of
its business segments and favourable foreign exchange rates
accounted for the profit improvement for the quarter ended 30
September 2010.
As a result, net profit
attributable to the owners of the Company for the third quarter
of 2010 increased from RM125.9 million registered in the same
quarter of 2009 to RM149.4 million, an increase of RM23.5
million or 18.7%.
Group revenue of RM3,087.3
million for the third quarter ended 30 September 2010 was lower
than the RM3,282.1 million registered in the second quarter of
2010 by RM194.8 million or 5.9%. Sale of Toyota vehicles and
automotive parts declined due to the shorter trading periods in
the third quarter of 2010 as a result of the long Hari Raya
Aidilfitri festival break.
Consequently,
Group profit before taxation of RM340.9 million for the third
quarter ended 30 September 2010 was RM101.4 million or 22.9%
lower than the RM442.3 million recorded in the second quarter of
2010. A dip in the sales of both Toyota and Perodua vehicles
mainly accounted for the reduction in profit.
Total
Toyota and Perodua vehicle sales of 212,438 units represented
46.9% of the total industry volume of 453,249 units reported by
the Malaysian Automotive Association for the nine months ended
30 September 2010.
The UMW Board declared a
second interim single-tier dividend of 27% or 13.5 sen (2009 -
10% or 5.0 sen) per share of RM0.50 each, amounting to a net
dividend payable of approximately RM156.6 million (2009 - RM56.2
million) for the year ending 31 December 2010, to be paid on 11
February 2011.
Moving forward As
expected, growth in the global economy has moderated in the
third quarter with advanced economies registering a slower
growth momentum than the developing and emerging economies.
Nevertheless, the recovery is likely to continue into the fourth
quarter of 2010, albeit at a slower pace.
Datuk
Syed Hisham bin Syed Wazir, President and Group CEO of UMW said
"It is anticipated that vehicle sales will ease very slightly in
the fourth quarter of 2010, as some customers may defer
purchases to next year to gain better resale value and to
cash-in on the full excise duty exemptions on hybrid cars which
takes effect from 1 January 2011. We expect to close the year
with both Toyota and Perodua exceeding their internal targets of
88,000 units and 176,000 units, respectively".
In
line with the positive outlook for the Automotive Industry,
UMW's Manufacturing & Engineering segment is expected to
continue to perform well in the remaining months of the year.
The performance of its Oil & Gas segment is
expected to improve in the fourth quarter of 2010 in view of the
following: ââŹÂ˘ UMW's premium jack-up rig, Naga 2, was
mobilised to Ujang Pangkah Field in Indonesia on 8 September
2010, under a drilling contract with an estimated value of
USD183 million over a period of 1,355 days. ââŹÂ˘ UMW took
delivery of Naga 3, another premium jack-up rig, in September
2010 and is currently in active negotiations with potential
clients. ââŹÂ˘ United Seamless Tubulaar Private Limited's
new OCTG plant in India has commenced commercial production of
seamless tubular green pipes. The first shipment of 200MT of 9
5/8" seamless pipes was delivered on 25 August 2010. ââŹÂ˘
WSP has been successful in securing new customers in
international markets, consequent to which sales have shown
improvement. However, margins have eroded due to excess supply
in the domestic China market. The company is continuing to
pursue new export opportunities to broaden its customer base and
to achieve improvement in overall margins.
Demand
for heavy and industrial equipment is expected to be maintained
in the fourth quarter of 2010 in view of the following: ââŹÂ˘
strong domestic economic activities in countries where UMW has
presence ââŹÂ˘ high level of activities in the
construction, quarry and mining sectors with the implementation
of the various stimulus packages by the Malaysian Government.
UMW's Board is confident that the Group's internal
annual performance targets set for the year 2010 are achievable.
UMW Enters Drilling
Services Assistance Cooperation Agreement On Naga 2
Shah
Alam, 22 Nov 2010 - The UMW
Group announced today that in respect of the Letter of Award
received from HESS (Indonesia-Pangkah) Limited, for the
provision of UMW's Jack-Up Drilling Rig "NAGA 2" and drilling
services with a total contract value of approximately USD183.12
million, UMW Standard Drilling Sdn. Bhd. ("UMWSD"), a
wholly-owned subsidiary in the UMW Group, has entered into a
Drilling Services Assistance Cooperation Agreement with PT.
Harmoni Drilling Services ("PTHDS") and PT. Isis Megah
("PTIM").
The Agreement is to regulate and
formalise the conduct of business processes and cooperation in
relation to the provision of and the performance of the
Drilling Contract in respect of "NAGA 2" entered into between
HESS and PTIM. The Agreement also serves to confirm the roles
of each of the parties as mentioned in its announcement on 29
September 2010 in relation to the execution of the Drilling
Contract by HESS and PTIM.
The principal
activity of UMWSD is to perform contract offshore drilling
business and operations and other engineering services for oil
and gas exploration, development and production in Malaysia and
overseas.
PTHDS's principal activities are
the provision of offshore and onshore drilling and workover
services to the Oil and Gas industry while the principal
activities of PTIM are the supply of drilling and production
equipment to the Oil and Gas industry.
Shah Alam, 31 Aug
2010 - Congratulations
to the winners for winning an exclusive UMW Ruler Calculator!
1. Mr. Prakash A/L
Ragalwil @Rahavan, Enviro Metal Sdn. Bhd. 2. Ms.
Ching Yeo Boey, Lam Soon Edible Oils Sdn. Bhd. 3. Ms.
Bibiana Foo, Brooke Dockyard and Engineering Works
Corporation 4. En. Ismail Bin Abdullah, Globechem
Sdn. Bhd. 5. En. Norudin Bin Mamat, Latitude Tree
Furniture Sdn. Bhd. 6. Ms. Tay Mei Seah, Kilang Papan
Rimba Timor (Johor) Sdn. Bhd. 7. Mr. Yap Chee Hooi,
GP Autobat Sdn. Bhd. 8. Mr. Song Teng Hock, Seng Hin
Rubber (M) Sdn. Bhd. 9. Mr. PM Selvanathan, Ohreco
Sdn. Bhd. 10. Mr. Lim Ken Voon, LLS Fresh Fruits
Marketing Sdn. Bhd.
15 Nov
2008, Shah Alam - Congratulations
to the winners for winning an exclusive UMW USB Kit!
1. En.
Idrus Bin Osman, Coschem Sdn. Bhd. 2. Ms. Lai Soon Kwan,
Jinhui Industries Sdn. Bhd. 3. Mr. Nagendran A/L
Lelchumanan, KL-Kepong Edible Oils Sdn. Bhd. 4. Mr. Tan
Gaik Hong, Batamas Sdn. Bhd. 5. En. Mohamad Ariffin
Ismail, Kilang Hevea Bukit Perak 6. Mr. Su Kuok Miew,
Rimex Sdn. Bhd. 7. Mr. Hanson Tan Hsien-Hu, Coremax (M)
Sdn. Bhd. 8. Ms. Chan Yoke Mun, Philip Morris (M) Sdn
Bhd 9. Ms. Jennifer Soo Get Fong, Sabajuta Industries
Sdn. Bhd. 10. Mr. Chiau Chao Shee, Premier Milk (Malaya)
Sdn. Bhd.
UMW Equipment To
Supply Rm75mil Worth Of Airport Fire Vehicles To MAHB
Shah
Alam, 08 Oct 2010 - The UMW Group announced today that its
wholly-owned subsidiary, UMW Equipment Sdn. Bhd., has been awarded
a contract to supply a total of 21 Rosenbauer Airport Fire
Fighting Vehicles to Malaysia Airports Holdings Berhad (MAHB) at
a total value of approximately RM75 million. Included
in the contract are 19 units of the Rosenbauer Panther CA5 6x6,
one of the most advanced airport fire fighting vehicles, as well
as 2 specialist support vehicles. Of these units, 16 Panthers
will begin service with MAHB in phases during 2011 and will be
located at major airports across both East and West Malaysia,
whilst the remaining 3 Panthers and 2 support vehicles will
service the LCCT by the end of 2011.
The
contract also includes a comprehensive maintenance agreement for
a period of 15 years for all the vehicles.
The
first Rosenbauer Panther CA5 made its debut in Malaysia in
August 2009 at the PETRONAS Kertih Airport after a successful
introduction in the United States, Europe and other parts of
Asia. The Panther is known to be one of the world's most
sophisticated vehicles used in fire-fighting emergencies.
Manufactured and assembled in Rosenbauer, Austria, the vehicle
is capable of a one-man operation and has a capacity of 12,500
litres of water and can cater to almost all kinds of fire
emergencies. It is considered a flagship of the Rosenbauer
fleet, and is steadily growing in numbers at airports around the
world including the Kuala Lumpur International Airport.
UMW Equipment had also supplied nine units of the older
model Panther DD series to Malaysia Airport Berhad (MAB) and
TUDM airports/bases in East and West Malaysia.
UMW's Naga 1 Receives
Contract Extension From Petronas Carigali
Shah
Alam, 4 Oct 2010 - UMW JDC Drilling Sdn. Bhd., an 85%-owned
subsidiary of UMW Corporation Sdn. Bhd., which is in turn
wholly-owned by UMW, announced today that it has received a
Letter of Amendment & Contract Extension from PETRONAS
Carigali Sdn. Bhd. for a 5-year extension of the contract for the
provision of a Semi-Submersible Drilling Rig "NAGA 1" . The
original contract is dated 21 June 2006 and drilling operations
for the twenty (20) firm wells under this original contract are
expected to be completed by the end of 2010. The Contract
Extension is in respect of additional wells to be stipulated by
PETRONAS Carigali during the duration of the contract.
PETRONAS Carigali extended the contract for a further
period of five (5) years which shall commence upon completion of
drilling services of the twentieth (20th) well under the current
contract. The contract value is approximately USD250 million.
The Contract Extension is expected to contribute positively to
the earnings and net assets of UMW for the financial year ending
31 December 2011 and beyond.
NAGA 1,
jointly-owned by UMW and Japan Drilling Company Ltd. enjoys the
reputation of being the only Malaysian co-owned semi-submersible
offshore rig. NAGA 1 was refurbished and upgraded in 2008, thus
enhancing its competitiveness and extending its lifespan so as
to maintain its excellent safety track record as evidenced by
its no loss time incidents (LTI) for which it received awards
and recognition from the International Association of Drilling
Contractors and PETRONAS.
Shah
Alam, 1 Oct 2010 - As part of its corporate social
responsibility, UMW Holdings Berhad, one of the nation's most
reputable conglomerates today awarded 20 undergraduate students
from local universities with scholarships through its annual
scholarship award. The scholarship awards were presented by
UMW's new President & Group CEO, Dato' Syed Hisham bin Syed
Wazir. Also in the audience were the recipients' parents,
student affairs representatives from the universities and UMW's
senior management.
Held at UMW's
Corporate Building, the ceremony saw each recipient receiving
scholarships worth RM9,000 per year for engineering
undergraduates and RM8,500 per year for Business Administration,
Accountancy / Finance undergraduates. As part of the
scholarship, all the undergraduates received laptops to help
facilitate their assignments and research projects. This
programme is aimed at attracting and identifying potential
talents at an early stage. Since its inception in 2005, it has
been an effective recruitment tool for UMW in ensuring that the
best talents are always within the company's reach.
En. Zailan Ahmad,
Executive Director of Corporate Services and Group Human Capital
said "Providing financial support to needy students is an
on-going process. To-date 77 students have benefitted from the
grants whilst 44 students are in the full scholarship programme
with a total investment in excess of RM800, 000".
Upon completion of
their degree programmes, the graduates will be offered
management trainee positions where they will undergo a 12-month
graduate management training programme. This programme has
proven to be very effective in helping new employees to
experience and be exposed to the different facets of the Group's
business.
Apart from the UMW
Scholarship Award, UMW also offers rewards in the form of Amanah
Saham Gemilang (ASG) unit trusts to students in Shah Alam
schools who excel in the PMR examinations. Similar unit trust
rewards are also given to children of its employees who obtain
excellent results in the UPSR, PMR and SPM examinations.
Shah
Alam, 29 Sep 2010 - UMW Holdings Berhad, one of the nation's
most reputable conglomerates today launched the first edition of
its Management Series - "UMW-Dennis Specialist Vehicles Sdn. Bhd.
- A Bumpy Ride" at its headquarters in Shah Alam.
UMW has a very long
history - it has endured the test of time and it has overcome
numerous obstacles to become what it is today. The UMW
Management Series came about from the management's desire to
document UMW's many business ventures, both the successful and
also, failed ones. UMW had earlier in 2008 launched its
corporate history book, Turning Points: The UMW Story. The book
chronicles the journey of UMW, from the company's humble
beginnings to its current achievements as an international
conglomerate. Having published the history book, UMW is going
one step further in sharing the finer details of the company's
stories with its employees, the industry and academia by
producing a series of books on its management case studies.
These case studies involve real business issues that were
actually faced by UMW's decision-makers and contain information
as to how the company arrived at its decisions, what went right
or wrong in particular cases.
Said Dato' Abdul
Halim Harun, President & Group CEO of UMW Holdings Berhad
who initiated the series, "In sharing our experiences, we hope
to help those within our own organisation as well as others, to
better appreciate the trials and tribulations of doing business.
Our management series seek to document some of the lessons
learnt".
He continued, "History has always
been a great teacher. The information and stories compiled
through this series of books will be invaluable to management
practitioners and students in helping them to grasp and have a
better understanding of the business decision-making process.
These booklets will be UMW's contribution to the country's
knowledge store on management and it is in line with the Group's
belief in lifelong learning at the individual, corporate and
national levels".
The first edition of the
Management Series is on the UMW-Dennis Specialist Vehicles bus
project, a joint venture company set up in 1994 with UK-based
Specialist Vehicles Ltd. (SVL). The joint venture was set up to
manufacture modern buses that would be far superior to those
available in the market during that time. Unfortunately, the
project had to be discontinued in 2002 due to various factors.
Other stories in the series will be on UMW's oil & gas
division, Rail-Tech Industries, UMW Toyota Motor, UMW Auto Parts
(Thailand) and UMW's industrial and heavy equipment divisions. The
books in the UMW Management Series are written by Zuraidah Omar
whose other notable works include Performance in Malaysian
Organisations published by McGraw-Hill and Of People and
Principles - The Commerce Asset Story. Zuraidah Omar was also
the writer of Turning Points: The UMW Story. The UMW
Management Series launch was also attended by students and
lecturers of various institutions of higher learning in the
country.
Shah
Alam, 20 Aug 2010 - The UMW Group announced today that its
profit before taxation for the second quarter ended 30 June 2010
of RM442.3 million exceeded the RM185.5 million registered in
the same quarter of 2009 by 138.4%, an increase of RM256.8
million. Higher sales of Toyota and Perodua vehicles, favourable
model mix, improved performance from the Equipment and
Manufacturing & Engineering segments, coupled with
favourable foreign exchange rates, accounted for the significant
improvement in profit for the current quarter ended 30 June
2010.
UMW's overseas associate, WSP Holdings
Limited, has reported an overall improvement in both domestic
and international sales and a lower loss for the second quarter
of 2010. The company has successfully secured new overseas
customers in Russia, Uzbekistan and South America although sales
to North America has not improved due to countervailing duties
on seamless pipes made in China.
The net
profit attributable to the owners of the Company for the second
quarter of 2010 jumped from the RM79.4 million registered in the
same quarter of 2009 to RM211.7 million, an increase of RM132.3
million or 166.6%.
Group revenue of RM3,282.1
million for the second quarter ended 30 June 2010 improved over
the RM2,581.1 million achieved in the preceding year's
corresponding quarter by RM701.0 million or 27.2%. Overall, the
progressive strengthening of consumer and business confidence
continued to generate strong demand for Toyota vehicles, heavy
and industrial equipment as well as automotive parts. However,
the performance of the Oil & Gas segment remained adversely
affected by the slow recovery in the exploration and production
sector. The finalisation of contractual terms for the NAGA 2 rig
took longer time than expected. NAGA 2 will be income-generating
in September 2010 instead of in April 2010, as originally
anticipated.
Group revenue of RM6,315.2
million for the six months ended 30 June 2010 was higher than
the RM4,930.9 million registered in the same period of 2009 by
RM1,384.3 million or 28.1%. Strong economic recovery in the
first half of 2010 resulted in higher demand for Toyota
vehicles, industrial and heavy equipment as well as automotive
parts. However, slow and weak rebound in the Oil & Gas
industry has affected demand for some of UMW's pipes and
services.
Group profit before taxation for
the six months ended 30 June 2010 of RM747.4 million was higher
than the RM309.2 million recorded in the same period of 2009 by
141.7%, an increase of RM438.2 million. Generally, higher
revenue recorded by all core business segments other than the
Oil & Gas segment, improved margins from favourable model
mix and lower cost of imports contributed to the surge in
profit. However, weak demand for some of UMW's products and
services due to slow recovery in the Oil & Gas industry,
negative contribution from NAGA 2 and the continued imposition
of duties by the United States, resulted in a loss for the Oil
& Gas segment.
Net profit attributable to
the owners of the Company for the six months ended 30 June 2010
increased to RM344.6 million from the RM145.4 million achieved
in the same period of 2009, an increase of RM199.2 million.
Total Toyota and Perodua vehicle sales of 143,721 units
represented 47.7% of the total industry volume of 301,077 units
reported by the Malaysian Automotive Association for the six
months ended 30 June 2010.
Group revenue of
RM3,282.1 million for the second quarter ended 30 June 2010 was
higher than the RM3,033.2 million registered for the first
quarter of 2010 by RM248.9 million or 8.2%. Stronger demand for
Toyota vehicles as well as the industrial and heavy equipment
mainly accounted for the revenue improvement.
Group
profit before taxation of RM442.3 million for the second quarter
ended 30 June 2010 was RM137.2 million or 45.0% above the
RM305.1 million recorded in the first quarter of 2010. Higher
sales volume, improved margins from favourable foreign exchange
rates and lower loss incurred by its overseas associate resulted
in the higher profit.
The Board has declared
an interim single-tier dividend of 20% or 10.0 sen (2009 - 12%
or 6.0 sen) per share of RM0.50 each, amounting to a net
dividend payable of approximately RM114.5 million (2009 - RM66.6
million) for the year ending 31 December 2010, to be paid on 7
October 2010.
Moving
forward
The global economy
is expected to grow at a modest pace in the second half of 2010
with European countries on austerity drive to address fiscal
deficits and the waning of stimulus spending worldwide.
The Malaysian economy recorded a gross domestic product
(GDP) growth of 8.9% in the second quarter of 2010 against the
first quarter's 10.1%, a sign that the economy is due for a
slower but positive second-half this year. In line with regional
performance, Malaysian Institute of Economic Research has
revised the country's GDP growth forecast for the year 2010
upwards for the second time, from 5.2% to 6.5%, in view of the
strong first half GDP growth and the continuing robust consumer
and business confidence.
Dato' Abdul Halim
Harun, President & Group CEO of UMW Holdings Berhad said,
"Aided by economic recovery and rising consumer and business
confidence, Malaysian automotive sales this year is expected to
hit a new high of 570,000 units, approximately 3.4% above the
pre-crisis high of 551,042 units achieved in the year of 2005.
Based on sales and bookings achieved so far, Perodua is
confident that sales this year will reach 185,000 units,
surpassing its forecast of 176,000 units. Similarly, UMW Toyota
Motor is expected to exceed its internal target of 88,000 units
set for the year 2010. The strengthening of Ringgit Malaysia
against the United States Dollar is also expected to contribute
positively to the earnings of UMW Toyota Motor".
Strong
recovery in the Malaysian Automotive industry has resulted in a
surge of demand for automotive parts in the first half of 2010.
This trend is expected to continue into the second half of 2010.
In light of this, its Manufacturing & Engineering segment is
expected to continue to do well in the remaining part of the
year.
He added, "Our premium jack-up rig,
NAGA 2, has been awarded a contract for the provision of
drilling services with an estimated value of USD183 million, by
HESS (Indonesia - Pangkah) Limited. NAGA 2 is scheduled to be
mobilised and commence production in late August and early
September of 2010, respectively. UMW is in the process of
working on contracts for our premium jack-up rig, NAGA 3,
construction of which is in the final stages with delivery
expected in the last quarter of the year. Our overseas
associate, WSP Holdings Limited, expects both sales volume and
prices to improve further in the second half of 2010 due to
increased global oil and gas drilling activity levels. However,
the antidumping and countervailing duties imposed by the United
States continue to have an adverse effect on its exports to
North America".
The implementation of the
various stimulus packages by the Malaysian Government has
resulted in a high level of activities in the construction,
quarry and mining sectors in the first half of 2010. Similarly,
the economies of the countries where UMW has presence reported
strong growth in the first half of 2010. Consequently, demand
for some of its heavy equipment exceeded supply. UMW expects the
current momentum to be sustained in the second half of 2010. As
such, the Equipment segment is poised to outperform its internal
targets set for 2010.
Based on the current
positive economic outlook, the Board is confident that the
financial performance of the Group is likely to exceed its
internal revenue and profit targets set for the financial year
ending 31 December 2010.
Datuk Syed Hisham
To Head UMW As The New President & Group CEO
Shah Alam, 20
August 2010 - The UMW Group announced today the appointment of Y
Bhg Datuk Syed Hisham bin Syed Wazir as the new President &
Group CEO of UMW, with effect from 1 October 2010, in place of Y
Bhg Dato' Abdul Halim bin Harun who will be retiring on 30
September 2010.
Y Bhg Dato' Abdul Halim had
served as Non-Executive Director of UMW from 1990 to 2001 and
subsequently, as President & Group CEO since 2001. Y Bhg
Dato' Abdul Halim had intimated his desire to retire after the
expiry of his contract in April 2009 but, at the request of the
Board, had agreed to stay on for a 1 + 1 year term. In April
2010, he agreed to continue his service until a suitable
candidate is identified.
Y Bhg Dato' Abdul
Halim has agreed to remain as Advisor to the new President &
Group CEO until 15 November 2010, to ensure a proper
familiarisation and handover process to Y Bhg Datuk Syed Hisham.
Y Bhg Datuk Syed Hisham graduated from
Plymouth University, England with a BSc in Mechanical
Engineering in 1979 and earned his Master of Business
Administration from the Ohio State University of USA in 1996,
where he received the Beta Gamma Sigma award of the
University. Y Bhg Datuk Syed Hisham is a Fellow
Member of the Institute of Motor Industry, UK, and a member of
Beta Gamma Sigma of Ohio University as well as a member of the
Ohio University Alumni Society in Malaysia. He has had a
distinguished career in senior management positions spanning
over 27 years.
With UMW's long history and
good track record, and with the support of the management and
staff, the Board is confident that the new President & Group
CEO will continue to take UMW to greater heights.
UMW'S
NAGA 2 Received Letter Of Award From HESS Limited Of Jakarta,
Indonesia
Shah
Alam, 17 Aug 2010 - The UMW Group announced today that a
Letter of Award has been received from HESS (Indonesia-Pangkah)
Limited of Jakarta, Indonesia, for the provision of UMW's
Jack-Up Drilling Rig "NAGA 2" and drilling services at a total
contract value of approximately USD183.12 million. The contract
shall consist of 7 firm wells and 13 option wells. The Group is
confident that the contract will contribute positively to the
earnings and net assets of UMW for the financial year ending 31
December 2010 and beyond.
NAGA 2 is expected
to commence work in the first week of September 2010 for the
Pangkah WHP-B Development Drilling Programme in the Ujung
Pangkah Field which is located in the Pangkah PSC - Offshore,
East Java, for an estimated period of 1,355 days, equivalent to
3.7 years. NAGA 2 is a premium independent-leg cantilever
jack-up rig that has drilling depth capability of 30,000 feet
and has a rated operating water depth of 350 feet, resulting in
more efficient drilling compared to older jack-ups, with better
safety features.
The contract agreement in
respect of the above is expected to be signed before the end of
August 2010.
UMW's premium jack-up rig, NAGA
3, is in the final stages of construction and delivery is
expected in the 4th quarter of this year. We are currently
working on contracts with regard to the provision of this rig
and drilling services.
UMW Toyota Motor Is
Commited To Deliver High Quality Vehicles
Shah
Alam, 14 Jul 2010 - UMW Toyota Motor Sdn. Bhd. (UMW
Toyota Motor), distributor of Toyota vehicles in Malaysia, held
a media visit to its manufacturing facility to give an insight
of the company's initiatives to deliver quality vehicles.
Commenting on the company's commitment, Mr. Kuah Kock
Heng, President of UMW Toyota Motor Sdn. Bhd., said, "Stringent
quality measures, procedures coupled with comprehensive quality
inspection are being implemented throughout the operation
processes. From the manufacturing process such as logistic,
welding, painting, assembly, to the stockyard and Toyota Sales
and After-sales outlets are required to abide by the strict
Toyota guidelines."
"Following the spirit of
Kaizen - Continuous Improvement, we are constantly improving our
quality standards and we will raise the quality bar. We will
continue to ensure that the high quality aspects are adhered to,
and it is extended beyond the assembly plant to our business
partners, such as our suppliers and authorized dealers," said
Mr. Kuah.
The media was taken on a tour
around the plant to witness how Toyota vehicles were assembled.
They also learnt about the "Quality in the process" in making
the vehicles. Accompanying the media were Mr. Takashi Hibi,
Deputy Chairman, UMW Toyota Motor Sdn. Bhd.; Mr. Kuah Kock Heng,
President of UMW Toyota Motor Sdn. Bhd.; and Hideki Omae, Plant
Director, Assembly Services Sdn. Bhd.
UMW
Toyota Motor has invested close to RM290 million in the past 5
years to develop its manufacturing facilities. The investments
were channeled to improve vehicle quality, productivity, cost
efficiency and delivery, which contribute towards customer
satisfaction.
"To live up to our customers'
expectation and deliver high standards, we will invest more than
RM170 million to further develop ASSB for the next 3 years. We
will channel it to enhance Toyota quality, further improve
automation and productivity," added Mr.Kuah.
UMW
Toyota Motor also gives great precedence to vendor development,
as they do not compromise on the quality of the parts that are
produced.
"We also encourage our local
vendors to acquire technical collaboration with Toyota's Global
suppliers to enhance their products and expand their export
business. Hence, this will spur on the automotive industry and
contribute to the Malaysian economy," commented Mr. Kuah.
With the development of local vendors, we can ensure
consistency in quality that is expected and at the same time to
be cost-efficient. Currently, UMW Toyota Motor has 65 vendors,
which are the highest among the non-national car makes. This is
also in response to the government's call for automotive players
to use more local contents to produce vehicles in the country.
Mr Kuah continued to say, "Our most popular model,
Toyota Vios is being assembled with 40% local content and for
the next generation, we intend to increase the content to 50%.
As for the other models, we will gradually increase the local
content as our vendors are further developed to meet the higher
quality standards."
To further ensure
consistency in Toyota brand quality, great emphasis is placed in
the stockyard that houses the new vehicles prior to the delivery
to Toyota outlets.
A further investment of
about RM200 million has been allocated to build a new
centralized stockyard in Bukit Raja, which will also accommodate
other facilities such as the accessory centre, test track, and a
body and paint centre. The facility is scheduled to be in
operation by mid 2011.
The company is
committed to create a better driving experience for its
customers. "We place great pride as we always listen to our
customers' feedback and suggestions to ensure we could produce
better products in the future. This will enable us to deliver
only the best quality vehicles and live up to customers'
expectations of the Toyota brand quality," concluded Mr. Kuah.
Shah
Alam, 14 Jul 2010 - UMW Toyota Motor Sdn. Bhd. (UMW Toyota
Motor), the distributor of Toyota vehicles in Malaysia
announced today that its Principal, Toyota Motor Corporation,
Japan has decided to locally produce Toyota Camry at the
Assembly Services Sdn. Bhd. (ASSB) in Shah Alam.
The company also said
it would be investing an initial amount of about RM100
million to start the local production at its manufacturing
plant in Shah Alam.The local production
will start in 2 years time, with a volume of more than 10,000
units per year.
This project reflects
UMW Toyota Motor and Toyota Motor Corporation support to the
Malaysian National Automotive Policy (NAP) to promote
localization. It is hoped that the project will benefit local
vendor and contribute to the Malaysian auto industry in the
future.
Lexus LS 460 Sport
Wins Asian Auto VCA Industry Award
Shah
Alam, 12 Jul 2010 -UMW Toyota Motor Sdn
Bhd, the authorised distributor of Toyota and Lexus models in
Malaysia, was nominated for multiple awards at the recent Asian
Auto - VCA Industry Awards 2010.
In the
category of ââŹËBest Performance Luxury Executive Sedan', the
Lexus LS 460 Sport was the winner. The new LS 460 Sport which
was launch in January this year, has a dynamic and sporty
façade installed with aerodynamic sport to give it the added
version that is fuelled with the passion of true craftsmanship.
It also offers the added experience of having race-inspired
shifters fitted steering wheel paddle with a 19"
forged-aluminum alloy wheel design.
The
annual Asian Auto - VCA Industry Awards, which started in 2008
is the biggest automotive industry awards in Malaysia. The
Asian Auto - VCA Auto Industry awards mostly focus on real
value propositions of each vehicle category and the true
intrinsic value of each vehicle judged, which complements the
various categories available in the local price sensitive
motoring market.
Lexus
Malaysia To Conduct Special Service Campaign For LS460
Shah
Alam, 02 Jul 2010 - In reference to the news coverage
regarding Lexus LS models engine stalling problem, UMW Toyota
Motor, the exclusive distributor of Lexus vehicles in Malaysia
would like to announce that it would conduct a Special Service
Campaign for its LS customers. This is to address the improper
functioning of valve springs that have been found in some V8
(4.6L) and (3.5L) engines manufactured between Aug 2006 to July
2008. A small possibility of abnormal engine noise or unstable
idling may occur. In very rare instances, there is a chance that
the engine may stop while driving. No other Lexus or Toyota
models in Malaysia are involved in this issue.
There are about 100
units of Lexus LS460 affected and Lexus Malaysia is taking
proactive measures to contact all its owners.
As
soon as the improved parts are available, Lexus Malaysia will
notify its customers and make appointments to carry out the
necessary corrective measures.
Customers may
also contact Lexus Malaysia's free phone line 1-800-88-LEXUS
(53987) for further information or assistance.
Shah
Alam, 29 June 2010 -We
refer to the statement in The Edge (June 28 2010 edition) in
their article entitled "Losses at UMW's oil and gas unit?" and
in particular the second paragraph therein, which alludes to
large losses or provisions for losses being required in our Oil
& Gas unit, as per "a source."
UMW wishes
to state categorically that the above statement by The Edge is
not only inaccurate and baseless, it is also misleading to
investors.
Our Oil & Gas Division
suffered a loss of RM19.234 million in the first quarter and
this was duly disclosed in our first quarter results
announcement on 20th May 2010. The reasons for this loss have
been clearly explained over the last few months and at various
platforms, as follows:-
1) Our 2009 fourth
quarter results announcement on 23rd February 2010 states as
follows:- "Decreased drilling activities worldwide
resulted in a significant drop in demand for Oil Country Tubular
Goods (OCTG) and drilling services from the international
markets, and consequently, there was excess supply in the
domestic markets. The imposition of countervailing and
anti-dumping duties on seamless pipes made in China by the
United States further took a toll on the profitability of our
associated company in China. As a result thereof, margins were
adversely affected and profits reduced."
2) In our Investor
Relations Quarterly Update which is published on our website
immediately after every quarterly announcement to Bursa, we
stated as follows, after our first quarter results announcement
on 20th May 2010:-
"The countervailing and
anti-dumping duties imposed by USA on WSP's seamless pipes are
still adversely affecting its overall profitability. We are
expecting a turnaround in the second quarter of 2010 as the
domestic Chinese market would have adjusted to the increase in
domestic supply. WSP continued its focus on enhancing its
domestic market penetration and expanding to new export
markets."
3) At our Annual General Meeting
held on 17th June 2010 and at the press conference held
immediately thereafter, our President/Group CEO, Y Bhg Dato'
Abdul Halim, elaborated on the reasons in more detail. We
view the losses in our Oil & Gas Division as a temporary
set-back. We have a number of greenfield projects which are
expected to generate income and show positive results upon
commencement of operations in the second half of this year. The
main such project is our new Indian OCTG plant which is located
in Hyderabad, Andhra Pradesh, India, which is expected to
commence production and sales of seamless tubular green pipes in
the second half of this year.
We are now in
the final stages of negotiations with potential clients for the
leasing of our jack-up drilling rigs, NAGA 2 and NAGA 3. An
announcement will be duly made after the terms are finalised and
agreed upon. In view of all of the above, we fail to
understand the rationale behind the above-stated paragraph of
the article in The Edge. UMW, as a responsible public-listed
company, is proud of its good corporate governance standards as
well as its transparent reporting methods. We are also in
compliance with all applicable financial reporting standards in
Malaysia.
Our annual accounts are duly
audited by Ernst & Young and they have thus far given us
unqualified reports. As such, any profits or losses which are
incurred, are properly and accurately reflected in our accounts
in the relevant reporting period, i.e., in the period of
occurrence. The article in The Edge implies that we have huge
losses which have not been accounted for and which need
provisions in the next few years. We view this as a baseless
allegation and irresponsible, as we were not able to provide our
perspective or input on the matter. We categorically deny the
contents of the above-stated paragraph.
Shah
Alam, 24 May, 2010 - In reference to the news coverage
regarding Lexus LS models steering issue, UMW Toyota Motor, the
exclusive distributor of Lexus vehicles in Malaysia would like
to announce that it would conduct a Special Service Campaign for
its LS customers to address the temporary steering wheel
off-centre condition that may develop under a specific driving
manoeuvre. No other Lexus models are involved in this issue.
There are less than 10 units of Lexus LS460L and LS460
Sport affected and Lexus Malaysia has taken proactive measures
to contact all its owners.
The VGRS system
enables easier handling during low-speed driving and provides
better stability during high-speed driving than conventional
steering by changing the gear ratio.
The VGRS
system may exhibit a temporary steering wheel off-centre
condition after driving away quickly from a very tight turn
where the steering was at full lock position. The steering wheel
off-centre position will automatically be corrected in
approximately five seconds by the VGRS system as the vehicle is
driven. The driver may notice the system auto correcting as the
steering wheel slowly moves to the centre position while driving
straight during the VGRS correction. Due to the specific driving
circumstances, this condition will not occur during normal
driving such as changing lanes or turning at intersections.
As soon as the improved parts are available, Lexus
Malaysia will notify its customers and make appointment to carry
out the necessary corrective measures. The replacement process
is expected to take less than one hour.
For
customers who have booked their LS460L or LS460 Sport or are
interested to purchase them, Lexus Malaysia would like to assure
you that all LS460L or LS460 Sport models will go through the
corrective measures before delivery.
Customers
may also contact Lexus Malaysia's free phone line 1-800-8-LEXUS
(53987) for further information or assistance.
UMW Announces More
Than 100% Increase in Group PBT
Shah
Alam, 20 May 2010 - The UMW Group announced today that its
Group profit before taxation for the first quarter ended 31
March 2010 of RM305.1 million improved over the RM123.7 million
registered in the same quarter of 2009 by more than 100% or an
increase of RM181.4 million. The significant profit increase was
due to higher sales volume and improved margins from favourable
model mix achieved by our Automotive segment.
As a result, the
net profit attributable to the owners of the Company for the
first quarter of 2010 surged from the RM66.0 million registered
in the same quarter of 2009 to RM132.9 million, an increase of
RM66.9 million.
Group revenue of
RM3,033.2 million for the first quarter ended 31 March 2010 was
RM683.4 million or 29.1% higher than the RM2,349.8 million
achieved in the preceding year's corresponding quarter. The
increase was due to the strong economic growth and improved
consumer and business confidence which resulted in higher demand
for our Toyota vehicles, industrial and heavy equipment as well
as automotive parts.
Total Toyota and
Perodua vehicle sales of 70,550 units represented 47.9% of the
total industry volume of 147,415 units reported by the Malaysian
Automotive Association for the quarter ended 31 March 2010.
Group revenue of
RM3,033.2 million for the first quarter ended 31 March 2010 was
higher than the RM2,969.4 million registered for the fourth
quarter of 2009 by RM63.8 million or 2.1%. Greater demand for
UMW's heavy and industrial equipment mainly accounted for the
revenue improvement.
Group profit before
taxation of RM305.1 million for the first quarter ended 31 March
2010 was RM67.9 million or 28.6% above the RM237.2 million
recorded in the fourth quarter of 2009. This significant
increase was the result of improved margins achieved by its
Automotive segment.
Moving
forward. The recent trade data indicated that economic
growth for the year 2010 could be much stronger than expected.
All major sectors recorded robust expansion and both exports and
imports had shown steady gains in the first quarter of 2010, a
definite sign that the economy is on the path to a strong
recovery. In view of the regional economic recovery and higher
commodity prices, the Malaysian Institute of Economic Research
has revised its GDP growth forecast for the year 2010 from 3.7%
to 5.2%.
Dato' Abdul Halim
Harun, President & Group CEO of UMW Holdings Berhad said,
"Our Automotive segment is poised for a strong growth for the
year 2010 based on a progressively stronger momentum of recovery
since the second half of 2009. We are confident of achieving the
2010 sales target of our Automotive segment, which aims to sell
a total of 264,000 Toyota and Perodua cars in 2010, or 48% of
the forecasted total industry volume of 550,000 cars".
Both the Equipment
and Manufacturing & Engineering segments are expected to
benefit from the strengthening domestic and external demand,
supported by improving regional economic conditions,
particularly in the Asian region where UMW has presence.
Dato' Abdul Halim
also added that the Oil & Gas segment is expected to turn
around and make positive contributions to Group profits in the
second half of the year when some of its greenfield investments
commence operations and generate income.
Based on the
current positive economic outlook, the Board is optimistic that
the financial performance of the Group may exceed its internal
revenue and profit targets set for the financial year ending 31
December 2010.
Kuala
Lumpur, 12 May 2010 - UMW Petrodril (Malaysia) Sdn. Bhd. (UPSB),
a member of the UMW Oil & Gas Group (a wholly-owned
subsidiary of UMW Corporation Sdn. Bhd. and a Permodalan Nasional
Berhad affiliate) has recently achieved the remarkable safety
record of 1 million manhours with Zero Lost Time Incident (LTI)
through its hydraulic workover units UP Gait II & UP Gait
III.
UMW Petrodril, whose primary business is
the provision of hydraulic workover units and related services,
has been undertaking this business since 2000. As the first
company to be acquired by UMW Oil & Gas division in 2002,
UPSB has come a long way to becoming a strong contributor to UMW
Oil & Gas Group. Their expertise in providing Hydraulic
Workover Units (HWU) makes them a highly coveted organization in
the field. The workover units provided by UPSB are highly
capable of performing a wide range of workover activities,
suited for working over wells located on small satellite jackets
or large integrated platforms. To keep pace with market
requirements, UPSB is constantly upgrading their Hydraulic
Workover Units to ensure their efficiency, versatility and
effectiveness in tackling the challenges of the evolving
workover operations. UPSB is also the only Petronas-licensed HWU
service provider.
In his speech during the
ceremony, UMW Oil & Gas President En. Zulkifly Zakaria said
that the achievement of this one million safe-man-hour is the
result of both Petronas Carigali's guidance and encouragement,
and UMW Petrodril's serious involvement in promoting Health,
Safety and Environment in the workover rig operations. The
commitment undertaken by both parties to pursue HSE awareness
and various safety campaigns in the place of work has proven to
be very successful. "I believe with the strong commitment from
the top management, we will continue to improve on our HSE
performance and ensure that we maintain the target for Zero LTI
and Zero TRCF in near future," he added.
Labuan,
10 May 2010 - The UMW Group, through
its Oil & Gas Division, officially opened its new West
plant here, this morning. The West plant is an expansion to its
East plant, which is Malaysia's premium threading plant for Oil
Country Tubular Goods. This new plant was completed late last
year with an initial investment of RM 15 million, under the
management and operations of its subsidiary, UMW Oilpipe
Services Sdn. Bhd..
According to En Zulkifly
Zakaria, President of UMW Oil & Gas Berhad, "UMW Oilpipe
Services or UOS was established in 1988 to support the
operations of the oil majors operating in East Malaysia. We are
Malaysia's premium threading plant for Oil Country Tubular
Goods, with a total production capacity of 80,000 metric tonnes
per annum (East and West Plant). Our East Plant, where we
started more than 20 years ago is located just 1km away from
here. Both plants stand on 7 acres of land and house facilities
that enable us to effectively meet the needs of drilling
companies and contractors. The strategic location of our plants
at the Asian Supply Base in the Federal Territory of Labuan has
enabled us to play a significant role in the support sector for
the oil & gas industry."
The opening of West
plant will further increase the annual production capacity as
well as to fulfill the market demand of OCTG offerings. The
plant is equipped with 4 latest CNC threading lathe capable to
thread from 2-3/8" to 10" OD and expected annual capacity of
20,000 metric tonnes.
UOS's OCTG offering
compasses threading of casing and tubing, manufacture of
couplings, and fabrication of pup joints and crossovers. Other
services include make-up of accessories including carbon and
high alloy materials, offshore running inspection and OCTG
one-stop shop integrated services.
"We utilise only
approved thread patterns at our plants, among others, VAM TOP
Connection, JFE FOX Connection and Tenaris Connections. Our
plants are also accorded with API Q1, ISO 9001 and ISO 14001
certifications. We have a total of 150 staff to support our
operations, with 50 of them operating at this West Plant,"
added En Zulkifly Zakaria.
The official opening
ceremony of UMW Oilpipe Services Sdn. Bhd.'s West Plant was
graced by Tan Sri Datuk Asmat Kamaludin, Group Chairman of UMW
Holdings Berhad.
Petaling
Jaya - April 15, 2010: The new Toyota Vios, which has been
enhanced and improved was unveiled today. The new range
reinforces the product concept through refreshment in the
design.
The Toyota Vios, which
incorporates minor changes, will be able to maintain its
position as the leading ââŹËglobal small stylish sedan'. Apart
from the changes, Vios will still be recognized and
appreciated for its design, optimum performance, advanced
versatility and safety.
The
new range is equipped with updated features, and is enhanced
to have a refreshing look and appeal on both the interior and
exterior. These changes were fueled by the need to make the
Vios more desirable and they are in response to the feedback
received from our valuable Vios owners. The new Toyota Vios
illustrates Toyota's continuous commitment to constantly
explore ways to accommodate to their customers' needs and
likes.
"The
new Toyota Vios, which captures a youthful design, with
advanced versatility and safety, coupled with enhanced Sporty
design for the TRD Sportivo offers a new experience for
potential customers. We aim to capture more than 32,000 units
of Vios this year," said Mr. Kuah.
"We
are confident that the new enhanced Vios will be well received
and it will continue to grow, making Toyota the top-selling
vehicle in the non-national category."
"Since
it was first introduced in May 2003 until end of March this
year, we have over 159,000 Toyota Vios on Malaysian roads.Throughout the years, Toyota has been able to successfully grow
the Vios to match the needs and desires of Malaysians. We have
a broad range of Vios models to meet a wide range of
customers," commented Mr. Kuah.
Last
year, with the valuable support of its customers, Toyota was
able to record an impressive sale of over 29,000 units of Vios
models with Toyota Vios 1.5 E being the most favourable model.
Up till March 2010, more than 7,600 units have been sold so
far. When compared to the same period last year, only 6,000
units were sold and this shows that there is a 27% increase in
Vios sales. To date, (up till 13 April 2010), there are 2,600
confirmed bookings for the new Vios. This has made Toyota Vios
the most desirable Toyota model in Malaysia.
Commenting
on the expected sales volume and the new improved Toyota Vios
range, "Mr. Kuah Kock Heng, said, "With the upturn in the
economic climate, we aim to sell 2,700 units of the new Toyota
Vios per month.
The
new Toyota Vios was launched by Mr. Kuah Kock Heng, President,
UMW Toyota Motor Sdn. Bhd. and Mr. Takashi Hibi, Deputy
Chairman, UMW Toyota Motor Sdn. Bhd.. In conjunction with the
launch, a new 30-second TV commercial was introduced.
The
new Toyota Vios will be available in five variants -- Vios
1.5J Manual, which is priced at RM71, 990; the Vios 1.5J
Automatic at RM76, 090; the Vios 1.5E is at RM81,500 while the
Vios 1.5G is at RM87,300 and the Vios 1.5 TRD Sportivo is at
RM92,000 (on the road price in Peninsular Malaysia inclusive
of insurance).
Emphasising
on the changes, Mr. Kuah said, "Safety, performance and
affordability are some of the essential elements, and this is
reflected in the Vios 1.5J, which is now equipped with a
driver air bag. The Vios 1.5J (M) was recently proclaimed
winner in the small family car category by Asian Auto -
mudah.my fuel efficiency awards 2009 for the Best Fuel Economy
in its class."
All the new Toyota Vios will be available at all
Toyota showrooms throughout Peninsular Malaysia with effect
from 16th April, 2010 and 23rd April, 2010 in Sabah and
Sarawak.
UMW
Announces Improved 4Q Results Over Preceding Quarter
Shah
Alam, 23 February 2010 - The UMW Group announced higher Group
revenue of RM2,969.4 million for the fourth quarter ended 31
December 2009, which was an increase over the RM2,797.7
million recorded in the third quarter of 2009 by RM171.7
million or 6.1%.Most core business
segments of the Group reported higher revenue for the fourth
quarter of 2009.
This
revenue of RM2,969.4 million was
RM79.3 million or 2.7%
higher than the RM2,890.1 million
registered in the preceding year's
corresponding quarter. Higher sales of Toyota vehicles and
automotive parts contributed to the improved revenue.
Continued economic recovery and improvedconsumer
confidence resulted in the higher vehicle sales by the
Automotive segment.
Group
profit before taxation of RM237.2 million for the fourth
quarter ended 31 December 2009 was lower than the RM275.0
million recorded in the same quarter of 2008
by RM37.8 million or 13.7%. A drop in profit
contributions from overseas associated companies due to weak
demand for oil and gas pipes primarily resulted in the profit
reduction for the current quarter ended 31 December 2009.
Consequently,
net profit attributable to the equity holders of the Company
for the fourth quarter ended 31
December 2009 was RM99.8 million compared to the
RM119.7 million recorded
in the preceding year's corresponding quarter, a reduction of
RM19.9 millionor 16.6%.
12-month performance
Total
Group revenue of RM10,698.0
million for the year ended 31
December 2009was lower
than the RM12,769.6
million registered in 2008 by RM2,071.6
million or 16.2%.Generally, the global recession had adversely
affected demand for the Group's products and services,m
although sales had gradually picked up during the second half
of 2009.
As
a result thereof, Group profit before taxation
for the year ended 31 December 2009
of RM834.6 million was lower than
the RM1,276.7 million recorded in
2008 by RM442.1 million or 34.6%.In
addition, unfavourable foreign exchange rates and
pre-production expenses from the Group's new investments in
the Oil & Gas and Manufacturing & Engineering segments
also contributed to the profit reduction.
Group
profit before taxation of RM237.2 million
for the fourth
quarter ended 31 December 2009 declined by RM51.0
million or 17.7%, from the RM288.2
million recorded in the third
quarter of 2009.Lower
profit contributions from the Oil & Gas segment resulted
in the profit reduction. Decreased
drilling activities worldwide resulted
in a significant drop in demand for Oil Country Tubular Goods
(OCTG) and drilling services from the international markets,
and consequently, there was excess supply in the domestic
markets. The imposition of countervailing and anti-dumping
duties on seamless pipes made in China by the United States
further took a toll on the profitability of the Group's
associated company in China.As a result
thereof, margins were adversely affected and profits reduced.
Net
profit attributable to the equity holders of the Company for
the year ended 31 December 2009reduced from 2008's RM565.8
million to RM371.1 million, a
decrease of RM194.7 million or 34.4%.
Total
Toyota and Perodua vehicle sales of 244,569
units represented 45.5% of the total
industry volume of 536,905 units
reported by the Malaysian Automotive Association for the year
ended 31 December 2009.
The
Board has recommended a final single-tier
dividend of 9.0 sen per share of RM0.50 each (2008 - a franked
dividend of 3.25 sen less 25%
tax and a single-tier dividend of 8.75
sen for each share of RM0.50)
for the year ended 31 December 2009.
The amount of net dividend payable is approximately
RM101.6 million (2008 - RM123.4
million). The proposed final dividend,
if approved by shareholders, will be paid
on 10 August 2010.
The
annual dividend per share of RM0.50
each for the year ended 31 December 2009 would be 20.0 sen
or a gross dividend of 40%, amounting to
approximately RM224.6 million of net dividend (2008 - 37.0
sen or a gross dividend of 74% per
share of RM0.50 each, amounting to a
net dividend of RM326.3million). This payout
represents approximately 60.5% of the 2009 net profit
attributable to shareholders of UMW against the Group's target
Headline KPI for dividends of at least 50%.
Moving
forward
The Malaysian economy
continues to show signs of recovery with the progressive
implementation of the two economic stimulus packages
totalling RM67 billion together with other fiscal measures.
Dato'
Abdul Halim Harun, President & Group CEO of UMW Holdings
Berhad said, "Sales of Toyota vehicles in Malaysia are not
expected to be materially affected by the recent recall
issue.This is because the relevant
components used in the Toyota and Lexus models
sold in Malaysia by our subsidiary,
UMW Toyota Motor Sdn. Bhd.., are manufactured by different
suppliers from those in the USA markets. As
for Toyota Prius, we have initiated a special service
campaign on 12 February 2010 to carry out the necessary
corrective measures on the units sold in Malaysia. All new
Prius models will go through the corrective measures before
delivery to customers.We expect to meet
the 2010 sales target for Toyota vehicles."
Contributions
from the Oil & Gas segment are expected to improve
significantly in 2010 as the Group begins to enjoy the fruits
of the following greenfield
investments:
Zhongyou BSS,
currently supplying to the 2nd West-East Gas Pipeline from
Khazakhstan to Shanghai, will have its first full-year
production of Spiral Submerged Arc Welded and Longitudinal
Submerged Arc Welded pipes;
The new OCTG plant in
India is expected to commence production in the second
quarter of 2010;
The Group's new land
rigs (Sher 3, 5 and 6) in India and workover rig Gait V, are
expected to be income-generating in 2010 whilst land rigs
Sher 1 and 2andworkover
rigs Gait l, ll and lll are already operational ; and
The Group's 100%-owned
ultra-premium jack-up rigs Naga 2 and 3 are also expected to
be income-generating in 2010.
In general, demand for
the Group's industrial and heavy equipment is expected to be
strong as the economies of the countries where UMW has a
presence are forecasted to improve in 2010. Domestically, the
Construction sector is expecting another positive growth for
2010 in view of the progressive implementation of projects
under the two economic stimulus packages, Ninth Malaysia
Plan, Iskandar Development Region, East Coast Economic Region
and North Corridor Economic Region.The
Quarry and Mining sectors are likely to grow in tandem with
the Construction sector. With the projected economic recovery
in Japan and the higher growth expected in the economies of
China and India, the Logging sector is forecasted to show
improvement in 2010. However, product pricing competitiveness
and profitability of the segment may be affected by the USD
and Japanese Yen foreign exchange rate fluctuations.
The Group's new
automotive component plants in India and advanced micro
electronics plant in Penang are scheduled to commence
commercial production in 2010. This new income stream should
enhance the 2010 financial performance of the Manufacturing
& Engineering segment. Other medium to long term plans
for this Segment are currently being finalised. Details will
be announced in the near future.
Barring unforeseen
circumstances, the Board expects the Group's profit for 2010
to be at satisfactory levels.
UMW Toyota Motor To
Conduct Special Service Campaign To Prius
Shah
Alam, 9th February 2010 - Toyota Motor Corporation, Japan has
announced on 9 February 2010, they will conduct a recall
campaign related to the software program that controls the
antilock braking system (ABS) in the Toyota Prius. TMC has
undertaken a recall campaign in the interest of ensuring
customers' confidence and peace of mind. The corrective ABS
software programming will resolve the problem.
UMW
Toyota Motor, the exclusive distributor of Toyota vehicles in
Malaysia would like to announce that it would initiate a
special service campaign to address the brake issue of Prius.
Mr.
Kuah Kock Heng, President of UMW Toyota Motor said, "To date
there are over 60 units of the third generation Toyota Prius
sold by the company since it was launched in October 2009."
He
also said, "At this moment our technicians are being trained to
carry out the necessary corrective measures."
"UMW
Toyota Motor will contact our Prius owners regarding the
special service campaign that will be available starting from
Friday, 12 February 2010. Owners of the Prius will be given
first priority," he added.
Mr
Kuah continued to say, "For customers who have booked their
Prius or are interested to purchase a Prius, we would like to
assure you that all Prius models will go through the corrective
measures before delivery."
"We would like to apologize to our customers for the
inconvenience caused by this predicament," he concluded.
Customers may also contact UMW Toyota Motor free
phone line 1-800-8-69682 (1-800-8-TOYOTA) for
further information or assistance.
Shah Alam, 3rd February 2010 - Our
principal, Toyota Motor Corporation has released a media
statement dated 1st February 2010, that they have found a remedy
for the accelerator pedal recall issue.
Further to that, UMW Toyota Motor Sdn. Bhd. would like
to reiterate that all Toyota and Lexus models sold by UMW Toyota
Motor Sdn. Bhd. are not affected by the recall exercise as
announced in a media statement issued on 29 January 2010.
This is because the accelerator pedal components of
the affected models used in the US markets are different from
the Toyota and Lexus models sold in Malaysia by UMW Toyota
Motor.
We would like to
advise the public and the Toyota and Lexus customers in Malaysia
that there is no cause for concern on this matter.
Lexus Presents The
Latest LS 460L And LS 460 Sport Models
Petaling
Jaya, 12th January 2010 - Lexus Malaysia, a division of UMW
Toyota Motor Sdn. Bhd. today lived up to its expectations to
continue to offer luxury-refinement, safety and comfort by
introducing the new facelift model of the LS 460L and the new LS
460 Sport models. Both the vehicles are the ââŹËultimate in luxury'
which are in a class of its own and it goes in tandem with very
prestigious and exclusive lifestyle of the affluent buyers.
The LS 460L luxury
sedan, which was first introduced in December 2006 illustrates
Lexus commitment, and with the continued research and
development to improve the prestigious vehicles has led to
making available the new facelift version that is fuelled with
the passion of true craftsmanship.
The LS 460L was
specially given a facelift to respond to the desire of the
affluent and discerning customers who are constantly looking to
upgrade their vehicles while still maintaining the luxury and
prestigious feel of the models. The new LS 460L range has become
the epitome of prestige, exclusivity and premium brand.
At the
official launch event, Mr Harry Loo Chee Yan, Director of Lexus
Malaysia, said, "The new Lexus 460 triumphs in safety, comfort
and convenience against its competitors with enhanced features.
Lexus Malaysia will now introduce the new LS 460L 5-seater, as
it is the preference of the Malaysian market.
"We also have
transformed the LS 460 with a standard sport package for an
enjoyable drive. It is designed for those who want to experience
an exhilarating drive that is performance orientated' with
race-inspired design that offers luxury and yet maintains the
comfort while driving under challenging road conditions," he
added.
The new LS 460L
boasts of strong characteristics that augurs in well with Lexus
strong brand which reflects the exclusivity in ultimate luxury
and prestigious vehicle. The model is now fitted with a new
grille design, complemented with new headlamp and tail light on
the exterior. It also has the Adaptive Variable Air Suspension
(AVS) and the Intelligent Parking Assist.
On the interior, it
has a new instrument panel design, rear left Ottoman seat with
butterfly headrest and lumbar massager that offers the ultimate
in luxury, comfort and relaxation. To add more luxurious feel,
the car also comes with the Mark Levinson surround audio system.
The new LS 460
Sport has a dynamic and sporty façade installed with aerodynamic
sport kit that has sports grille, front and rear sport bodykit
to give it the added feel of power. It offers the added
experience of having race-inspired shifters fitted steering
wheel paddle with a 19" forged-aluminum alloy wheel design.
Mr Harry Loo said
"We believe both these premium models will be well-received by
our key customers who are very particular about the cars they
drive.They are very affluent and emphasise on quality, safety,
performance and luxury."
The 4.6 litre LS
460L is priced at RM829,448 while the LS 460 Sport is valued at
RM719,448 (on the road price without insurance) for Individual
Private registration while for company registration, it is
priced at RM848,000 and RM738,000 respectively.These premium
models can be ordered at Lexus Centers starting today.
Lexus began to
establish its brand name in Malaysia in December 2006 with the
introduction of the LS 460L and GS 300, offering prestigious,
high-performance with premium high quality vehicle.
Since its presence
it Malaysia, Lexus has constantly increased its sales. For the
year ended 2009, it recorded a total sales volume of above 300
units.
Commenting about
the plans for 2010, Mr. Kuah Kock Heng, President of Lexus
Malaysia said, "We are expanding Lexus 3S centers in Penang and
later part of the year in Johor."
"With the expansion
plans set-out, we hope to achieve our target of around 400
units, hence grow our market share in the premium market
segment.
"As we usher in the
new decade, Lexus Malaysia will continue to strengthen its brand
presence in the country. The economy is on the mend and this
bodes well for the auto industry," concluded Mr. Kuah.
UMW Reports A 55.4% Increase In 3Q PBT
Over Preceding Quarter
Shah Alam, 20 November 2009 â The UMW Group
announced higher Group profit before taxation of RM288.2 million for
the third quarter ended 30 September 2009, which was a significant
improvement over the RM185.5 million recorded in the second quarter of
2009, an increase of RM102.7 million or 55.4%. Higher revenue coupled
with enhanced profit contributions from some associated companies
resulted in the increased profit.
The Group also achieved higher revenue of RM2,797.7 million for the
third quarter ended 30 September 2009, which was an increase of RM216.6
million or 8.4%, over the RM2,581.1 million recorded in the second
quarter of 2009. Improved consumer confidence had resulted in higher
demand for Toyota vehicles in the third quarter of 2009.
The Groupâs revenue of RM2,797.7 million for the third quarter
ended 30 September 2009 was RM528.5 million or 15.9% lower than the
RM3,326.2 million registered in the preceding yearâs corresponding
quarter. The progressive recovery in the Malaysian economy this year
has had a positive impact on demand for Toyota vehicles although not up
to the 2008 levels.
The Group recorded a profit before taxation of RM288.2 million in
the third quarter ended 30 September 2009 compared to the RM353.8
million registered in the same quarter of 2008.Unfavourable
foreign currency exchange rates coupled with lower revenue and profit
contributions from some associated companies resulted in the 18.5% or
RM65.6 million profit reduction.
Consequently, net profit attributable to the equity holders of the
Company for the third quarter ended 30 September 2009 of RM125.9
million was lower than the RM152.7 million recorded in the preceding
yearâs corresponding quarter by RM26.8 million or 17.6%.
9-month performance
Group revenue of RM7,728.5 million for the nine months ended 30
September 2009 was RM2,151.0 million or 21.8% lower than the RM9,879.5
million registered in the same period of 2008.
In line with the lower revenue, group profit before taxation for the
nine months ended 30 September 2009 of RM597.4 million was lower than
the RM1,001.7 million recorded in the same period of 2008 by RM404.3
million or 40.4%.
Net profit attributable to the equity holders of the Company for the
nine months ended 30 September 2009 decreased to RM271.3 million from
the RM446.2 million achieved in the same period of 2008, a reduction of
RM174.9 million or 39.2%.
By and large, the global downturn has had some impact on the
Malaysian economy, thereby resulting in a generally lower demand for
the Groupâs industrial and consumer products.In
addition, profit margins of the Group were affected by the foreign
currency exchange factor as cost of importation rose.
Despite the challenging economic environment, the Oil and Gas
segment registered improvements in both revenue and profit before
taxation for the nine months ended 30 September 2009 compared to the
same period in 2008. Optimal utilisation of the Groupâs
semi-submersible rig, Naga 1, and maiden profit contributions from the
Groupâs new local and overseas investments resulted in the positive
variances.
Total Toyota and Perodua vehicle sales of 180,490 units represented
45.4% of the total industry volume of 397,619 units for the nine months
ended 30 September 2009, as reported by the Malaysian Automotive
Association.
Moving forward
The economies of some developed nations like USA, Japan and Europe
are showing signs of recovery as a result of various financial stimuli.
Similarly, the Malaysian economy has shown signs of recovery since the
second quarter of 2009 with the progressive implementation of two
economic stimulus packages totalling RM67 billion. MIER had projected
real GDP to have a smaller contraction of 4.2% in 2009 before growing
by 2.8% next year.
Datoâ Abdul Halim Harun, President & Group CEO of UMW Holdings
Berhad said, âImproved overall sentiment on the back of government
stimulus measures and a gradual economic recovery is expected to
support vehicle sales. With more projects being implemented under the
economic stimulus packages, demand for our industrial and heavy
equipment is expected to improve.â
He added, âOil prices have improved to about USD75 per barrel with
no visible downward pressure. Capital expenditure by oil majors is
expected to increase from the fourth quarter of 2009 in view of stable
and sustained levels of oil prices, coupled with growing demand for oil
from China and India. This should benefit our Oil & Gas
Division."
With a brighter economic outlook for the remaining period to 31
December 2009, the Board is of the view that the Group is likely to
achieve satisfactory financial results for the year 2009, albeit lower
than the record 2008 performance.The Board expects
the Groupâs ROSF and dividend payout targets for 2009 to be
achievable.
UMW
Announces Improved Second Quarter Results Over 1st Quarter
Shah Alam, 21 August 2009
â The UMW Group announced improved revenue of RM2,581.1 million for
the second quarter ended 30 June 2009, which was an increase of RM231.3
million or 9.8%, over the RM2,349.8 million recorded in the first
quarter of 2009.
In line with the higher
revenue, Group profit before taxation of RM185.5 million for the second
quarter exceeded the RM123.7 million recorded in the first quarter of
2009 by RM61.8 million or 50.0%.
Group revenue of RM2,581.1
million for the second quarter ended 30 June 2009 was RM987.1 million
or 27.7% lower than the RM3,568.2 million registered in the preceding
yearâs corresponding quarter. Decline in spending by consumers
and industrial sectors due to the global economic downturn resulted in
the lower revenue recorded by the Automotive, Equipment and
Manufacturing & Engineering segments.
In tandem with the reduced
revenue, Group profit before taxation for the second quarter ended 30
June 2009 of RM185.5 million was lower than the RM355.0 million
recorded in the same quarter of 2008 by RM169.5 million or 47.7%.
The weakening of Ringgit Malaysia against the US Dollar and Japanese
Yen also affected profit margins.
Despite the challenging
economic environment, the Oil & Gas segment registered a positive
variance for both revenue and profit before taxation for the second
quarter as contributions from the segmentâs new local and overseas
investments started to flow in.
Overall, the UMW Group net
profit attributable to the equity holders of the Company for the second
quarter ended 30 June 2009 of RM79.4 million was less than the RM151.7
million recorded in the preceding yearâs corresponding quarter by
RM72.3 million or 47.6%.
6-month performance
Total Group revenue of RM4,930.9 million for the six months ended 30
June 2009 was lower than the RM6,553.3 million registered in the same
period of 2008 by RM1,622.4 million or 24.8%. Generally, lower
demand for industrial and consumer products resulting from the global
economic slow-down impacted the performance of the Group.
Correspondingly, Group profit before taxation for the six months ended
30 June 2009 of RM309.2 million was lower than the RM647.9 million
recorded in the same period of 2008 by RM338.7 million or 52.3%.
Net profit attributable to
the equity holders of the Company for the six months ended 30 June 2009
decreased to RM145.4 million from the RM293.5 million achieved in the
same period of 2008, a reduction of RM148.1 million or 50.5%.
Total Toyota and Perodua
vehicle sales of 113,580 units represented 45.2% of the total industry
volume (âTIV") of 251,092 units for the six months ended 30 June
2009, as reported by the Malaysian Automotive Association.
Moving forward
The higher level of vehicle sales for the second quarter ended 30 June
2009 versus the first quarter is expected to continue into the second
half of 2009 as reflected in the increase in new orders for Toyota and
Perodua vehicles. The Malaysian Automotive Association has also revised
its 2009 full year TIV forecast upwards, from 480,000 units to 500,000
units, in view of the improved consumer sentiment.
Datoâ Abdul Halim Harun,
President & CEO of UMW Holdings Berhad said, âDemand for our
industrial and heavy equipment is expected to improve further with the
roll-out of some projects from the Iskandar Development Corridor,
Pahang-Selangor Interstate Raw Water Transfer (IRWT) and Klang Valley
LRT extension/upgrading under the Ninth Malaysia Plan."
He added, âSome of our
recent investments in the Oil & Gas segment have started to
contribute positively to Group profits in the second quarter. The
new income-generating investments include the Zhongyou BSS plant, which
is a joint venture with a subsidiary in the China National Petroleum
Corporation group, the three land rigs in Assam, India as well as our
investment in the business of power generator design and application
through Synergistic Generation Sdn. Bhd.."
Based on the better economic
outlook for the second half of 2009 and with the strengthening of
Ringgit Malaysia against the US Dollar, the Board is of the view that
the Groupâs performance for the year 2009 will be satisfactory,
albeit lower than the record 2008 performance. The Board expects the
Groupâs internal KPI targets for 2009 to be achievable with the
various proactive promotional programmes to increase sales volume and
cost-saving measures to improve margins.
Worldâs Most Popular And Advanced
Hybrid Launched In Malaysia
Subang Jaya, 3 August âThe worldâs popular and
advanced Hybrid car, the Toyota Prius made its debut in Malaysia, at a
media preview held at UMW Toyota Motorâs showroom in Subang Jaya
today.
The all new third generation Prius, which was first launched in the
United States and recently in Japan and Australia where it received
tremendous response.In Japan, in spite of the soft
economic conditions, the all new Toyota Prius has become the top seller
with more than 31,000 units sold and more than 180,000 units booked.
Speaking at the function, Mr Kuah Kock Heng, President of UMW Toyota
Motor said, âToday marks a significant milestone for UMW Toyota Motor
with the introduction of the PRIUS, a vehicle that symbolizes
Toyotaâs commitment in using innovative technology to preserve and
minimize the impact on the environment.."
He also said, âThe Prius has proven that hybrid technology is viable,
durable, and one of the best ways to preserve the environment while at
the same time maximizing our natural resources.As a
result, hybrid technology is now a mainstream option being adopted by
auto-makers. â
Toyota Prius marks a new era for the Malaysian auto industry. Pleased
with the governmentâs move to support Hybrid vehicles, Mr. Kuah said,
âI would like to take the opportunity to thank the government for
their support towards Hybrid technology vehicles. Without their support
and incentives given to manufacturers, we would not be able to bring in
the Prius to this country."
Although this is the first time UMW Toyota Motor is selling the Prius,
the hybrid technology has been infact introduced to Malaysians much
earlier. In 2003 UMW Toyota donated the 1st Generation Prius to the
National Science Centre to educate Malaysians about Toyotaâs Hybrid
Technology. Since then, the company has participated in various
exhibitions to showcase the Toyota Hybrid Synergy Drive (HSD) system
including the 2008 International Petroleum Technology Convention and
most recently at the Eco Green Week Event exhibition at 1-Utama
shopping centre.
The development of the new 3rd generation Prius has taken four and a
half years and countless man-hours. The team was challenged to uphold
the âSpirit of Innovation" and based on the concept of âHuman
Technologyâ, the new Prius has a point-two-five coefficient of drag
making it the worldâs most aerodynamic production vehicle.
The new Prius will feature a powertrain thatâs 90 percent newly
developed with significant improvements over the previous generation.
The Prius adopts a new beltless 1.8-liter, four cylinder petrol engine
with 98 horsepower. It runs at lower RPMs at highway speeds for more
relaxed driving, better fuel efficiency and improved uphill
performance.
What lies underneath the hood continues to set Prius apart from the
rest of the hybrids on the market. The new Prius, unlike most of its
competitors, is an uncompromised hybrid, utilizing Hybrid Synergy Drive
that is intelligent enough to run independently on either gas or
electric power or a combination of both.
The Prius is priced at RM 175,000 in Peninsular Malaysia, inclusive of
insurance for private registration.
UMW Toyota Motor targets to sell 100 units of Prius this year.
According to Mr. Kuah, âDue to its overwhelming popularity since
launch, there has been a bottleneck in supply. However, with much
thanks to Toyota Motor Corporation (TMC),we managed
to proceed with the launch although we did not get as many units as we
would have wanted.
The order taking and the public launch start on 7th August 2009 at all
Toyota outlets nationwide.
UMW JDC Drillingâs NAGA 1 Achieves
9 Years & 3 Million Manhours No LTI
KUALA LUMPUR,
15 July 2009 â The semi-submersible rig
âNAGA 1", operated by UMW JDC Drilling Sdn. Bhd., a subsidiary of the
UMW Group, achieved a remarkable safety record of 9 years and 3 million
manhours No Lost Time Incident (LTI) since 6 June 2000.
A special ceremony was held in
association with Petronas Carigali Sdn. Bhd. at The
Malaysian Petroleum Clubto celebrate the significant
achievement. Present at the event were En Zulkifly Zakaria, Chairman of
UMW JDC Drilling Sdn. Bhd., Mr Minoru Murata, President and
Representative Director of Japan Drilling Co., Ltd. and En Azhar
Noordin, Senior General Manager, Group Corporate HSE of PETRONAS.
In his speech
during the event, En Zulkifly Zakaria, Chairman, UMW JDC Drilling Sdn
Bhd said, âThe success of NAGA 1 achieving
the 9 years and 3 million manhours with no LTI is the result of both
Petronas Carigaliâs guidance and encouragement, and UMW JDC
Drillingâs serious involvement in promoting Health, Safety and
Environment (HSE) in our rig operations.The
commitment undertaken by both parties to pursue HSE awareness and to
implement HSE programmes, and various safety campaigns in the work
place has proven to be very successful".
UMWâs venture into the oil &
gas exploration operations started in 2005 through a joint venture with
Japan Drilling Company Ltd. for the ownership and operations of a
semi-submersible drilling rig, NAGA 1.Last year,
NAGA 1 was successfully refurbished and upgraded.This
enhanced its competitiveness and extended its lifespan so as to
maintain its excellent safety track record.
Shah Alam â UMW is positive on securing another
contract for NAGA 2 jack-up drilling rig despite the termination of an
existing contract with PCPP Operating Company Sdn. Bhd. (âPCPP").
Datoâ Abdul Halim Harun, President & Group CEO indicated that
a few reasons have contributed to the non-implementation of the
contract by PCPP. He said, âThe rig builder did not deliver the rig
on schedule, while global oil prices and charter rates for jack-up rigs
in general have eased since the contract was first signed and therefore
lower charter rates were sought by PCPP which we could not meet".
As NAGA 2 is a new ultra-premium jack-up rig, UMW believes it would
be utilised. âWe are already talking to other parties â local and
foreign oil majors, and we are confident that a contract would be
secured soon", Datoâ Abdul Halim Harun added.
Contract for the Provision of Jack-Up
Drilling Rig âNAGA 2" for PCPPâS Block SK 305 Exploration and
Development Drilling Programmes, Offshore Sarawak
We refer to our announcement dated 12th August 2008 in respect of
the award of a contract by PCPP Operating Company Sdn. Bhd. (âPCPP"),
a joint venture between Petronas Carigali (Malaysia), Petrovietnam
(Vietnam) and Pertamina (Indonesia), to UMW Standard Drilling Sdn. Bhd.,
an 85%-owned subsidiary of UMW Corporation Sdn. Bhd., which is in turn
wholly-owned by UMW, for the provision of Jack-Up Drilling Rig âNAGA
2" for PCPPâs Block SK 305 Exploration and Development Drilling
Programmes, Offshore Sarawak, for a total contract value of
approximately USD170 million (âthe Contract").
UMW wishes to announce that it has received notification to the
effect that the abovementioned Contract will not be implemented by PCPP
and has been terminated.
However, pursuant to new scope of works being drawn up under new
contracts for drilling activities, UMW is in discussions and
negotiations with other PSC Operators in Malaysia in respect of NAGA 2.
UMW expects NAGA 2 to be in operation by September 2009.
At the 27th Annual General Meeting
(âAGM") held on 25 June 2009, all resolutions, including Ordinary
Resolutions under Special Business, were carried out by shareholders.
A final dividend comprising a franked dividend of 3.25 sen per
share less 25% income tax and a single-tier dividend of 8.75 sen per
share for the year ended 31 December 2008, giving a total gross
dividend of 37.0 sen per share for the year.
Re-election of Directors Tan Sri Datoâ Mohamed Nordin bin
Hassan, Datoâ Dr. Nik Norzrul Thani bin N.Hassan Thani, En Mohd
Nizam Zainordin and Tan Sri Datuk Mohamed Khatib bin Abdul Hamid.
Directorsâ fees for 2008.
Re-appointment of our auditors, Messrs. Ernst & Young.
Renewal of Shareholdersâ Mandate for Recurrent Related Party
transactions; and
Renewal of Authority for the Company to Purchase Its Own Shares.
Dato' Abdul Halim bin Harun, President & Group CEO, also
gave a presentation to shareholders during the AGM.
Malaysian PM Opens UMWâs Largest JV
Plant in China
Qianghuangdao,
China 5th June 2009 â The Prime Minister of Malaysia, Yang
Amat Berhormat Datoâ Seri Mohd Najib bin Tun Haji Abdul Razaktoday officiated the opening ceremony of UMW Holdings Berhadâs
joint venture plant, Zhongyou BSS (Qinhuangdao) Petropipe Co., Ltd. in
Qinhuangdao, China.The joint venture is between UMW
and Baoji Petroleum Steel Pipe Co., Ltd., a subsidiary in the China
National Petroleum Corporation Group. It is involved in the production
of oil and gas transmission pipes for a part of the 9,100-kilometre
Second China West-East Gas Pipeline Project from Khazakhstan to
Shanghai.
he opening ceremony, which coincided with the official visit ofYang Amat Berhormat Datoâ Seri Mohd Najib bin Tun Haji Abdul
Razak to the Peopleâs Republic of China from 2 â 5 June, 2009 was
also graced by the presence of YB Datoâ Mustapa Mohamed, Minister of
International Trade and Industry, His Excellency Liu Jian, Chinese
Ambassador to Malaysia, Mr Li Xin Hua, Vice- President of China
National Petroleum Corporation, Datoâ Syed Norulzaman Syed
Kamarulzaman, Malaysian Ambassador to China, Tan Sri Asmat Kamaludin,
Group Chairman, Datoâ Abdul Halim Harun, President & Group CEO,
UMW Holdings Berhad and a host of other Chinese and Malaysian
dignitaries.
Tan Sri Asmat Kamaludin, in his speech
said, âWhile the UMW Group is very proud of this project, we are also
humbled by the opportunity to be significantly involved in this massive
project undertaken by CNPC."
"A joint venture of this magnitude
would not have been possible if not for the excellent relationships
that we have cultivated over the years with our Chinese partners,
business associates and our diplomatic offices in China.And
of course, the friendly diplomatic ties between both the Peopleâs
Republic of China and Malaysia, have made it much easier for us to set
up various business ventures in China."
Zhongyou BSS (Qinhuangdao) Petropipe
is UMWâs sixth plant and its biggest venture in China to date. The
RMB1.3 billion plant which covers 165 acres, produces large-diameter
S-SAW or Spiral Submerged Arc Welded steel pipes and L-SAW or
Longitudinal Submerged Arc Welded transmission steel pipes.These pipes will be used in the Gas Pipeline Project.The current production capacity of the plant is 480,000 metric
tones.
KYB-UMW Malaysia Sdn. Bhd. Launches
Motorsports Performance Suspension Technology- KYB RS PRO
Bandar Sunway, 5 June 2009 â KYB-UMW Malaysia Sdn. Bhd.
(âKYB-UMW"), the leading manufacturer for automotive and motorcycle
shock absorbers in Malaysia, launched its latest technology in
motorsports suspension product called RS PRO.The
KYB RS PRO, with the tagline âTotal Control with Precisionâ,
offers the ultimate in driving pleasure and it satisfies the
requirements of motorsports enthusiasts in this country.
The new KYB RS PRO Performance Suspension was officially launched by
Mr Chan Seng Yoke, Managing Director, KYB-UMW at Kakimotor Sdn. Bhd. in
Bandar Sunway.
" KYB-UMW has spent about a year to develop the RS Pro product.With inputs from racing professionals and KYB Japanâs years of
experience in performance suspension, we have come out with a product
that is affordable and of high quality to suit the Malaysian market.The product has undergone stringent testing for safety, handling
and performance", said Mr Chan Seng Yoke in his speech.
He added, âMotorsports suspension is getting popular in developing
countries such as Japan, Taiwan and Hong Kong, as the end-users look
for more demanding performance parts other than the factory
specifications for their cars".
The KYB RS PRO is engineered to the characteristic of the cheetah.Its high-tech features ensure safe driving and security in
whatever driving conditions. The superb engineered performance is built
to drive oneâs passion for speed, leisure and comfort.
In product distribution, KYB-UMW only appoints exclusive partners in
major cities to distribute the KYB RS PRO. In Klang Valley, KYB-UMW has
appointed Kakimotor Sdn. Bhd. as an exclusive authorised dealer due to
their strong presence in strategic locations and vast experience in the
marketing of motorsports products.
The KYB RS PRO is available at Kakimotor Sdn. Bhd. branches located at
Bandar Sunway, Mid-Valley Megamall and Taman Sri Muda, Shah Alam,
respectively.
UMWâs Datoâ Abdul Halim Harun is Now
President & Group CEO In line With Global Trends, the
Position of Datoâ Abdul Halim Harun of UMW Will Be Re-designated from
Group Managing Director & Chief Executive Officer to that of
President & Group CEO of UMW Holdings Berhad.
Shah Alam,
29 May 2009â UMW
Holdings Berhad is pleased to announce the change of designation of
Datoâ Abdul Halim Harun from Group Managing Director & Chief
Executive Officer of UMW Holdings Berhad to President & Group CEO
of UMW Holdings Berhad, effective 1st June2009.
Tan Sri Asmat Kamaludin, Group
Chairman of UMW Holdings Berhad said, âThe re-designation is in line
with global trends and will allow Datoâ Abdul Halimâs position to
be recognized in all parts of the world."
Datoâ Abdul Halim Harun was
appointed Group Managing Director & Chief Executive Officer of UMW
Holdings Berhad on 5th April 2001.
The UMW Group is an international
conglomerate that develops industries, manages partnerships and
facilitates growth. It is involved in four core businesses â
Automotive, Equipment, Manufacturing and Engineering, and Oil and Gas.
UMW & MERCY Malaysia in Community Service
Programme UMW Hands
Over Three Toyota Vehicles As Part of its Joint Community Service
Programme with MERCY Malaysia. UMW also Launches the UMW Community
Champions Programme.
Shah
Alam â UMW handed over three Toyota
Vehicles to MERCY Malaysia, as part of a Community Service grant worth
RM 798, 400 to assist vulnerable communities in Peninsular Malaysia,
Sabah and Sarawak.The vehicle handover ceremony was
held on 26th May 2009 and is a follow up to a Corporate
Social Responsibility partnership agreement signed between UMW and
MERCY Malaysia in December 2008. Present at the ceremony were Datoâ
Abdul Halim Harun, UMW Group Managing Director & CEO; Ms. Suseela
Menon, Executive Director, UMW Corporation and Datuk Dr Jemilah
Mahmood, President, MERCY Malaysia.
Apart from
the vehicles â 2 units of Toyota Hilux and one unit of Toyota Hiace,
the UMW Community Service grant will cover the operational costs of
community programmes on reproductive health, personal hygiene, dental
care, eye care as well as talks and demonstrations on long-house fire
reduction.The programmes will reach out to remote
and vulnerable communities in Sabah and Sarawak and will be managed by
MERCY Malaysia.
At the
event, UMW also launched its Community Champions Programme, a volunteer
programme that gives UMW employees the opportunity to be a real part of
the Groupâs Corporate Social Responsibility efforts. This includes
UMWâs environmental education programmes, neighbourhood gotong-royong
projects, as well as other social and charitable activities.
Selected volunteers will also undergo training programmes with MERCY
Malaysia and be deployed to assist on relief missions in times of need.
Ms.
Suseela Menon, Executive Director, UMW Corporation said in her welcome
remarks, âOver the years, we have seen MERCY overcome obstacles and
barriers, crossing rivers and borders, to help a fellow Man in need,
regardless of race, religion or creed. Despite the economic times we
live in, we are glad to have the financial resources to support the
worthy causes that organisations like MERCY Malaysia are involved in,
and go Beyond Boundaries in our own CSR efforts. We also believe that
such causes cannot be championed from a distance.Financial
contributions can provide a spark of hope but it is our personal
involvement which will keep the fire burning. It is for this very
reason that we have set up the UMW Community Champions Programme."
Datuk Dr
Jemilah Mahmood said, âThese three UMW vehicles will be such
important assets for our Sabah and Sarawak Chapters as well as for use
in Peninsular Malaysia. These Toyota vehicles from UMW will come in
very handy when we are sending volunteers to mobile clinics and
delivering medicine and medical equipment into the jungles of Sarawak.
It is a service that goes beyond race and religion. One of the most
important aspects of humanitarian work is logistics, thus we are
grateful that UMW recognises that the value of what these vehicles are
going to do, is far greater than their financial worth."
In August
2008, UMW officially launched its CSR report detailing its activities
and initiatives over the period spanning 2001 to 2007 related to the
marketplace, the workplace, the environment and the community. The
report, independently audited by Bureau Veritas --- the worldâs
leading certification body --- has the distinction of being awarded the
prestigious Global Reporting Initiative (GRI) Application Level A (+)
Certification for CSR reporting. UMW is officially the first Malaysian
corporation to comply with the stringent GRI-G3 sustainability
reporting guidelines.
Itâs Lights Out at UMW UMW switches off non-essential
lights and joins nation in support of Earth Hour 2009
Shah
Alam, 30 March 2009 â The UMW Group
demonstrated its concern for Mother Earth by becoming a registered
supporter of Earth Hour 2009 which took place on 28 March from 8.30 pm
â 9.30 pm.It was switching-off time for all
non-essential lights at its office buildings and plants across the
country.The Groupâs 11,000-strong employees were
similarly encouraged to support Earth Hour in their respective homes.
Group
Managing Director & CEO, Datoâ Abdul Halim Harun said, âI
decided to take my family for a drive past the UMW complex in Shah Alam
during Earth Hour.The entire place was shrouded in
darkness.Only small spots of essential lights could
be seen sporadically. As a safety measure, our security guards
patrolled the area with torch-lights."
âWe
reminded our employees to do their share for Earth Hour, too.They were even given tips on how to live the one hour in the
dark."
Suseela
Menon, Executive Director, UMW Corporation took part in Earth Hour by
sitting out in her patio at home with her dog, who was baffled at the
total darkness.
Farida
Mohd Salleh, Assistant General Manager, Group Public Affairs Division
of UMW had a vantage view of the KL Tower & KLCC from her home in
Kampung Baru.She and her family enjoyed cheese cake
in their garden while watching these two iconic buildings plunged into
total darkness.
Datoâ
Abdul Halim added, âSupporting Earth Hour is a natural extension of
the UMW Groupâs commitment to environmental preservation and
conservation.We recently launched the UMW Green
Challenge programme.It is an environment education
and conservation programme for secondary school children, which has the
support and cooperation of the Ministry of Education, local municipal
councils and relevant government agencies. The
Toyota Eco-Youth Programme is another environmental awareness programme
which we introduced in 2001 for school children. We
also actively advocate environmental awareness to our employees.We have recently started a series of talks by environmentalists
to educate our employees on climate change and other environmental
issues.This is the prelude to our âGreen
Workplace" programme which will be launched soon.
The Group
also collaborates with the Department of Environment to ensure
environmental guidelines are adhered to at its plants.
Kuala Lumpur, 25 FEBRUARY
2009 â UMW today announced Group revenue of RM12,797.8 million
for the year ended 31st December 2008, an increase of RM2,821.6 million
or 28.3% over the RM9,976.2 million registered in 2007. Higher revenue
achieved by all business segments of the Group, particularly the
Automotive segment, resulted in the revenue growth.
This significant revenue
growth resulted in a record Group profit before taxation of RM1,271.6
million for 2008 compared to the RM856.3 million registered in 2007, an
increase of RM415.3 million or 48.5%. The Automotive and Equipment
segments were the main contributors to this profit growth. Record sales
of Toyota and Perodua vehicles and improved equipment sales resulted in
the higher Group profit before taxation..
As a result, net profit of
RM562.3 million attributable to the equity holders of the Company for
2008 was RM93.1 million or 19.8% higher than the RM469.2 million
registered in 2007.
Total Toyota and Perodua
vehicle sales of 268,713 units represented 49% of the total industry
volume (âTIV") of 548,115 units for the year ended 31st December
2008, as reported by the Malaysian Automotive Association (âMAA").
On the UMW Groupâs current
prospects, Datoâ Abdul Halim Harun, Group Managing Director & CEO
said, âIn view of the current uncertain economic conditions, MAA has
forecast that total new vehicle sales for 2009 will decline by 12.4% to
480,000 units from 2008âs 548,115 units. We forecast sales of Perodua
and Toyota vehicles to be proportionately lower in tandem with the 2009
TIV. However, we expect to retain our market share of 30% and 18% of
TIV for Perodua and Toyota vehicles, respectively."
Growth in the construction,
logging and mining sectors is expected to slow down due to the overall
lower export demand. However, the implementation of various projects
under the Ninth Malaysia Plan, the first RM7 billion stimulus package
and the likely subsequent stimulus packages are expected to cushion an
expected decline in the above sectors. âWe expect sales and margins
of our industrial and heavy equipment to be affected by the economic
slowdown and the unfavourable foreign exchange rates", he said.
He further added, âThe
investments made by the UMW Group in the Oil & Gas sector will
stand us in good stead in 2009, as some of our major projects begin to
contribute to Group profits. For example, our Zhongyou BSS plant, a
joint venture with a subsidiary of China National Petroleum
Corporation, has, in January 2009, commenced production and supply of
Spiral Submerged Arc Welded (âSSAW") pipes for a part of the
2,400km eastern section of the 2nd West-East Gas Pipeline Project from
Zhongwei to Guangzhou. The Company is also a contracted supplier of
Longitudinal Submerged Arc Welded (âLSAW") pipes for the 7,000km
Khazakhstan to Shanghai gas pipeline project."
The challenging business
environment resulting from the global economic crisis and the
volatility of foreign exchange rates will impact the profitability of
the companies in the Group. Nevertheless, the Board expects the
Groupâs profit for 2009 to be at acceptable levels, albeit lower than
the record 2008 performance.
The Board has recommended a
final dividend comprising a franked dividend of 6.5% or 3.25 sen per
share of RM0.50 each less 25% income tax and a single-tier dividend of
8.75 sen per share of RM0.50 each for the year ended 31st December
2008. The amount of net dividend payable is approximately RM123.0
million (2007 - 14.0 sen per share of RM0.50 each less 26% income tax,
amounting to a net dividend of RM112.1 million). The proposed total
final dividend of 12 sen per RM0.50 share, if approved by shareholders,
will be paid on 10th August 2009.
The annual dividend per share
of RM0.50 each for the year ended 31st December 2008 would be 37.0 sen
or a gross dividend of 74.0%, amounting to approximately RM325.9
million of net dividend (2007 - 30.0 sen or a gross dividend of 60.0%
per share of RM0.50 each), amounting to a net dividend of RM238.2
million.
The UMW Group is an
international conglomerate that develops industries, manages
partnerships and facilitates growth. It is involved in four core
businesses â Automotive, Equipment, Manufacturing and Engineering,
and Oil and Gas.
Last year UMW unveiled its
new brand which was aimed at amplifying its leading position at home
and organising itself for greater global expansion. It will now focus
on building on the strengths of its core businesses as well as
enhancing those strengths in the global arena to further tap
international opportunities.
In adopting its new rallying
call â Beyond Boundaries â UMW is set to play a leading role in
shaping the future of its industries globally. The Company will do this
by inspiring vibrant ideas, nurturing potential, pioneering
partnerships and delivering excellence in everything it does; the
rewards of which will contribute to the progress and well-being of all
its stakeholders.
Kuala Lumpur, 27 February 2009
â For the financial year ended 31 December 2008, the UMW Group
achieved a record in its 91-year history â the Group attained a
profit before taxation of RM1,271.6 million, which was a 49% increase
over the RM856.3 million registered in 2007. This record-breaking
performance was attributable to the strong contribution by the
Automotive and Equipment Divisions, while other segments performed
satisfactorily.
2009 is expected to be a
challenging year. We expect lower unit sales from our Automotive
Division as the Malaysian Automotive Association (MAA) has projected a
12% decline in Total Industry Volume. Nevertheless, we are confident
that we can maintain our overall market share with our broad model
line-up, which ranges from affordable Perodua to mid-market Toyota to
the premium Lexus vehicles.
Oil & Gas Division is
expected to step up its contribution to Group profits in 2009 and
beyond. The manufacturing plant in Qinhuangdao has already commenced
production and supply for the Khazakhstan to Shanghai 9,100-kilometre
gas pipeline project.
Fulfilling our commitment of
paying out 50% of our net profit as dividend, we are recommending a
final dividend of 12 sen. Our total dividend for 2008 is approximately
RM325.9 million (37 sen), representing about 58% of net profit (up from
2007âs total of RM238.2 million or 30 sen per share of RM0.50 each).
Please refer to UMW's second
quarterly IR reportfor more details of our performance
and prospects.
Toyota Celebrates Chinese New Year
with Charity Homes
Shah Alam, Tuesday, 5
February 2009 â UMW Toyota Motor organised a Festive
Gathering at their Headquarters for the children from Good Samaritan
Home, Klang and Precious Children Home, Petaling Jaya. This annual
Festive Gathering was organised as part of the companyâs commitment
to Corporate Social Responsibility.
60 children, with ages
ranging from 7-18 years old, enjoyed a full Chinese New Year spread and
were presented with Angpow and school bags containing goodies.
These gifts were intended to give these children some form of assurance
that they are not alone in this world and that there are people who
care.
According to Mr. Kuah Kock
Heng, President of UMW Toyota Motor Sdn. Bhd. (UMW Toyota Motor), âThis
is the essence of the Chinese New Year celebration - spreading cheer
and embracing the spirit of sharing and caring. Let us not forget that
while we enjoy a whirlwind of feasting and merry-making, there are
others who have little to cheer about. Most of us have families and
loved ones to celebrate the festivals with, but this is not a privilege
for the less fortunate and orphans who feel their deprivation the most
during this time. â
He also said, âThis little
get together does not only spread a little cheer but also to let them
know that there are people who still care for their well-being and that
they are not alone in this world."
Presence at the festive
gathering was Mr. Takashi Hibi, Deputy Chairman, UMW Toyota Motor and
other senior management of the company.
UMW Toyota Motorâs commitment to CSR has been an integral part of its
corporate culture since it was established in 1982. Its CSR approach is
consonant with its philosophy of âA history of service to societyâ,
where UMW Toyota Motor continuously seeks opportunities to contribute
to the communities where they operate their business.
Shah Alam, 22 January
2009 - After the marathon ten-day driving and recovery action
through the rugged wilderness under the constant hammering from the
monsoon rain in the recently concluded Rainforest Challenge (RFC) in
Dec, the four Toyota Hilux have made it safely back to civilization and
the modern world, to UMW Toyota Motor headquarters in Shah Alam.
The handing over ceremony of
the RFC flag to Mr. Kuah Kock Heng, President of UMW Toyota Motor by
Mr. Luis J.A. Wee, the Founder & Event Director of RFC, is indeed
of great significance as it symbolizes a victorious ending of the four
Toyota Hilux experience in the event. They have survived the true
spirit of adventure as well as proven themselves as extraordinary
machines in the face-off with the awesome might of Mother Nature.
The battered weary RFC flag
was flown proudly with the Toyota Hilux through the thick and thins of
endurance in the rain-soaked jungle. They have passed the extreme test
with flying colours as the official support car of the event. These
Toyota Hilux were there in every hot spot trouble area, pulling the
scout team and official support team through major obstacles. They also
played a crucial role in keeping the logistics of the event moving from
day to day. All these hard work demands only the best from man and
machine, and the Toyota Hilux rose up to the challenge.
For making it through the
rough and tumble without any major breakdown in the worldâs most
internationally represented 4x4 off-road event and one of the toughest;
these Toyota Hilux have earned their RFC badge of honour with
distinction. Thatâs a well deserved WELL DONE!
All the four RFC Toyota Hilux
will be displayed at selected Toyota showrooms in Peninsula Malaysia
for all to see at first hand and at close range what the Toyota Hilux
has always been known for â tough, durability and reliability.
RM36, 900 Donated To Pusat Kanak
Kanak Harian Spastik
Ipoh, Wednesday, 21
January 2009 â UMW Toyota Motor Sdn. Bhd. (UMW Toyota
Motor), the assembler, marketer and distributor of Toyota automobile
passenger cars and commercial vehicles, today presented a total of RM
36,900 to Pusat Harian Kanak-kanak Spastik (PHKS) during a cheque
presentation ceremony.
The fund totaling RM444, 900,
were raised from ticket sales and corporate donations from the Toyota
Classics concert, held on 1st November 2008. PHKS was the final
recipient of the fund raising effort by UMW Toyota Motor. Three other
charity organisations; Yayasan Raja Muda Selangor, Montfort Youth
Centre Malacca and the Malaysian Leprosy Relief Association Sarawak has
received their allocation on December last year.
Tuan Haji Aminar Rashid
Salleh, Executive Director, UMW Toyota Motor in his speech said,
âToyota Classics is a major component of our Corporate Social
Responsibility (CSR) programme. Each year, the funds collected will be
channelled to three or more pre-selected charity organisations such as
orphanages, drug rehabilitation centres, cancer societies, old folk
homes, welfare homes, hospices and cultural foundations. Since its
inception, we are delighted to announce that we have raised and donated
over RM5 million to 39 charity organisation nationwide. This is our way
of giving back to the society and community where we are doing our
business".
Tuan Haji Aminar Rashid
Salleh, added that the donation amount of RM36, 900 given to PHKS will
support the expansion project of their building and study hall.
The project will provide comfort and convenience for these special kids
to study, carry out special activities as well as conducting therapy
sessions. He also mentioned that the donation to the centre can only
cover part of their project cost but he believed, they could use the
sum of money to start the project.
The cheque was presented to the Chairman of PHKS, Puan Hasmah Haji
Hamzah. Also presence at the ceremony was PHKS lifetime patron, Datin
Seri Hajjah Maria Binti Mahmud.
The Toyota Classics concerts
â which are performances by world-renowned orchestras â was
conceptualised under the Philanthropic pillar of UMW Toyota Motorsâ
three pillars of CSR to raise funds for charitable organisations and
Non-Governmental Organisations (NGOs). The other two pillars are Road
Safety and Environment.
UMW Toyota Motorâs
commitment to CSR has been an integral part of its corporate culture
since it was established in 1982. Its CSR approach is consistent with
its philosophy of âA history of service to societyâ whereby UMW
Toyota Motor continually seeks opportunities to contribute to the
communities in which they operate their business.
Klang, 08 January
2009 - UMW Toyota Motor Sdn. Bhd. announce today that it
has upgraded the Klang sales outlet to its latest showroom standard to
serve customers better.
The newly renovated showroom,
located at Jalan Kepayang, in the heart of Klang town was first
opened in year 1990 and have gone through many changes before it was
upgraded to the current standard.
âOur move to enhance the
existing Klang showroom is to incorporate our latest ideas on how we
can best deliver to customers our brand promise and to give them the
Toyota Quality Experience (TQE) that we are known for," said Mr Kuah
Kock Heng, Managing Director of UMW Toyota Motor.
In his speech, Mr Kuah shared
UMW Toyota Motor performance in year 2008. âWe are indeed very
happy to mark a new sales record of more than 101,600 units of vehicle
sold, which is slightly above 18% percent of the Total Industry Volume
compared to 2007, sales of 82,000 or 17.1% market share.â
He also said that the
companyâs efforts to expand and enhance its sales and after sales
network for the past few years to give customers the best sales
experience and after sales support has paid off when UMW Toyota Motor
achieved the No.1 position in both JD Power CSI and SSI 2008 survey.
Mr. Kuah further added that
the accomplishments are indeed very significant achievements to UMW
Toyota Motor. He said, âWe could have not achieved this without
the support from our customers. I would like to take this opportunity
to thank all our customers who have been supporting us all these years.
âWe will continue to put
more focus on our customers and at the same time, train our staff to be
customer centric. In doing this, we would more responsive and flexible
in our dealings with our valued customer and adjust to our customers
requirement due to market changes," he said ending his
speech.
Also present at the opening
ceremony were Tan Sri Asmat Kamaludin, Chairman of UMW Toyota
Motor, Mr. Takashi Hibi, Deputy Chairman of UMW Toyota Motor,
and Datoâ Dr. Abdul Halim Harun, Group Managing Director and
CEO, UMW Holdings Berhad.
UMW Toyota Motor had invested RM2 million for the reconstruction of the
Klang outlet, which has a total built up area of 11,375 square feet.
The branch is well equipped with the latest showroom facilities,
including a spacious showroom area that can display 7 vehicles at any
one time, a delivery bay and a customer lounge for our customersâ
comfort.
The Klang showroom has a team
of 27 dedicated staff to serve our customers and provide service such
as insurance renewal.
Kuala
Lumpur, 19 December 2008 â The UMW Group achieved yet another
record â Group profit before taxation of RM1,001.7 million for
the nine months ended 30th September 2008, was an 85.3% increase
over the RM540.7 million registered in the same period of 2007.
This outstanding
performance was attributable to the strong showing of the
Automotive and Equipment segments. All other segments performed
satisfactorily.
Going forward, we
expect the Oil & Gas division to substantially increase its
contribution to Group profits in 2009 and beyond. Our
investments in the major Longitudinal Submerged Arc Welded
(LSAW) manufacturing plant in Qinhuangdao (a joint-venture with
the CNPC subsidiary), our ultra-premium jack-up rigs, and our
seamless tubular manufacturing plant in India will have a
significant, positive impact on Oil & Gas Divisionâs
profits.
We have a policy of
paying out 50% of our net profit as dividend. This year, we have
already declared interim dividends of RM203.8 million (25 sen).
The UMW CSR Report
brings together the companyâs CSR initiatives related to the
marketplace, the workplace, the environment and the community to
provide a record of what it has achieved as well as to give
focus for its CSR programme in the future.
Please refer to
UMW's first quarterly IR report for more
details of our performance and prospects.
Kuala
Lumpur, 24 November 2008 â The UMW Group achieved yet another
record Group profit before taxation of RM1,001.7 million for the
nine months ended 30th September 2008, an 85.3% increase over
the RM540.7 million registered in the same period of 2007. This
achievement was on the back of a 35.6% increase in Group revenue
to RM9,879.5 million for the nine months ended 30th September
2008.
This outstanding
performance was attributable to the strong showing of the
Automotive and Equipment segments.
Group revenue of
RM3,326.2 million for the third quarter ended 30th September
2008 was RM556.5 million or 20.1% more than the RM2,769.7
million registered in the preceding yearâs corresponding
quarter. The improved sales registered by all business segments
of the Group, predominantly the Automotive segment, resulted in
the revenue growth.
Group profit before
taxation for the third quarter ended 30th September 2008 of
RM353.8 million outperformed the RM232.6 million achieved in the
same quarter of 2007 by RM121.2 million, or 52.1%. Higher sales
of Toyota vehicles coupled with favourable mix and improved
performance of the Equipment segment accounted for the higher
Group profit before taxation.
The RM152.7 million
net profit attributable to the equity holders of the Company for
the third quarter showed an increase of RM13.6 million or 9.8%
from the RM139.1 million recorded in the preceding yearâs
corresponding quarter.
âI am extremely
pleased with the third quarter performance which overall has
seen tremendous growth over last year. This is yet another
record performance for the Group,â said Datoâ Abdul Halim Harun,
Group Managing Director and Chief Executive Officer of UMW
Holdings Berhad.
Total Toyota and
Perodua vehicle sales of 209,270 units represented 48.7% of the
TIV of 429,913 units for the nine months ended 30th September
2008, as reported by the Malaysian Automotive Association.
Although total
demand for motor vehicles in the fourth quarter of 2008 is
expected to slow down in view of the weaker economic outlook,
the Group does not anticipate sales of Toyota and Perodua
vehicles to be substantially affected. This is mainly due to the
quality of fuel-efficient vehicles in the wide range of models
the Group offers.
Meanwhile, the
Group expects the oil and gas companies to perform well as it
believes that the prevailing lower crude oil prices will not
significantly affect exploration and production activities, as
investment and capital expenditure by major oil corporations are
long term in nature in their effort to increase total reserves.
Under the current
economic scenario, overall demand for heavy and industrial
equipment for the rest of the year may be affected by lower
commodity prices and export of manufactured goods.
The Group has
achieved better-than-expected performance in the first three
quarters of 2008. The Board is confident that this, together
with the various proactive measures taken by the companies in
the Group to maintain market share and to mitigate the effects
of the slower economic growth, will enable the Group to post a
record performance for the financial year ending 2008.
UMW
Announces Outstanding Second Quarter 2008 Results
Kuala
Lumpur, 20 August 2008 â The UMW Group has announced group
revenue of RM3,568.2 million for the second quarter ended 30th
June 2008. This was RM1,063.5 million or 42.5 per cent more than
the RM2,504.7 million registered in the preceding yearâs
corresponding quarter. Higher sales recorded by all business
segments of the Group -- particularly the Automotive segment
resulted in the improved revenue.
Group profit before
taxation for the second quarter of RM355.0 million outperformed
the RM167.8 million registered in the same quarter of 2007 by
RM187.2 million, or more than 100%. Higher Toyota and Perodua
vehicle sales, robust performance from the Equipment segment and
favourable foreign exchange rates -- accounted for the higher
Group profit before taxation.
The RM151.7 million
net profit attributable to the equity holders of the Company for
the second quarter showed an increase of RM44.9 million
or 42.0% from the RM106.8 million recorded in the
preceding yearâs corresponding quarter.
âI am pleased with
the second quarter performance which overall has seen tremendous
growth from last year,â said Datoâ Abdul Halim Harun, Group
Managing Director and Chief Executive Officer of UMW
Holdings Berhad. âAs in the previous quarter, our
Automotive Division remains the star performer. That being said,
our traditional businesses like Equipment and
Manufacturing & Engineering Divisions have also
shown positive signs with double digit growth.â
6-month
performance Group
revenue of RM6,553.3 million for the six months ended 30th June
2008 improved over the RM4,516.7 million registered in
the same period of 2007 by RM2,036.6 million or 45.1%.
In line with higher revenue, Group profit before taxation for the
six months ended 30th June 2008 of RM647.9 million exceeded the
RM308.1 million registered in the same period of 2007 by RM339.8
million or more than 100%.
Consequently, the
net profit attributable to the equity holders of the Company for
the six months ended 30th June 2008 increased to
RM293.5 million from the RM187.1 million registered in the same
period of 2007, an increase of RM106.4 million or 56.9%.
Improved
performance from the Automotive and Equipment segments resulted
in the higher net profit. Total Toyota and Perodua vehicle sales
of 138,501 units represented 49.8% of the TIV of
277,974 units for the six months ended 30th June 2008,
as reported by the Malaysian Automotive Association.
Going Forward The increase in fuel
prices and electricity tariffs has resulted in rising inflation,
lower GDP growth and, an anticipated reduction in private
consumption in the second half of 2008. Total Industry Volume
(âTIVâ) for motor vehicles is also expected to taper following
the hire purchase interest rates hike and fuel price increase.
Going forward, the
UMW Group is well-positioned to meet consumers' preference for
more fuel-efficient vehicles with its range of models in the
medium and small passenger car categories.
Under the current
economic scenario, demand for heavy and industrial equipment from
the agricultural, logging, mining and construction sectors is
expected to remain stable.
Furthermore,
current high crude oil prices provide incentive for global oil
companies to increase their exploration and production
activities as well as upgrading their existing
facilities. Thus, demand for products and services related to
the upstream Oil & Gas sector is expected to continue to be
strong. This augurs well for our Oil & Gas Division.
In the light of the
above, the Board is of the view that the Groupâs performance for
the financial year 2008 will continue to be satisfactory.
Background of
the New UMW The
UMW Group is an international conglomerate that develops
industries, manages partnerships and facilitates growth. It is
involved in four core businesses - Automotive, Equipment,
Manufacturing and Engineering, and Oil and Gas.
Earlier this year
UMW unveiled its new brand which is aimed at amplifying its
leading position at home and organising itself for greater
global expansion. It will now focus on building on the strengths
of its core businesses as well as enhancing those strengths in
the global arena to further tap international opportunities.
In adopting its new
rallying call - Beyond Boundaries â UMW is set to play a
leading role in shaping the future of its industries globally.
The Company will do this by inspiring vibrant ideas,
nurturing potential, pioneering partnerships and delivering excellence
in everything it does; the rewards of which will contribute to
the progress and well-being of all its stakeholders.
A+
for UMW CSR Report UMW's A+ CSR Rating is Malaysia's
First
Kuala
Lumpur, 18 August 2008 â UMW Holdings Berhad today renewed its
Corporate Social Responsibility (CSR) commitment to the
marketplace, the workplace, the environment and the community in
conjunction with the official launch of the UMW CSR Report
detailing its CSR activities and initiatives over the period
spanning 2001 to part of 2007.
The report,
independently audited in January 2008 by Bureau Veritas -- the
worldâs leading certification body -- has the distinction of
being awarded the prestigious Global Reporting Initiative (GRI)
Application Level A (+) Certification for CSR reporting, the
highest of their ratings.
UMW is officially
the first Malaysian corporation to comply with the stringent
GRI-G3 sustainability reporting guidelines.
Datoâ Abdul Halim
Harun, Group Managing Director and Chief Executive Officer of
UMW Holdings Berhad, said: âAt UMW, we have always practised CSR
â not because we have to, but because we want to â and with our
recent rebranding exercise, we decided that we wanted to
formalise our CSR process and take it to the next level.â
The UMW CSR Report
brings together the companyâs CSR initiatives related to the
marketplace, the workplace, the environment and the community to
provide a record of what it has achieved as well as to give
focus for its CSR programme in the future.
âWe are proud to be
the very first Malaysian corporation to achieve GRI-G3 rating.
Our next step is to benchmark ourselves against international
best practices, and then to address our gaps gradually, across
all our operating units. These efforts are in line with our
rebranding objective of becoming a truly world-class
organisation â in every sphere, not just financially,â said
Datoâ Halim.
âIn all our CSR
activities, we constantly employ our four core values of being
honourable, vibrant, unshakeable and pioneering. These tenets
will guide us forward as we continue to develop and execute our
CSR initiatives,â he further added.
The UMW CSR report
is intended to be useful to all of UMWâs direct stakeholders â
customers, employees, shareholders and the communities in which
UMW operations are located â as well as to anyone who wants to
find out more about how UMW approaches its social, economic and
environmental responsibilities.
In todayâs more
transparent business climate, business organisations are
expected to provide complete and reliable information for
capital markets and societal stakeholders concerning their CSR
activities and impact. Consequently, many companies are already
broadening their horizons beyond setting financial reporting
standards as they understand the importance of engaging globally
with other stakeholders in shaping the future of CSR reporting.
UMW now joins this
global movement towards verified sustainability reporting by
becoming Malaysiaâs first corporate citizen to do so.
Compared to
financial reporting, sustainability reporting is still in its
infancy. The first version of the GRI guidelines was released in
2000, followed by revisions in 2002 and 2006. In 2007, there was
a total of 1,200 and growing GRI reporting organisations
globally, with the majority of companies coming from first world
countries such as USA, UK, Japan, Canada, France and Germany.
The UMW Group is an
international conglomerate that develops industries, manages
partnerships and facilitates growth. It is involved in four core
businesses - Automotive, Equipment, Manufacturing and
Engineering, and Oil and Gas.
UMW recently
unveiled its new brand which is aimed at amplifying its leading
position at home and organising itself for greater global
expansion. It will now focus on building on the strengths of its
core businesses as well as enhancing those strengths in the
global arena to further tap international opportunities.
In adopting its new
rallying call - Beyond Boundaries® â UMW is set to play a leading
role in shaping the future of its industries globally. The
Company will do this by inspiring vibrant ideas, nurturing
potential, pioneering partnerships and delivering excellence in
everything it does; the rewards of which will contribute to the
progress and well-being of all its stakeholders.
About GRI The Global Reporting
Initiative (GRI) is a multi-stakeholder process and independent
institution based in Amsterdam, The Netherlands whose mission is
to develop and disseminate globally-applicable sustainability
reporting. It is also a collaborating centre of the United
Nations Environment Programme.
GRIâs mission is to
make sustainability reporting by all organisations as routine
and comparable as financial reporting. The GRI Guidelines are
the most common framework used in the world for reporting. More
than 1,000 organisations from 60 countries use the Guidelines to
produce their sustainability reports.
The performance
indicators under the GRI-G3 reporting guidelines are broadly
categorised under Economic Performance, Environmental
Performance, Labour Practices, Human Rights, Society and Product
Responsibility. The A (+) level of certification requires
externally-assured reporting and disclosures involving 50 plus
core sectors of performance indicators.
Note: GRI
Application Level check does not represent GRI's view on the
value or quality of the report and its content. It is a
statement about the extent to which the GRI Reporting Framework
was applied. Therefore, GRI does not certify Application Level
claims nor professionally assures the quality and the contents
of the report.
UMW
Subsidiary Signs Jack-up Rig Contract Worth USD170 Million With
PCPP
Batam,
Indonesia, 12
August 2008â UMW Standard Drilling Sdn. Bhd., a joint-venture between UMW
Corporation Sdn. Bhd. and Standard Drilling ASA of Norway, today
signed a contract worth USD170 million with PCPP Operating Co
Sdn. Bhd. (PCPP) for the services related to the new
high-spec-high-efficiency, jack-up drilling rig NAGA 2.
PCPP is a joint
venture between Petronas Carigali of Malaysia, Petrovietnam
(Vietnam) and Pertamina (Indonesia).
âWe are delighted
to be working with PCPP and tapping on their unique set of
industry expertise backed by three of the regional heavyweights
in Oil & Gas,â said Mr. Zulkifly bin Zakaria, Executive
Director, Head of Oil & Gas Division, UMW Corporation Sdn
Bhd.
âThe addition of
NAGA 2 to our operations is well-timed, as we aspire to be the
leading drilling contractor and expand our fleet of drilling
rigs to cater to the increasing exploration and production
activities in the region.â
âWe are very
excited with the awarding of this contract and have already
started preparations for the operations of NAGA 2 such as
recruitment and training processes,â added Mr. Zulkifly.
Mr. Zulkifli signed
the contract on behalf of UMW Oil and Gas while PCPP Operating
Company was represented by its General Manager, Mr. Foo Wah
Yang.
NAGA 2 is a
high-spec-high-efficiency newly built rig that will be mobilised
to Block SK 305 at Offshore Bintulu, Sarawak in December this
year to spud the first exploration well in January 2009 for
warming up and then it will be assigned to the D30 oilfield to
drill seven development wells until 2010.
NAGA 2 is a symbol
of how well UMWâs Oil & Gas business has been progressing
recently, backed by global oil prices and an aggressive
expansion strategy in the face of increased exploration and
drilling activities globally.
The Oil & Gas
Division of the UMW Group was established in 2002 and was
designed to complement the upstream sector of the oil & gas
industry, through five main activities â Manufacturing of OCTG
and Line Pipes, Exploration Operations, Fabrications, Provision
of Oilfield Services and Supply of Oilfield Products.
UMWâs Oil & Gas
division started venturing into exploration operations in 2005
via a joint-venture with Japan Drilling Company to co-own and
operate NAGA 1, a semi-submersible rig. NAGA 1 is currently
leased to Petronas Carigali for twenty firm wells, with a
further option for another twenty wells which will keep it fully
utilized until 2010.
UMW
is First Malaysian Company to be Awarded A+ Rating for its
Corporate Social Responsibility Reporting for Complying with
Stringent GRI-G3 Sustainability Reporting Guidelines
Shah Alam,
Selangor 25 July 2008 â UMW Holdings Berhad was recently
awarded the prestigious Global Reporting Initiative (GRI)
Application Level A (+) Certification for its Corporate Social
Responsibility (CSR) reporting. The report was independently
audited by Bureau Veritas, the worldâs leading certification
body. With the award, UMW is the first Malaysian corporation to
comply with the stringent GRI-G3 sustainability reporting
guidelines.
GRI, a
collaborating centre of the United Nations Environment
Programme, is a multi-stakeholder independent institution based
in Amsterdam, The Netherlands, that develops and disseminates
globally-applicable sustainability reporting standards. Its
mission is to make sustainability reporting by all organisations
as routine and comparable to financial reporting.
Upon receiving the
A+ rating, Datoâ Abdul Halim Harun, Group Managing Director and
Chief Executive Officer of UMW Holdings Berhad, said: âAt UMW,
our focus has never been purely on financial performance. We
have always endeavoured to benefit all industries and the
communities in which we operate.
âTherefore, giving
back to society has always been a priority and now â with this
recognition - we are proud to set the standard yet again as the
nationâs very first to report the impact of our CSR activities
using the highest standard of reporting available.â
In todayâs more
transparent business climate, business organisations are now
being asked to provide complete and reliable information for
capital markets and societal stakeholders concerning their CSR
activities and impact. Consequently, forward-looking companies
are already broadening their horizons beyond setting financial
reporting standards as they understand the importance of
engaging globally with other stakeholders in shaping the future
of CSR reporting.
Compared to
financial reporting, sustainability reporting is still in its
infancy. The first version of the GRI guidelines was released in
2000, followed by revisions in 2002 and 2006.
In 2007, there was
a total of 1,200 and growing GRI reporting organisations
globally, with the majority of companies coming from first world
countries such as USA, UK, Japan, Canada, France and Germany.
UMW now joins this
global movement towards verified sustainability reporting by
becoming Malaysiaâs first corporate citizen to do so.
âWe have taken CSR
a step further by pracitising CR â that is, Corporate
Responsibility â throughout the UMW Group as well as in the
societies and businesses in which we have interests,â added
Datoâ Halim.
âWe realise that it
is not charitable and social acts alone that constitute
Corporate Responsibility and therefore, our approach is
multi-dimensional. Our CR focus is on four main segments â the
community, the environment, the marketplace and of course, in
our very own workplace.
âAs a result, these
initiatives are now an imperative since they are pivotal to
realising The New UMWâs goal of becoming truly world class as it
goes Beyond Boundaries®.â
The UMW Group is an
international conglomerate that develops industries, manages
partnerships and facilitates growth. It is involved in four core
businesses - Automotive, Equipment, Manufacturing and
Engineering, and Oil and Gas.
UMW recently
unveiled its new brand which is aimed at amplifying its leading
position at home and organising itself for greater global
expansion. It will now focus on building on the strengths of its
core businesses as well as enhancing those strengths in the
global arena to further tap international opportunities.
In adopting its new
rallying call - Beyond Boundaries® â UMW is set to play a leading
role in shaping the future of its industries globally. The
Company will do this by inspiring vibrant ideas, nurturing
potential, pioneering partnerships and delivering excellence in
everything it does; the rewards of which will contribute to the
progress and well-being of all its stakeholders.
About GRI The Global Reporting
Initiative or GRI is a multi-stakeholder process and independent
institution whose mission is to develop and disseminate
globally-applicable sustainability reporting. The GRIâs mission
is to make sustainability reporting by all organisations as
routine and comparable as financial reporting. The GRI Guidelines
are the most common framework used in the world for reporting.
More than 1000 organisations from 60 countries use the Guidelines
to produce their sustainability reports.
The performance
indicators under the GRI-G3 reporting guidelines are broadly
categorised under Economic Performance, Environmental
Performance, Labour Practices, Human Rights, Society and Product
Responsibility. The A (+) level of certification requires
externally-assured reporting and disclosures involving 50 plus
core sectors of performance indicators.
Note: GRI
Application Level check does not represent GRI's view on the
value or quality of the report and its content. It is a
statement about the extent to which the GRI Reporting Framework
was applied. Therefore, GRI does not certify Application Level
claims nor professionally assure the quality and the contents of
the report.
Shah Alam,
25 July 2008 â UMW Corporation Sdn. Bhd., a wholly-owned
subsidiary of UMW Holdings Berhad, today signed a Letter of
Intent (âLOIâ) with Hong Kong-based Dah Chong Hong (Motor
Service Centre) Limited (âDCHMSCâ) for the proposed setting up
of a joint venture company to manufacture and process lubricants
in China.
The proposed joint
venture company is to be established in Xinhui, Guangdong
Province China with a planned output capacity of 50 million
litres, with the potential to expand to 100 million litres of
lubricants to tap into the high growth China market.
DCHMSC is a
wholly-owned subsidiary of Dah Chong Hong Holdings Ltd, a
company listed on the Hong Kong Stock Exchange. The company is
principally involved in motor and motor-related businesses, food
and consumer products, as well as logistics services in Hong
Kong, Macau, China, Japan, Singapore and Canada.
âUMW is excited
about this venture as it is in line with our positioning of UMW
as a truly diversified company to enhance our strengths in the
global arena and further tap into international opportunitiesâ
said Datoâ Abdul Halim bin Harun, Group Managing Director and
Chief Executive Officer UMW Holdings Berhad.
âBoth UMW and
DCHMSC can leverage on our respective areas of competency,
strength and competitiveness to gain long term advantage in the
growing lubricant business in China. With regard to the
smart-partnership with DCHMSC, we are confident that it can be
further developed to explore other business opportunities that
China can offer,â he added.
UMW has vast
expertise and experience in the lubricants business through 18
years of joint venture manufacturing and marketing major
lubricant brands in Malaysia.
The UMW Group is an
international conglomerate that develops industries, manages
partnerships and facilitates growth. It is involved in four core
businesses - Automotive, Equipment, Manufacturing and
Engineering, and Oil and Gas.
UMW recently
unveiled its new brand which is aimed at amplifying its leading
position at home and organising itself for greater global
expansion. It will now focus on building on the strengths of its
core businesses as well as enhancing those strengths in the
global arena to further tap international opportunities.
In adopting its new
rallying call - Beyond Boundaries® â UMW is set to play a leading
role in shaping the future of its industries globally. The
Company will do this by inspiring vibrant ideas, nurturing
potential, pioneering partnerships and delivering excellence in
everything it does; the rewards of which will contribute to the
progress and well-being of all its stakeholders.
UMW
to Supply Diesel Engines for NGV Techâs Anchor Handling Tug
Supply Vessels
Shah Alam, 2
July 2008 â UMW Industrial Power Sdn. Bhd., a wholly owned
subsidiary of UMW CORPORATION Sdn. Bhd. has signed a Memorandum of
Understanding (MoU) with NGV Tech Sdn. Bhd. for the supply of ten
(10) units of GE Marine Engines Model 12V228 medium-speed
engines for a total value of RM 50 million.
These engines will
be used to power four units of 60 meters Anchor Handling Tug
Supply (AHTS) vessels to be built at NGV Techâs shipyard. These
new vessels have been earmarked to service the Middle East
region -- a demanding market in terms of weather, geography and
workload, which requires especially reliable and efficient
engines.
âWe are delighted
to be working with NGV Tech, one of Malaysiaâs foremost
shipbuilders to supply these cutting edge new engines,â said Mr.
Chew Chee Loon, Executive Director â Equipment Division of UMW
at the MoU signing ceremony. âGEâs diesel engines provides our
customers with increased power output, high reliability,
fuel-efficiency and are designed for the most demanding
applications. It meets the toughest emissions requirement in the
world including United States Environment Protection Agency Tier
II certification.â he explained.
GE engines serve
the power range from 1753bhp â 5685bhp and all GE diesels
feature a high capacity turbocharger, efficient combustion
system and an electronic fuel injection system.
Established in
1992, NGV Tech owns one of the largest shipyards in Malaysia,
located in Sijangkang, Selangor Darul Ehsan. Every year, NGV
Tech constructs a minimum of twelve vessels and currently its
order book has already reached RM 2.1 billion till year 2011.
âWhen we set out to
find the best fit for our 60 meters AHTS, we considered several
key points to be critical to our operation. Any engine
manufacturer we selected absolutely had to satisfy these
requirements, and thatâs why we chose GEâs reliable engines and
renowned fast delivery time to meet our needs. NGV Tech is
confident the GE engines will meet owner and design
requirements,â said NGV Tech Sdn. Bhd. Chairman, Encik Zulkifli
Shariff.â
UMW Industrial
Power forms strategic alliances with renowned multinational
manufacturers and specialists in industrial compressors, marine
engines and portable power products. The company partners with
leading multinational corporations like GE, CompAir, Cameron,
Mitsubishi and Honda. In Malaysia, it has offices in
Butterworth, Ipoh, Johor Baru, Kuantan, Kuching, Sibu and Miri.
The UMW Group is an
international conglomerate that develops industries, manages
partnerships and facilitates growth. It is involved in four core
businesses - Automotive, Equipment, Manufacturing and
Engineering, and Oil and Gas. It has operations overseas in
Singapore, Thailand, Vietnam. Myanmar, Papua New Guinea, China,
Australia, India, Turkmenistan, Indonesia, Taiwan and the Middle
East.
UMW recently
unveiled its new brand which is aimed at amplifying its leading
position at home and organising itself for greater global
expansion. It will now focus on building on the strengths of its
core businesses as well as enhancing those strengths in the
global arena to further tap international opportunities.
Malaysian Rating
Corporation Bhd. has assigned a Corporate Credit Rating (CCR) of
âAAAâ to UMW,the highest of its ratings levels.
In adopting its new
rallying call - Beyond Boundaries® â UMW is set to play a leading
role in shaping the future of its industries globally. The
company will do this by inspiring vibrant ideas, nurturing
potential, pioneering partnerships and delivering excellence in
everything it does; the rewards of which will contribute to the
progress and well-being of all its stakeholders.
UMW
Invests in Oil and Gas Fabrication Yard in Lumut, Perak
Lumut, Perak
28 June 2008 â The UMW Group, through its Oil & Gas
Division, will participate in a 70% joint venture with DKLS Oil
& Gas Sdn. Bhd. (formerly known as DKLS Homefields Sdn. Bhd.), a
wholly-owned subsidiary of DKLS Industries Berhad, for the
setting up of an oil and gas fabrication yard in Lumut, Perak.
The waterfront
yard, located at the Lumut port, is expected to be completed
before the end of the year at a total initial cost of
approximately RM100 million. The development of the yard will be
carried out in phases, and should be fully set up in 3 to 4
yearsâ time. The project will involve the construction and
fabrication of key oil and gas industry structures in support of
UMW Oil & Gasâ operational expansion into the global market.
The total land area
for the facility, including the load-out wharf, is approximately
42 acres. When fully operational, the yard is expected to
provide employment for up to 800 people.
âOur new
construction and fabrication facility in Lumut will further
strengthen UMWâs global position and growing reputation as a
leading provider of the oil and gas industryâs ancillary
products and services,â said Tan Sri Asmat Kamaludin, Group
Chairman, UMW Holdings Berhad at the groundbreaking ceremony for
the fabrication yard today. âAs our business involves
fabrication of large structures, these structures cannot be
transported by road or rail upon completion. They will be loaded
onto barges and transported by sea. The close proximity of Lumut
to the Straits of Melaka is a great advantage for us.â
The UMW Oil &
Gasâ fabrication yardâs groundbreaking ceremony was officiated
by the Menteri Besar of Perak, YAB Datoâ Seri Ir. Hj Mohammad
Nizar Jamaluddin.
UMWâs oil and gas
business has been progressing extremely well, backed by the
higher oil prices and an aggressive expansion strategy in the
face of increased exploration and drilling activities globally.
UMW Oil & Gasâ
support services for the industry complements the robust
upstream activities through five main business activities: the
manufacture of Oil Country Tubular Goods (OCTG) and line pipes,
exploration operations, fabrication, provision of oilfields
services, and supply of oilfield products.
âSince its
inception in 2002, our Oil and Gas Division has forged ahead
with a number of exciting new ventures, and has become an
important contributor to the UMW Groupâs earnings, with
operations in 11 countries in the Asia-Pacific region.â
UMWâs venture into
fabrication operations started in 2006 when it acquired VINA
Offshore Holdings Pte Ltd, which has operations in Singapore and
Vietnam. VINAâs fabrication and engineering complex in Vung Tau,
Vietnam, is strategically located at the water edge, with 1,000
ton skid way for loading-out purposes.
This was followed
by the acquisition of Helmsion Engineering Pte Ltd of Singapore
in 2007. Helmsion specialises in the design, procurement,
fabrication, modification, installation and marketing of a wide
range of cranes, hoist and other lifting equipment for the
industrial automation and control markets in the Asia-Pacific
region.
To further
strengthen its fabrication business, UMW acquired Offshore
Construction Services Pte Ltd of Singapore (OCS), earlier this
year. OCS has established a strong presence in the fabrication
business and has extensive experience in a wide variety of
fabrication works.
In Malaysia, aside
from the soon-to-be-completed fabrication yard in Lumut, UMW Oil
& Gas has established a fabrication and coating plant in
Kemaman, Terengganu.
The UMW Group is an
international conglomerate that develops industries, manages
partnerships and facilitates growth. It is involved in four core
businesses - Automotive, Equipment, Manufacturing and
Engineering, and Oil and Gas.
UMW recently
unveiled its new brand which is aimed at amplifying its leading
position at home and organising itself for greater global
expansion. It will now focus on building on the strengths of its
core businesses as well as enhancing those strengths in the
global arena to further tap international opportunities.
Malaysian Rating
Corporation Bhd. has assigned a Corporate Credit Rating (CCR) of
âAAAâ to UMW, the highest of its ratings levels.
In adopting its new
rallying call - Beyond Boundaries® â UMW is set to play a leading
role in shaping the future of its industries globally. The
company will do this by inspiring vibrant ideas, nurturing
potential, pioneering partnerships and delivering excellence in
everything it does; the rewards of which will contribute to the
progress and well-being of all its stakeholders.
UMW Announces
Excellent First Quarter 2008 Results
Shah
Alam, 23 May 2008 â The UMW Group today announced a 109%
increase in group profit before tax to RM292.9 million for the
first quarter ended 31 March 2008. Improved margins from volume
and sales mix, favourable foreign exchange rates and higher
contributions from associated companies, resulted in the higher
Group profit before taxation.
Group revenue of RM2,985.1 million for the first quarter
ended 31 March 2008 was higher than the RM2,012.0 million
registered in the preceding yearâs corresponding quarter by
48.4% or RM973.1 million. Higher sales of Toyota vehicles
resulted in the increase in revenue for the quarter.
Net profit
attributable to the equity holders of the Company for the first
quarter ended 31 March 2008 increased from the RM80.3 million
recorded in the preceding yearâs corresponding quarter to
RM141.8 million, an increase of RM61.5 million or 76.6%.
Combined Toyota and Perodua vehicle sales of 68,654 units
represented 52.5% of the total industry volume of 130,851 units
for the quarter ended 31 March 2008, as reported by the
Malaysian Automotive Association.
âI am pleased with
the first quarter performance which overall has seen tremendous
growth from last yearâs first quarterâ, said Datoâ Abdul Halim
Harun, UMW Group Managing Director & Chief Executive
Officer. âOur Automotive Division was the star performer this
quarter. That being said, our traditional businesses like
Equipment and Manufacturing & Engineering have also shown
positive signs with double digit growthâ.
The UMW Board expects the performance of the group for
the rest of 2008 to continue to be satisfactory. Although the
automotive sector is very competitive, demand for Toyota and
Perodua vehicles is expected to be maintained at current levels
due to positive consumer response to our recently-launched
models.
Rising crude oil
prices provide a favourable platform for global oil majors to
increase their exploration and production activities as well as
to upgrade their existing facilities. Thus, demand for products
and services related to the Oil & Gas industry, particularly
from the exploration and production sectors, is expected to be
positive. Demand for heavy and industrial equipment is expected
to be sustained, particularly from the ongoing construction,
mining and logging activities.
Concerns on
inflation and escalating cost of consumer goods may affect
customer sentiment in the second half of this year. However, the
Groupâs strategy to enhance revenue and profit from overseas
investments is expected to mitigate any shortfall that may arise
from domestic profitability.
UMW Exercises Option to Co-Own another
Jack-Up Rig
Shah
Alam, 18 April 2008 â UMW today announced that its wholly-owned
subsidiary, UMW Naga Two (L) Ltd has exercised the call option
granted by Standard Drilling Far East Pte Ltd (âSDFEâ) on 31
January 2007 to jointly own a jack-up drilling rig with Standard
3 Pte Ltd (âSD3â) which is scheduled to be completed by July
2009. SD3 is a wholly-owned subsidiary of SDFE, and is
incorporated in Singapore. UMW Naga Two has nominated UMW
Naga Three to purchase 51% equity interest in SD3 at an option
price of USD40,785,000.
With this
acquisition, UMW will now co-own two jack-up drilling rigs, one
semi-submersible drilling rig and three hydraulic workover rigs.
These rigs are expected to command favourable day rates and
utilisation levels, given the growing demand for offshore
exploration and development activities in Malaysia and the
region. UMW also reinforces its position as the largest owner of
drilling rigs in Malaysia.
The co-ownership of
this second jack-up drilling rig is expected to enhance UMWâs
oil and gas profitability as it becomes fully operational in the
latter part of 2009. The oil and gas division which started only
5 years ago, now contributes almost a quarter of the Groupâs net
profits.
UMWâS PBT Jumps 52%
To Rm300.9 Million â Another Record (Updated)
Shah
Alam, 28 February 2008 â The UMW Group today
announced that its Group profit before taxation for the
fourth quarter ended 31st December 2007 was RM300.9
million. This was RM102.9 million or 52.0% higher than the
RM198.0 million registered in the same quarter of 2006, and
resulted from improved margins and favourable foreign exchange
rates, coupled with higher contributions from associated
companies.
As a result of the
above, net profit attributable to equity holders of the Company
for the fourth quarter ended 31st December 2007 increased from
the RM91.8 million recorded in the preceding yearâs
corresponding quarter to RM137.2 million, an increase of RM45.4
million or 49.5%.
Group revenue of
RM2,678.4 million for the fourth quarter ended 31st December
2007 was slightly higher than the RM2,582.9 million achieved in
the preceding yearâs corresponding quarter by RM95.5 million.
The higher revenue was the net result of improved sales from
both the Automotive and Equipment segments.
Group revenue of
RM9,964.8 million for the year ended 31st December 2007 was
marginally higher than the RM9,950.5 million registered in 2006
by RM14.3 million. The Automotive and Equipment segments
contributed to the increase in Group revenue for the
year.
Group profit before
taxation of RM841.6 million for the year ended 31st December
2007 was higher than the RM754.3 million registered in 2006 by
RM87.3 million or 11.6%. Favourable foreign exchange rates,
improved margins from volume and sales mix and higher
contribution from associated companies also contributed to the
higher Group profit before taxation.
Net profit
attributable to equity holders of the Company for the year ended
31st December 2007 increased to RM463.4 million from the RM305.9
million registered in 2006, an increase of RM157.5 million or
51.5%. The improved performance came from the Equipment
and Automotive segments, and higher net profit contributions
from the overseas oil and gas associated companies.
Total Toyota and
Perodua vehicle sales of 242,568 units represented 49.8% of the
total industry volume (âTIVâ) of 487,176 units for the year
ended 31st December 2007, as reported by the Malaysian
Automotive Association (âMAAâ).
On the UMW Groupâs
current prospects, Datoâ Abdul Halim Harun, Group Managing
Director & CEO said, âThe Malaysian Government has
forecasted the economy to grow by about 6% in 2008 through
anticipated private and government-initiated economic
activities. MAA has also forecasted the TIV for motor vehicles
for the year 2008 to be 510,000 units, an increase of 4.7% over
the 487,176 units registered in 2007. The introduction of new
models and current competitive pricing are factors expected to
sustain the current strong buying interest.â
He further stated
that demand for heavy and industrial equipment is anticipated to
continue to be strong, particularly from the construction
sector, due to activities in the various development corridors
as announced by the Government. The plantation sector is
expected to perform well in view of the continued favourable
palm oil prices.
As the current high
crude oil prices are expected to continue in the foreseeable
future, demand for products and services related to the Oil and
Gas industry, particularly to the exploration and production
sectors, is likely to be positive.
Barring unforeseen
circumstances, the Group is expected to achieve a favourable
performance level for the year 2008,â he added.
The Board has
recommended a final gross dividend of 28.0 sen per share of
nominal value RM1.00 each (equivalent to 14.0 sen per share of
nominal value RM0.50 each after the share split) less 26% income
tax, amounting to approximately RM111.5 million net dividend,
for the year ended 31st December 2007 (2006 - 13.5 sen per share
less 27% income tax, amounting to RM51.9 million net dividend),
to be paid on 5th August 2008. The annual gross dividend
based on per share of RM1.00 each for the year ended 31st
December 2007 would be 60.0 sen per share less 27% or 26% income
tax, amounting to approximately RM237.5 million of net dividend
(2006 - 41.0 sen per share less 28% or 27% income tax, amounting
to a net dividend of RM153.9 million). This is in line
with the Groupâs announcement of its dividend policy of an
annual dividend payout ratio of 50% of net profit attributable
to shareholders.
Two changes in the
composition of the Group took place during the quarter ended 31
December 2007. Firstly, on 9th November 2007, PFP
Singapore Pte. Ltd., a 75%-owned subsidiary of PFP (Aust)
Holdings Pty. Ltd., which is in turn wholly-owned by PFP
Holdings Proprietary Limited, a 60%-owned subsidiary of UMW,
received the certificate for the establishment of a new company
known as PFP (Shenzhen) Piping Materials Co., Ltd. (âPFP
Shenzhenâ) in Shenzhen, the Peopleâs Republic of China. The
intended principal activity of PFP Shenzhen is pipe cladding*.
The initial issued and paid-up capital is USD200,000.
Secondly, on 4th
December 2007, UMW India Ventures (L) Ltd., a 65%-owned
subsidiary of UMW Petropipe, which is in turn wholly-owned by
UMW, incorporated a wholly-owned subsidiary known as UMW Sher
(L) Ltd. (âUMW Sherâ) in Wilayah Persekutuan Labuan. The
intended principal activity of UMW Sher is to provide contract
drilling and engineering services for the oil and gas industry
and leasing of drilling rigs and vessels. The initial issued and
paid-up capital is USD1.00.
On 13th November 2007,
WSP Holdings Limited (âWSP Holdingsâ), a 30.6%-owned associated
company of UMW, made a public filing of its registration
statement on Form F-1 with the U.S. Securities and Exchange
Commission, relating to an initial public offering of American
Depositary Shares (âADSâ) representing ordinary shares. The ADS
were listed on the New York Stock Exchange on 6th December 2007
(New York Time). The effective shareholding of UMW in WSP
Holdings was diluted from the original 30.60% to 22.95% on 11th
December 2007 and was further diluted to 22.30% on 9th January
2008 due to the issuance of new WSP Holdings shares, pursuant to
the listing of ADS and the exercise of the over-allotment option
by the underwriters, respectively. The above listing was
ratified by UMW shareholders at an Extraordinary General Meeting
(âEGMâ) held on 4th February 2008.
*The intended
principal activity of PFP Shenzhen is the import and export of
piping materials.
UMW
To List O&G Division UMW
Shareholders To Benefit From Capital Distribution of 138.4
Million Share
Shah
Alam, 28 February 2008 - UMW today announced the proposed
listing of its Oil and Gas Division on the Main Board of Bursa
Malaysia Securities Berhad via a newly incorporated investment
holding company, UMW Oil & Gas Berhad (âUMW O&Gâ), upon
the completion of an internal restructuring. This
re-structuring involves the proposed acquisition by UMW O&G
of selected oil and gas companies held by the UMW Group and
other vendors and also a proposed renounceable rights issue.
UMWâs shareholders
will benefit from a Capital Distribution exercise of 138,385,167
UMW O&G shares which will be distributed on the basis of one
UMW O&G share for every eight existing ordinary shares of 50
sen each in UMW.
Upon completion of
the Internal Restructuring, UMW O&G proposes to undertake a
public issue of 250 million new UMW O&G shares at an issue
price to be determined later. The enlarged issued and
paid-up share capital of UMW O&G will be 1.2 billion shares,
with an expected market capitalisation of more than RM1.5
billion.
UMW Group Managing
Director & Chief Executive Officer, Datoâ Abdul Halim Harun
said, âOur Proposed Public and Renounceable Rights Issues are
expected to raise approximately RM425 million in gross proceeds
which shall accrue entirely to UMW O&G. The proceeds
will be utilised for the settlement of inter-company balances,
repayment of bank borrowings, working capital purposes as well
as to defray the listing expenses. From the total proceeds
raised, UMW is expected to receive RM99.4 million arising from
the settlement of the inter-company balances by the UMW O&G
Group. â
Most of the
companies in UMWâs Oil & Gas Division are currently held
under two of the Groupâs wholly-owned subsidiaries, UMW
Corporation Sdn. Bhd. and UMW Petropipe (L) Ltd. The Oil and
Division was established in 2002 to diversify the Groupâs
earnings reliance on motor related and industrial equipment
activities.
Datoâ Abdul Halim
said, âSince its inception, our Oil and Gas Division has forged
ahead with a number of exciting new ventures, and has become an
important contributor to the UMW Groupâs earnings.
Revenue from the Oil and Gas Division has experienced a robust
growth, from RM42.1 million in 2004 to RM1.5 billion in 2006.â
He added, âThe
Proposed Listing is expected to raise the profile of UMW O&G
in the oil and gas industry and hence, further strengthen its
global position. This will enhance UMW O&Gâs
reputation as a leading provider of supporting specialised
products and services regionally and globally with its enhanced
capabilities. Moreover, the Proposed Listing is timely so
as to provide direct access to the capital market for funds to
finance UMW O&Gâs future expansions and continued growth.â
New UMW to Enhance Core Businesses, Set
For Greater Global Expansion
Kuala
Lumpur, 29 January 2008 - Bursa Malaysia main board listed
UMW Holdings Berhad (UMW) today unveiled its new brand which is
aimed at amplifying its leading position at home and organizing
itself for greater global expansion.
UMW, which has just
completed a comprehensive re-branding exercise, will now focus
on building on the strengths of its core businesses -
automotive, equipment, manufacturing and engineering and oil and
gas â as well as enhancing those strengths in the global arena
to further tap international opportunities.
At a media briefing
to announce The New UMW today, Group Managing Director and CEO,
Datoâ Dr Abdul Halim Harun said:
âUMW has a proud
and vibrant history. We are an international conglomerate that
develops industries, manages partnerships and facilitates growth
in the automotive, equipment, manufacturing and engineering, and
oil and gas industries.â
âWe are re-branding
because we feel that our growth in recent years has been quite
spectacular not only in terms of financial growth but also in
our core businesses and in the many countries in which we have
operations.â
âWe need to reflect
this position in our brand as we believe this is the right time
to amplify our pole position at home while organizing ourselves
for even greater global expansion. We want to reflect a truly
world class brandâ.
Datoâ Dr Halim also
emphasised that The New UMW will continue to be guided by the
four beliefs that have served the conglomerate well over the
years i.e. being honourable, vibrant, unshakeable and
pioneering.
One of the
significant features of The New UMW is the new vibrant logo. The
design of the new logo is dynamic, symbolising fluid movement,
the vibrant character of UMW and its people who can respond
quickly and positively to ever-changing market conditions. The
capital letters signify UMW's stability and leading status.
Commenting on the
âBeyond Boundariesâ theme of The New UMW, Datoâ Dr Halim said:
âGoing Beyond
Boundaries® is not only about crossing geographical or physical
borders. It is also about redefining the boundaries in our minds
and doing new things in a better way. It is about eliminating
all barriers and achieving new heights.â
âWe will go Beyond
Boundaries® by playing a leading role in shaping the future of
our industries globally. We will do this by inspiring vibrant
ideas, nurturing potential, pioneering partnerships and
delivering excellence in everything we do; the rewards of which
will contribute to the progress and well-being of all our stake
holdersâ.
UMWâS Rolling Mill in
India to Produce 300,000 Metric Tones Tubular Pipes
Andhra
Pradesh, India, 16 November 2007 - The UMW Group has been
actively expanding its geographical market in recent times,
especially in the oil and gas industry. Having left its mark in
China where it has been extremely successful in its oil and gas
ventures, UMW is now strengthening its base in India.
Shri S. Jaipal
Reddy, Honourable Union Minister for Urban Development,
Government of India today officiated the ground-breaking
ceremony (or âbhoomi pujaâ) of a rolling mill, a joint venture
between UMW and the widely diversified Kamineni Group. The
ceremony was witnessed by distinguished senior Indian Government
Ministers and the UMW Holdings Board.
In July this year
UMW invested in the public-listed Oil Country Tubular Limited.
UMW also signed an agreement with United Steel Allied Industries
Pvt. Ltd., to set up United Seamless Tubulaar Ptv. Ltd. (USTPL).
Upon completion in June 2009, the mill would be capable of
producing 300,000 metric tones of tubular pipes annually. The
Indian petro-chemical sector, which has one of the largest
refinery capacities in the world, promises a lucrative market
for UMW.
Steeped in Indian
tradition and amidst a myriad of vibrant colours, the
ground-breaking ceremony was performed to commemorate the
setting up of USTPL rolling mill in India. The mill will
manufacture seamless tubular pipes for both OCTG and industrial
applications by USTPL, which is a joint venture company between
UMW and United Steel Allied Industries Pvt. Ltd.
UMW Group Chairman,
Tan Sri Asmat Kamaludin, in his speech at the ground-breaking
ceremony said, âWith our strategic business alliances and an
aggressive expansion plan, within a short period of time, we
have become a recognized player in the oil & gas industry in
Malaysia. Internationally, we have expanded our business
operations to 11 countries, establishing 5 pipe manufacturing
and coating facilities in China. We hope to replicate our China
success in India.â
UMW marked its
venture into India in 2006 by investing in Multicoat Coating
Technologies Pvt. Ltd., a coating company in Kolkata.
UMW has already
established its regional office in Mumbai.
The Kamineni Group
is well established in India. It has diversified interests in
engineering, healthcare, education, life sciences, manufacturing
and infrastructure. Its founder and Managing Director of Oil
Country Tubular Limited, Mr Suryanarayana Kamineni is a
well-known philanthropist in India.
UMW has been
extremely successful in its overseas ventures, largely due to
its strategic partnerships with global companies.
UMW Announced A 57%
Jump in 3Q Net Profit Attributable To Shareholders
Shah
Alam, 15 November, 2007 â The UMW Group today announced a
higher group revenue of RM2,769.7 million for the third quarter
ended 30 September 2007, an increase of RM241.4 million over the
RM2,528.3 million achieved in the preceding yearâs corresponding
quarter. The higher revenue was the result of improved sales
from both the Automotive and Equipment segments.
In line with the
higher Group revenue, Group profit before taxation for the
quarter ended 30 September 2007 increased to RM232.6 million
from the RM203.3 million registered in the same quarter of 2006
by RM29.3 million or 14.4%.
Net profit
attributable to equity holders of the Company for the quarter
ended 30 September 2007 improved from the RM88.6 million
recorded in the preceding yearâs corresponding quarter to
RM139.1 million, an increase of RM50.5 million or 57.0%.
Group revenue of
RM7,286.4 million for the nine months ended 30 September 2007
was marginally lower than the RM7,367.6 million registered in
the same period of 2006 by RM81.2 million or 1.1%. Whilst higher
revenue was recorded by both the Automotive and Equipment
segments, the non-consolidation of the revenue of Wuxi Seamless
Oil Pipe Co., Ltd., which became an associated company of UMW
effective 16 November 2006, resulted in lower Group revenue for
the current period.
For the same
reason, Group profit before taxation for the nine months ended
30 September 2007 of RM540.7 million was marginally lower than
the RM556.3 million registered in the same period of 2006 by
RM15.6 million or 2.8% despite higher profit contributions from
the Automotive and Equipment segments.
However, net profit
attributable to equity holders of the Company for the nine
months ended 30 September 2007 increased to RM326.2 million from
the RM214.1 million registered in the same period of 2006, an
increase of RM112.1 million or 52.4%. Improved performance of
the Equipment and Automotive segments coupled with higher profit
contributions from our Oil & Gas companies resulted in the
higher net profit.
Total Toyota and
Perodua vehicle sales of 182,274 units represented 50.9% of the
Total Industry Volume of 358,234 units for the nine-month period
ended 30 September 2007, as reported by the Malaysian Automotive
Association.
With the
introduction of new models by Toyota and Perodua, demand for our
motor vehicles for the fourth quarter is expected to stay at a
level similar to the third quarter, although total industry
volume is forecasted to be lower this year versus the preceding
year. The Oil &Gas sector remains strong with the escalating
crude oil prices, resulting in more new investments undertaken
by major oil companies. The Industrial and Heavy Equipment
sectors continue to be robust with the increased industrial,
construction, logging and mining activities. In addition, the
favourable exchange rates have lowered our importation cost of
products and components.
Based on the above
outlook, the Board expects the financial performance of the
Group to be better than that of the previous year and to exceed
the Group internal revenue and profit targets for the financial
year ending 31 December 2007.
Shah
Alam, 21 August 2007 - UMW Industrial Power Sdn. Bhd. , a
wholly-owned subsidiary of UMW Holdings Berhad and the sole
distributor of Honda Power Products and Outboards since 1969
today launched its range of inverter EU series of silent
generators, specially featuring the All-New EU65is 6.5kVA
generator.
The launching was
officiated by Executive Director, UMW Industrial Equipment
Group, Mr Kuah Kock Heng and Mr Tomohiro Okada, representative
from Honda Motor Co., Ltd. , Japan.
With Hondaâs
cutting edge design and technology, Honda EU series are the new
generation of generators that are Environmentally Friendly,
Compact, Lightweight, Portable and Quiet. The uniquely designed
âEco-Throttleâ ensures longer continuous operation with superior
fuel economy.
Its range starts
from the lightest space-age designed EU10i, a 1kVA generator
weighing at just 13kg. The EU20i is a 2kVA generator weighing at
just 21kg and the EU30is, a 3kVA generator, weighs at just 59kg.
The flexibility of it all is that these generators (of same
model) can be easily parallel linked to double up the power
output requirement.
The EU65is is
designed for high quality electricity output with a clean
waveform that is less than 2.5% distortion, which is suitable
even for highly sensitive electronic equipment. It operates at
an impressive noise level of only 60dB(A), much lower than the
conventional types which operates at more than 70dB(A). In terms
of weight, the EU65is is 35% lighter than its predecessor and
comes with user friendly feature, i-Monitor, for quick display
operation status and provides easy diagnosis.
UMW Industrial
Power forms strategic alliances with renowned multinational
manufacturers and specialists to provide power solutions to its
customers.
Apart from Honda
power products and Marine Outboard engines, UMW Industrial Power
also represents CompAir Industrial Compressors, Cameron
Turbocompressors, Mitsubishi and GE Industrial and Marine
Engines. It has branches throughout West and East Malaysia.
UMW
Records 71.2% Jump in Profit Attributable To Equity Holders
Shah
Alam, 17 August 2007 â The UMW Group today announced a net
profit attributable to equity holders of the Company of RM106.8
million for the 2nd quarter ended 30 June 2007, a significant
71.2% or RM44.4 million higher than the RM62.4 million achieved
in the preceding yearâs corresponding quarter. Improved
performance in the Automotive and Equipment segments, and higher
contributions from associated companies resulted in the net
profit growth.
Group profit before
taxation of RM167.8 million for the quarter ended 30 June 2007
was RM24.2 million or 12.6% lower than the RM192.0 million
recorded in the preceding corresponding quarter. This was
because Wuxi Seamless Oil Pipe Co., Ltd. (WUXI) became an
associate company of the Group in the last quarter of 2006,
where previously it was a subsidiary, pursuant to a pre-listing
restructuring exercise. Accordingly, WUXIâs profit before
taxation was not consolidated.
Group revenue of
RM2,504.7 million for the second quarter ended 30 June 2007
improved over the 2007 first quarter revenue of RM2,012.0
million by RM492.7 million or 24.5%. Similarly, the second
quarter Group net profit attributable to equity holders of
RM106.8 million was higher than the RM80.3 million recorded in
the first quarter of 2007. Higher revenue and profit achieved by
all the core business segments of the Group accounted for the
increase in both Group revenue and net profit.
Net profit
attributable to equity holders of the Company for the six months
ended 30 June 2007 improved to RM187.1 million from the RM125.5
million registered in the same period of 2006, an increase of
RM61.6 million or 49.1%. Group profit before taxation for the
six months ended 30 June 2007 of RM308.1 million was lower by
RM44.9 million or 12.7% from the RM353.0 million registered in
the same period of 2006. Improved performance of the Equipment
segment and the increase in profit contributions from associated
companies resulted in the higher net profit.
Total Toyota and
Perodua vehicle sales of 112,479 units represented 51.0% of the
Total Industry Volume of 220,739 units for the six-month period
ended 30 June 2007, as reported by the Malaysian Automotive
Association.
The Board expects
the performance of the Group to continue to be satisfactory. The
Oil & Gas sector remains strong with active exploration and
development drilling activities undertaken by major oil
companies. The Industrial and Heavy Equipment sectors continue
to be robust with the increased industrial, construction,
logging and mining activities. In addition, the favourable
exchange rates have lowered the Groupâs importation costs of
products and components. The demand for motor vehicles is
expected to improve in the second half of the year with the
introduction of new models although Total Industry Volume is
forecasted to be lower this year versus the preceding year.
UMW
Announces Acquisition Of 14.9% Equity Interest in Indian Listed
Company
Shah
Alam, 24 July 2007 â UMW today announced that its
subsidiary, UMW India Ventures (L) Ltd. (UMW India), has
completed a transaction with ICICI Securities Ltd., for the
acquisition of 6,599,100 ordinary shares of INR10 each, which
represents approximately 14.9% of the total issued and paid-up
share capital of Oil Country Tubular Limited (OCTL) for a total
cash consideration of INR493,612,680 or approximately RM41.96
million.
OCTL is a public
company listed on the Bombay Stock Exchange and the National
Stock Exchange (India), with a registered office located in
Hyderabad. It is the only finishing mill in India producing a
wide range of Oil Country Tubular Goods, including casings,
tubings, drill pipes, drill collars and rotary subs and cross
overs.
Currently, OCTL
purchases its green pipes locally in India as well as imports
from overseas to meet its operational needs. However, upon
completion of the construction of a seamless tubular plant at
Andhra Pradesh, India by United Seamless Tubular Private Limited
(USTPL), OCTL is expected to be a major customer of USTPL. As
announced recently, USTPL will eventually be a 50%
jointly-controlled entity owned by UMW India and United Steel
Allied Industries Private Limited, and will be involved in the
manufacture of seamless tubular green pipes for both Oil &
Gas and industrial applications. Strategic location and close
proximity of both OCTL and USTPL will contribute synergistic
benefits to both companies.
Shah
Alam, 18 July 2007 - Datoâ G. Palanivel, Deputy Minister,
Ministry of Women, Family & Community Development today
witnessed the signing of the transfer of 8-acres of UMW land in
Serendah, valued at RM2.0 million, as compensation to ex-workers
of the New Serendah Estate, through RV Global Sdn. Bhd., which
acts as a legal entity to represent the ex-workers.
The Transfer
Agreement was signed by Datoâ Dr Abdul Halim Harun, UMW Group
Managing Director & CEO and En Meor Mohar Azhar Abd Ghani,
Executive Director, on behalf of UMW Corporation Sdn. Bhd., whilst
Mr A Ramarao and Mr A Kohilan Pillay, Managing Director and
Director, respectively, signed on behalf of RV Global Sdn. Bhd..
Also present at the
ceremony were Tan Sri Asmat Kamaludin, UMW Group Chairman,
senior MIC officials, representatives of New Serendah Estate and
senior management of UMW Group.
When UMW acquired
the New Serendah Estate Land from the Selangor State Government
in 1992, there were 136 ex-estate workers occupying the workersâ
quarters on UMWâs land. On compassionate grounds, UMW allowed
them to continue staying at the quarters with free water supply
and subsidized electricity.
Over the years, UMW
went through numerous discussions and negotiations with
representatives of the New Serendah Estate and other related
parties, on how best to compensate the 136 ex-estate workers who
were affected by UMWâs purchase of the Serendah land.
In August 2006, the
UMW Holdings Board of Directors approved a proposal to transfer
the 8-acres of land to RV Global Sdn. Bhd., which will act for the
interest of the 136 ex-estate workers. RV Global will undertake
to further sub-divide the land for the construction of houses,
as well as build a community hall and a playground for the
ex-estate workers and their families.
In his speech on
behalf of UMW Corporation, En Meor Mohar Azhar Abd Ghani said,
âYB Datoâ Palanivel, in his capacity as the Hulu Selangor Member
of Parliament, has been instrumental in enabling UMW Corporation
and the ex-workers of Syarikat Ladang New Serendah Estate to
reach a mutually agreeable solution to resolve this particular
issue. In spite of his tight work schedule, as a Deputy Minister
and a member of Parliament, he has made the time to ensure that
this amicable settlement is made possible.â
He added, âOn UMWâs
part, the transfer of the land to RV Global signifies the
fulfillment of our social responsibility to the Serendah
ex-estate workers community. We are glad that the parties
concerned have been able to resolve all related issues
amicably.â
UMW
Employees to Graduate from SEGi College & University Of
Sunderland, UK
Shah
Alam, 21 June 2007 â YB Datuk Ong Tee Keat, Deputy Minister of
Higher Education today witnessed the signing of agreement
between UMW & SEG International Berhad (SEGi) and officially
launched the UMW Executive Diploma In General Management (EDGM)
Programme in Shah Alam for UMW employees.
The collaboration
between UMW & SEGi will focus on the development of
potential rank and file UMW employees who do not have tertiary
education but now holding a Supervisor or Executive position.
This programme is also developed for those who possess tertiary
education but not in line with their current job functions.
Successful participants of the programme will receive a diploma
from UMW, SEGi College and the University of Sunderland, UK, an
articulation partner of SEGiâs. A total of 24 employees have
registered for the 9-12 month programme which commences in June
2007. Classes will be conducted once every 2 months at the
college or off-campus venue for the residential programme and
the duration of each session is between 5-6 days. Employees from
Sabah and Sarawak will be flown-in to attend the programme at
SEGi campus in Petaling Jaya.
The 8-modules
programme will cover topics such as International Business,
Business Management, Principles of Marketing, Human Resource
Management, Financial Management, Negotiation and Decision
Making, Business Research and a Graduation Project. Participants
are required to complete the Graduation Project by the end of
the modules by submitting a dissertation of between 5,000 and
7,000 words. The UMW employees pursuing the EDGM will graduate
in March-April next year and will be bonded to UMW for 3 years.
Datoâ Dr. Abdul
Halim Harun, UMW Group Managing Director and Chief Executive
Officer in his welcoming remarks said âThe EDGM Programme is the
latest manifestation of UMWâs strategic, structured and
continuous development programme that aims to enhance the skills
and knowledge of our workforce. At the same time, it serves to
promote life-long learning amongst UMW employees, something that
is fully supported by the UMW management.â
YB Datuk Ong in his
speech praised UMW for taking positive measures to promote and
support adult learning and the acquisition of skills and
knowledge amongst its employees. He added the step taken by UMW
is in line with the Governmentâs resolve to enhance the human
capital quality.
SEGi College is one
of the largest higher education and training providers in the
country. It currently serves more than 13,500 students at its
six campuses in Subang Jaya, Kuala Lumpur, Petaling Jaya, Penang
and Kucing. It offers a wide range of programmes of certificate,
diploma and degree levels. Students at SEGi have the opportunity
to pursue their studies in various disciplines from business and
accountancy, engineering and IT, creative arts and design, early
childhood education to nursing, American Degree Programmes to
Hotel & Tourism management, life sciences and professional
courses. SEGi also offers the popular Master of Business
Administration (MBA) programme in collaboration with the
University of Southern Queensland Australia.
Financials:
UMW Announces Higher Profit Attributable To Equity Holders
Shah
Alam, 16 May 2007 â The UMW Group today announced an
increase in net profit attributable to the equity holders of the
Company for the first quarter ended 31 March 2007. The increase
from RM63.1 million to RM80.3 million, an increase of 27.3%, was
due to improved performance of and contributions from the
Equipment and Oil & Gas segments.
Group revenue of
RM2,012.0 million for the first quarter ended 31 March 2007 was
lower than the RM2,346.6 million registered in the preceding
yearâs corresponding quarter by 14.3% or RM334.6 million. This
was mainly due to lower vehicle sales and the deconsolidation of
the financial statements of Wuxi Seamless Oil Pipe Co., Ltd.
from 15 November 2006, when it became a 30.6%-owned associated
company of the Group. Correspondingly, the Group recorded a
lower profit before taxation of RM140.3 million compared to
RM161.0 million achieved in the preceding corresponding quarter,
reflecting a decrease of RM20.7 million or 12.9%.
Combined Toyota and
Perodua vehicle sales of 51,483 units represented 49.0% of the
total industry volume of 104,950 units for the first quarter of
2007, as reported by the Malaysian Automotive Association.
The Board expects
the performance of the Group for 2007 to be satisfactory with
the anticipated improvement in net profit contributions from the
Oil & Gas and Equipment segments. In addition, the
contribution from the Automotive segment is forecasted to be
higher in the second half of the year, with the anticipated
increase in motor vehicle sales.
UMW
Industries Introduces âGreen Cleaningâ New Tennant M20
Single-System Scrubber- Sweeper with FloorSmart
Shah
Alam, 30 March 2007 â UMW Industries (1985) Sdn. Bhd. (âUMW
Industriesâ) a wholly-owned subsidiary of UMW Holdings Berhad
has introduced Tennantâs revolutionary M20 Scrubber-Sweeper, the
cleaning industryâs first-ever integrated, single-system
scrubber-sweeper. The newest addition to the companyâs
impressive portfolio of industrial products was unveiled during
a âGreen Cleaningâ Seminar organised at UMWâs corporate office
in Shah Alam on 29 March 2007.
The M20 is the only
industrial floor cleaning machine that eliminates the complexity
of traditional sweeper-scrubbers by combining a scrubber and a
sweeper into a single system called FloorSmart⢠with a
high-capacity, high-dump hopper and dry dust control, allowing
the M20 to deliver superior cleaning results at a dramatically
lower total cost of ownership. The M20 is an easy-to-use,
simple-to-maintain integrated scrubber-sweeper with dramatically
fewer moving parts resulting in more uptime, less downtime, and
the maximum in long-life productivity.
âTennant Company
has a proud history of developing new cleaning technologies that
meet our industrial customer's needs. The Tennant M20 continues
this legacy,â said Lee Chong Kuan, Assistant General Manager of
UMW Industries. âThe M20 comes with outstanding cleaning
performance that lowers our customer's total cost of ownership.
It is a perfect choice for food & beverage factories,
automotive plants, warehouses and also the building service
contractors that need easy-to-use and hygienic machines. With
the launch of the Tennant M20, we aim to increase our current
share to 50% in Malaysian industrial cleaning equipment market
".
The new Tennant M20
innovations includes among others the FaSTÂŽ (Foam-activated
Scrubbing Technology)â a patented system that is safer for the
environment as it uses 70% less water and 90% less detergent. It
increases productivity by running up to 3 times longer than
conventional scrubbing.
Mr Ian Holt, Area
Manager / Trainer of Tennant Company, USA was the speaker for
the Green Cleaning seminar. He shared the latest trends and
insights on âGreen Cleaningâ, the importance of âGreen Cleaningâ
especially with global warming, rising energy prices and
environmental degradation causing worldwide concern.
UMW Industries also
distributes Toyota material handing equipment, BT and Raymond
warehouse trucks, Aichi and Tokai industrial tyres, Fulmen and
Dynamic industrial batteries, as well as offers services such as
comprehensive forklift operators & safety training
programmes, fleet management and warehouse consultancy.
Minneapolis-based Tennant Company is a world leader in
designing, manufacturing and marketing solutions under the
TennantÂŽ and NoblesÂŽ brands. Tennant Company products include
equipment for maintaining surfaces in industrial, commercial and
outdoor environments and coatings for protecting, repairing and
upgrading concrete floors
UMW Industrial Power
Introduces Hassle-Free Compressed Air Management (UMW CAM)
Shah
Alam, 29 March 2007 - UMW Industrial Power Sdn. Bhd., a
wholly-owned subsidiary of UMW Holdings Berhad offers a wide and
diversified fleet of COMPAIR and COOPER brands of air
compressors ranging from 30 â 5000 horsepower, to meet its
customersâ individual requirements. Recognizing customersâ need
for a convenient and hassle free solution for quality compressed
air, UMW Industrial Power introduced the UMW CAM at a Compressed
Air Management seminar held on 28 March 2007 at the UMW
Corporate office in Shah Alam.
The seminar was
attended by senior managers, financial managers and accountants
from the semiconductors, electronic and electrical, food and
beverages and tobacco sectors.
UMW CAM is a
partnership agreement package where UMW Industrial Power
undertakes the total management and responsibility of a
customerâs compressed air system after a systematic evaluation
process is done and is based on merit.
Mr Peter Chin,
Sales and Marketing Manager of UMW Industrial Power Sdn. Bhd.
said, âThe trend of many organizations is not owning an
equipment but moving towards leasing, renting, outsourcing, etc,
thus freeing customers from having to incur capital expenditure.
Examples are real estate investments (REITS), air crafts,
company vehicles, photocopying machines.â
Under this package,
UMW CAM personnel will first visit a customerâs facility or
plant to assess the customerâs compressed air system, its needs
and wastage level. Next, an in-depth air audit of the system
will be carried out, taking into consideration aspects such as
energy conservation, compressed air system configurations, air
use and leakage, air quality, as well as air flow and pressure.
Upon identification of current air system performance, UMW
Industrial Power will then analyze and propose an innovative
alternative using the CAM approach. Thus, the introduction of
CAM will enhance system performance, and allows customers to
focus on their core businesses.
UMW Industrial
Power forms strategic alliances with renowned multinational
manufacturers and specialists in Industrial Compressors,
Industrial Marine Engines and Portable Power Products. It
partners with leading multinational corporations like COMPAIR,
COOPER, MITSUBISHI, GE and HONDA. It has branches throughout
Malaysia in Butterworth, Ipoh, Johor Bahru, Kuantan, Kuching,
Sibu and Miri. In Kota Kinabalu, it is represented by its
authorized dealer, UMW Industries (1985) Sdn. Bhd..
Shah
Alam, 27 February 2007 â The UMW Group today
announced a profit before taxation of RM756.9 million for 2006,
an increase of RM99.4 million or 15.1% higher than the RM657.5
million registered in 2005. The higher profit before taxation
for the Group was attributed to higher profit from the Oil
& Gas and Equipment business segments coupled with improved
profit contributions from associated companies in the Group.
Group revenue of
RM9,938.9 million for the year ended 31 December 2006 was
marginally higher than the RM9,868.8 million registered in the
same period of 2005 by RM70.1 million or 0.7%. Lower total
sales volume of Toyota vehicles resulted in lower revenue for
the Automotive segment which was offset by the higher revenue
from the Oil & Gas business segment.
Total Toyota and Perodua
vehicle sales of 237,227 units for the year ended 31 December
2006 was 2.8% higher than the 230,683 units registered in the
year 2005. The twelve monthsâ sales volume represented 48.3% of
the total industry vehicle sales volume of 490,768 units, as
reported by the Malaysian Automotive Association.
Group revenue of
RM2,571.3 million for the fourth quarter ended 31 December 2006
was marginally higher than the third quarter revenue of
RM2,528.3 million, the overall net increase of RM43.0 million
coming from the higher revenue of the Automotive segment.
However, the Group recorded a marginally lower profit before
taxation of RM200.6 million for the fourth quarter ended 31
December 2006 compared to RM203.3 million registered in the
preceding quarter ended 30 September 2006.
Although there was a
higher profit contribution from the Oil & Gas business
segment, overall group profit before taxation of RM200.6
million was lower than the RM218.1 million achieved in the
preceding yearâs corresponding quarter by RM17.5 million or
8.0%, due to lower sales of Toyota and Perodua vehicles in the
fourth quarter of 2006.
The Group expects the
economy of the country to be robust and consumer sentiment
positive with the implementation of the Ninth Malaysia Plan.
The Automotive sector will continue to be competitive with new
models coming from the ASEAN Region. However, total industry
volume for motor vehicles is forecasted to increase
marginally. The Oil & Gas sector remains strong with
active exploration and development drilling activities
undertaken by major oil companies. Increased logging and
mining activities should result in greater demand for heavy
equipment and services. The anticipated strengthening of
Ringgit Malaysia coupled with the weakening of the Japanese
Yen against the US Dollar should lower the importation cost of
products for the Group. Based on the above factors, the Group
is expected to achieve a satisfactory level of profitability
for the year 2007.
Official Opening of
UMW Galeriku by YB Tan Sri Senator Nor Mohamed Yakcop
Shah
Alam, 25 February 2007 â YB Tan Sri Senator Nor Mohamed
Yakcop, Second Finance Minister, today officiated the opening
of UMW GaleriKu in Shah Alam. UMW GaleriKu showcases UMWâs long
and colourful history from its beginnings which can be traced
back to 1917, to the present day, where it has expanded across
the globe, with varied and diversified businesses.
Also present were local
and foreign dignitaries, senior government officials, UMWâs
business partners, principals, UMW board members and senior
management.
Datoâ Dr. Abdul Halim
Harun, UMW Group Managing Director & Chief Executive
Officer, said in his welcoming remarks âGaleriKu encapsulates
UMW. It is a pictorial depiction of what UMW is all about â
from a family-owned business to the present corporate entity
whose businesses are diverse and varied. It tells the story of
the UMW Group, its current profile, its history, its growth and
achievements, its people, and its corporate heritage.. It pays
tribute to the founder and to the leaders who have served the
UMW Group with distinction. UMW GaleriKu also acknowledges the
long-standing and greatly valued relationships that we have
nurtured with our many principals, partners and associates,
from the early years to the present time. In short, the gallery
takes us on a short journey through the UMW Road.â
Occupying a space of
4,521sq ft, UMW GaleriKu is located at the Ground Floor of
UMWâs Corporate Building, Shah Alam. Many interesting items are
displayed at the gallery, which include a Toyota Corolla â KE
10, which was the first Corolla series assembled in 1968 by
Assembly Services Sdn. Bhd., an oil rig scale model, insights
into car assembly and rig operations, innovative interactive
screens and displays of UMW Groupâs business and community
activities.
In addition to the
Groupâs previous contributions to the Johor flood victims, UMW
pledged RM25,000 in kind, to assist school going children who
were affected by the floods. This sum will be used to purchase
school items such as books, stationery, shoes, uniforms and
bags. Before this, the UMW Group had contributed 5 units of
power generators to overcome the power shortage problems that
the flood victims were experiencing at the Johor relief
centers. UMW Toyota Motor had also donated RM50,000 in cash to
the Malaysian Red Crescent Society to help flood victims and
offered special packages to service Toyota vehicles that were
damaged by the floods.
In addition to UMWâs
contributions, its associate company. Perusahaan Otomobil Kedua
Sdn. Bhd. (PERODUA), also donated 4 units of Perodua Rusa to the
Malaysian Red Crescent Society at the same ceremony. YBhg Tan
Sri Asmat Kamaludin, who is the UMW and Perodua Chairman,
presented the mock Rusa key to the Honourable Minister who
later handed the same over to the Malaysian Red Crescent
Society for their use to help ease the burden of flood victims.
UMW
Niugini Ltd. Secures Contracts Worth USD135 Million from Morobe
Consolidated Goldfields Limited
Shah
Alam, 18 January 2007 â UMW Niugini Limited, a wholly-owned
subsidiary of UMW Corporation Sdn. Bhd. based in Papua New Guinea
(PNG) recently signed two major mining contracts with Morobe
Consolidated Goldfields Limited, a company based in Papua New
Guinea and wholly-owned by Harmony Gold Mining Company Limited.
The contracts, worth approximately USD136 million, were signed
on 22nd November 2006 by Mr Peter Leece, General Manager, UMW
Niugini Limited on behalf of UMW while Mr Johannes van Heerden,
the Chief Financial Officer, Harmony Gold Australia, signed for
Morobe Consolidated Goldfields Limited.
The first contract,
valued at USD35.1 million is for the supply of 37 units of
Komatsu Mining Equipment and 8 units of Atlas Copco Blasthole
Drills for the Hidden Valley Gold project, which is located on
the main mountain range of PNG, approximately 280 km north of
the capital, Port Moresby. The equipment will be supplied in
five fleets, the first to be delivered in March 2007 and the
last, in March 2008. The contract also provides for an option
for additional 10 units of Komatsu Mining Equipment with a value
of approximately USD 8.5 million for 2008 delivery.
The second contract
is for the maintenance of the mining and construction equipment
for a 10-year period with an estimated annual value of USD10
million. This will cover maintenance and repairs, including
labour, spare parts and logistics.
Says Mr Chew Chee
Loon, Executive Director, Heavy Equipment Group, UMW Corporation
Sdn. Bhd., âHarmony Gold Mining Company Limited, a public listed
company based in South Africa is the fifth largest gold producer
in the world with operations in South Africa, Australia and
Papua New Guinea. It acquired Morobe Consolidated Goldfields
Limited in 2004.â He added, âThe Hidden Valley project is a
major investment for Harmony Gold in PNG. The mine development
and construction has commenced operations and will be completed
by end of fourth quarter of 2008. The mine will produce
approximately 285 000 ounces of gold annually. The company is a
major employer in the Morobe Province.â
Did you know?
UMW is the first Malaysian company to be awarded the prestigious Global Reporting Initiative (GRI) Application Level A (+) Certification for its Corporate Social Responsibility (CSR) reporting.
Tennant
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