DRB-HICOM Berhad (MYX: 1619) is one of Malaysia's leading corporations, involved in the automotive manufacturing, assembly and distribution industry through its involvement in the passenger car and four wheel drive vehicle market segment, the national truck project and the national motorcycle project. DRB-HICOM is the majority shareholder of Malaysia's national car company, Proton, with China's Zhejiang Geely Holding Group the other shareholder since an equity sale in 2017.[2] The Group also owns national motorcycle company Modenas, with Japanese two-wheeler giant Kawasaki as its partner.[3] DRB-HICOM assembles cars in Malaysia for Tata Motors, Honda, Isuzu, Mercedes-Benz and Volkswagen, with plans for expansion.[4][5][6][7] The Group also retails various brands such Audi (via Euromobil Sdn Bhd), Mitsubishi (via EON Auto Mart Sdn Bhd) and Volkswagen (via HICOM Auto Sdn Bhd).
Besides automotive concerns, DRB-HICOM's core business focuses are in the services (postal, banking, vehicle inspections) and property & infrastructure sectors. These are conducted via several companies such as Pos Malaysia, Bank Muamalat, and Puspakom. It is also the owner of two education institutions, namely DRB-HICOM University of Automotive Malaysia and Akademi Saga in Pekan, Pahang. The latter is a vocational training centre that produces trained mechanics.
The Group also has a significant presence in the defence industry. Through DRB-HICOM Defence Technologies, it designs, develops, manufactures and supplies armoured and logistics vehicles for military and homeland security use. It supplies mainly to the Government of Malaysia.
HICOM was incorporated on 11 March 1910 under The Companies Enactment 1897 as The New Serendah Rubber Company Limited. The name of the company was changed to The New Serendah Rubber Company Berhad on 15 April 1966. Subsequently, on 16 December 1993, it changed its name to HICOM Holdings Berhad pursuant to a restructuring exercise. It was incorporated in 1980 as the Heavy Industries Corporation of Malaysia Berhad (HICOM).
Diversified Resources Berhad (DRB) was incorporated in 1990 as Peerless Assets Sdn Bhd. It was changed to DRB in September 1991, and listed itself on Malaysia's main bourse in September the following year.
In 1996, both companies merged to form the biggest conglomerate in Malaysia. DRB-HICOM was listed on the Main Board of the KLSE on 4 September 1992 and assumed its present name on 11 May 2000.
Within the manufacturing capabilities of DRB-HICOM is CTRM, a specialist composites products manufacturer, and counts Airbus, Boeing and Learjet as their aviation customers. The plant in Melaka houses 12 autoclaves, the largest number of autoclaves in a facility in ASEAN.
On 8 March 2018, the Group announced a major shift in the direction of their property sector. In a cash plus land swap deal with companies owned by their majority shareholder, DRB-HICOM announced the sale of several plots of land and all its hospitality assets.[8] This shift will see DRB-HICOM exiting the hospitality industry with the sale of Glenmarie Golf & Country Club, Holiday Inn Glenmarie KL and Vivanta by Taj at Rebak Island Marina. This transaction was completed on 31 December 2020.[9]
Five months later, on 1 August 2018, DRB-HICOM announced the sale of their waste management company Alam Flora Sdn Bhd (AFSB) to Malakoff Corporation Berhad. Included in the deal valued at RM1.0b was DRB-HICOM Environmental Services Sdn Bhd (DHES), a unit of AFSB. After several extensions of time, the deal was finally completed on 5 December 2019.[10]
Significant Companies under DRB-HICOM
Subsidiaries
PROTON Holdings Berhad – DRB-HICOM is a majority shareholder of PROTON, with Zhejiang Geely Holding Group Limited owning 49.9% equity in the national car company.
Pos Malaysia Berhad – Malaysia's national post services provider. Pos Malaysia is listed on Bursa Malaysia.
Bank Muamalat Malaysia - Bank Muamalat is an Islamic bank that offers a variety of products that are compliant with Shariah law.
CTRM - a Batu Berendam, Melaka-based composites specialist that supplies to the global aviation industry.
Deftech – Defence vehicles manufacturer based in Pekan, Pahang.
Edaran Otomobil Nasional (EON) - a multi-brand dealer of vehicles, covering PROTON, Audi (Euromobil Sdn Bhd), Volkswagen (HICOM Auto Sdn Bhd, Mitsubishi (EON Automart Sdn Bhd)
PHN Industry Sdn Bhd - An automotive component manufacturing group of companies which consist of PHN Industry Sdn Bhd and its subsidiaries Oriental Summit Industries (OSI) Sdn Bhd and DRB-HICOM Mechatronics Sdn Bhd (DHMSB).
HICOM-TECK SEE Manufacturing (Malaysia) Sdn Bhd – Equity of 51%. Manufacturer of automotive plastics components.
PHN Industry Sdn Bhd – Metal stamping company.
Oriental Summit Industries Sdn Bhd – Equity 70%. Metal stamping company.
^Tan, Danny (12 March 2012). "BREAKING: CKD Volkswagen Passat 1.8 TSI available now for RM170,888, same spec as CBU model". Selangor, Malaysia: Paul Tan's Automotive News. Retrieved 26 July 2012.
^hd (12 March 2012). "VW startet Fahrzeugproduktion in Malaysia" [VW starts vehicle production in Malaysia] (in German). Auto News. Retrieved 26 July 2012.
^ [VW's plans for expansion in Malaysia win concreteness]. Automobilwoche (in German). Oberpfaffenhofen: Crain Communications GmbH. 19 July 2012. Archived from the original on 3 March 2016. Retrieved 21 July 2012.
^. Archived from the original on 23 September 2015. Retrieved 31 October 2012.
hicom, this, article, uses, bare, urls, which, uninformative, vulnerable, link, please, consider, converting, them, full, citations, ensure, article, remains, verifiable, maintains, consistent, citation, style, several, templates, tools, available, assist, for. This article uses bare URLs which are uninformative and vulnerable to link rot Please consider converting them to full citations to ensure the article remains verifiable and maintains a consistent citation style Several templates and tools are available to assist in formatting such as Reflinks documentation reFill documentation and Citation bot documentation August 2022 Learn how and when to remove this template message DRB HICOM Berhad MYX 1619 is one of Malaysia s leading corporations involved in the automotive manufacturing assembly and distribution industry through its involvement in the passenger car and four wheel drive vehicle market segment the national truck project and the national motorcycle project DRB HICOM is the majority shareholder of Malaysia s national car company Proton with China s Zhejiang Geely Holding Group the other shareholder since an equity sale in 2017 2 The Group also owns national motorcycle company Modenas with Japanese two wheeler giant Kawasaki as its partner 3 DRB HICOM assembles cars in Malaysia for Tata Motors Honda Isuzu Mercedes Benz and Volkswagen with plans for expansion 4 5 6 7 The Group also retails various brands such Audi via Euromobil Sdn Bhd Mitsubishi via EON Auto Mart Sdn Bhd and Volkswagen via HICOM Auto Sdn Bhd DRB HICOM BerhadFormerlyDiversified Resources BerhadTypePublic limited companyTraded asMYX 1619ISINMYL1619OO005IndustryConglomeratePredecessorThe New Serendah Rubber Company Limited 1910 1980 The Heavy Industries Corporation of Malaysia Berhad 1980 1996 Diversified Resources Berhad 1996 Founded1996 27 years ago 1996 FounderYahaya AhmadHeadquartersShah Alam Selangor MalaysiaArea servedSoutheast AsiaKey peopleWan Zulkiflee Wan Ariffin Chairman Syed Faisal Albar Syed Ali Rethza Albar Group Managing Director Aminah Othman Group Chief Financial Officer Jezilee Mohamad Ramli Chief Operating Officer Corporate Services Azri Zaharuddin Chief Operating Officer Properties Corporate Planning amp Strategy RevenueRM12 65 billion 1 2021 Total assetsRM41 68 billion 2019 Number of employeesApprox 47 000SubsidiariesProton HoldingsPos MalaysiaBank Muamalat MalaysiaWebsitewww wbr drb hicom wbr comBesides automotive concerns DRB HICOM s core business focuses are in the services postal banking vehicle inspections and property amp infrastructure sectors These are conducted via several companies such as Pos Malaysia Bank Muamalat and Puspakom It is also the owner of two education institutions namely DRB HICOM University of Automotive Malaysia and Akademi Saga in Pekan Pahang The latter is a vocational training centre that produces trained mechanics The Group also has a significant presence in the defence industry Through DRB HICOM Defence Technologies it designs develops manufactures and supplies armoured and logistics vehicles for military and homeland security use It supplies mainly to the Government of Malaysia Contents 1 History 2 Significant Companies under DRB HICOM 2 1 Subsidiaries 2 2 Associated companies 3 References 4 External linksHistory EditHICOM was incorporated on 11 March 1910 under The Companies Enactment 1897 as The New Serendah Rubber Company Limited The name of the company was changed to The New Serendah Rubber Company Berhad on 15 April 1966 Subsequently on 16 December 1993 it changed its name to HICOM Holdings Berhad pursuant to a restructuring exercise It was incorporated in 1980 as the Heavy Industries Corporation of Malaysia Berhad HICOM Diversified Resources Berhad DRB was incorporated in 1990 as Peerless Assets Sdn Bhd It was changed to DRB in September 1991 and listed itself on Malaysia s main bourse in September the following year In 1996 both companies merged to form the biggest conglomerate in Malaysia DRB HICOM was listed on the Main Board of the KLSE on 4 September 1992 and assumed its present name on 11 May 2000 Within the manufacturing capabilities of DRB HICOM is CTRM a specialist composites products manufacturer and counts Airbus Boeing and Learjet as their aviation customers The plant in Melaka houses 12 autoclaves the largest number of autoclaves in a facility in ASEAN On 8 March 2018 the Group announced a major shift in the direction of their property sector In a cash plus land swap deal with companies owned by their majority shareholder DRB HICOM announced the sale of several plots of land and all its hospitality assets 8 This shift will see DRB HICOM exiting the hospitality industry with the sale of Glenmarie Golf amp Country Club Holiday Inn Glenmarie KL and Vivanta by Taj at Rebak Island Marina This transaction was completed on 31 December 2020 9 Five months later on 1 August 2018 DRB HICOM announced the sale of their waste management company Alam Flora Sdn Bhd AFSB to Malakoff Corporation Berhad Included in the deal valued at RM1 0b was DRB HICOM Environmental Services Sdn Bhd DHES a unit of AFSB After several extensions of time the deal was finally completed on 5 December 2019 10 Significant Companies under DRB HICOM EditSubsidiaries Edit PROTON Holdings Berhad DRB HICOM is a majority shareholder of PROTON with Zhejiang Geely Holding Group Limited owning 49 9 equity in the national car company Pos Malaysia Berhad Malaysia s national post services provider Pos Malaysia is listed on Bursa Malaysia Bank Muamalat Malaysia Bank Muamalat is an Islamic bank that offers a variety of products that are compliant with Shariah law CTRM a Batu Berendam Melaka based composites specialist that supplies to the global aviation industry Motosikal Dan Enjin Nasional Sdn Bhd Modenas 1 equity of 81 Motorcycle manufacture and related components HICOM Automotive Manufacturers Malaysia Sdn Bhd formerly known as Automotive Manufacturers Malaysia Sdn Bhd Assembly of Volkswagen passenger vehicles Deftech Defence vehicles manufacturer based in Pekan Pahang Edaran Otomobil Nasional EON a multi brand dealer of vehicles covering PROTON Audi Euromobil Sdn Bhd Volkswagen HICOM Auto Sdn Bhd Mitsubishi EON Automart Sdn Bhd Automotive Corporation Malaysia Sdn Bhd ACM 2 Authorised dealer for Isuzu Malaysia Sdn Bhd DRB HICOM Auto Solutions Sdn Bhd HICOM Diecastings Sdn Bhd Casting and Machining company incorporated in 1985 Puspakom Sdn Bhd Vehicle inspection centre DRB HICOM University of Automotive Malaysia PHN Industry Sdn Bhd An automotive component manufacturing group of companies which consist of PHN Industry Sdn Bhd and its subsidiaries Oriental Summit Industries OSI Sdn Bhd and DRB HICOM Mechatronics Sdn Bhd DHMSB HICOM TECK SEE Manufacturing Malaysia Sdn Bhd Equity of 51 Manufacturer of automotive plastics components PHN Industry Sdn Bhd Metal stamping company Oriental Summit Industries Sdn Bhd Equity 70 Metal stamping company Associated companies Edit Honda Malaysia Sdn Bhd 3 equity of 34 Mitsubishi Motors Malaysia Sdn Bhd Equity of 48 Isuzu HICOM Malaysia 4 Assembly of lights heavy duty trucks bus and passenger cars Equity of 49 Isuzu Malaysia Sdn Bhd Equity of 49 Suzuki Malaysia Automobile Sdn Bhd Equity of 40 Suzuki Motorcycle Malaysia Sdn Bhd Motorcycle engines amp components HICOM Yamaha Manufacturing Malaysia Sdn Bhd Equity of 48 Manufacturer of Yamaha motorcycle engines and components Incorporated 1983 Pos Logistics Berhad Logistics Warehousing Distribution Automotive Freight Forwarding amp Haulage Services Equity of 61 6 References Edit https www drb hicom com wp content uploads 2022 02 MEDIA RELEASE DRB HICOM NETS RM153 37m PRE TAX PROFIT IN Q4 2021 Short pdf bare URL PDF DRB Hicom selling 49 9 stake in Proton to Geely 24 May 2017 https themalaysianreserve com 2019 04 29 drb hicom sells 11 stake in modenas Tan Danny 12 March 2012 BREAKING CKD Volkswagen Passat 1 8 TSI available now for RM170 888 same spec as CBU model Selangor Malaysia Paul Tan s Automotive News Retrieved 26 July 2012 hd 12 March 2012 VW startet Fahrzeugproduktion in Malaysia VW starts vehicle production in Malaysia in German Auto News Retrieved 26 July 2012 Expansionsplane von VW in Malaysia werden konkreter VW s plans for expansion in Malaysia win concreteness Automobilwoche in German Oberpfaffenhofen Crain Communications GmbH 19 July 2012 Archived from the original on 3 March 2016 Retrieved 21 July 2012 Business Content Archived from the original on 23 September 2015 Retrieved 31 October 2012 https www drb hicom com wp content uploads 2018 03 MEDIA RELEASE ENG DRB HICOM ANNOUNCES NEW STRATEGIC DIRECTION FOR ITS PROPERTIES SECTOR V2 0 MARMCASFHfinal approved copy 1 pdf bare URL PDF Announcement details Announcement details External links EditDRB HICOM DRB HICOM in Google Finance Retrieved from https en wikipedia org w index php title DRB HICOM amp oldid 1151265597, wikipedia, wiki, book, books, library,
