Shah Alam, June 14, 2011 – MBM Resources Berhad (MBMR) is investing some RM250 million in capital expenditure over the next five years in an aggressive expansion plan to transform the group into one of the key automotive players in Malaysia and the region.The non-equity capital expenditure will primarily be utilised...
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*Dissolved on 27 January 2022
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*Dissolved on 27 January 2022
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*Dissolved on 27 January 2022
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*Dissolved on 27 January 2022
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Our transformation journey over the past years has been a
noteworthy one despite the uncertainties faced. We have evolved and continue to improve our sustainability efforts. This includes identifying the key EES topics relevant to the Group and important to our stakeholders. We implemented policies and structural changes in approaching our interim urgencies and long-term sustainability objectives. It was disruptive initially, particularly for the operations to adapt to the changes. Nonetheless, we succeeded, as seen by the positive improvements in efficiency, especially in the areas of operations and governance.
In FY2021, we continued our transformation journey to further
strengthen our business growth by identifying internal and external growth drivers. This assisted us in our preparation to be more resilient and agile amidst a market environment of uncertainties.
We acknowledge the increasing importance of Electric Vehicles
(EV) as part of the global sustainability transformation. In
preparing for our participation in the EV market and the
continuation of our transformation, we exercise prudence through various cost management and portfolio rationalisation measures. We have also deployed programmes and KPI measurements to enhance the company’s existing productivity and operational capacity levels. These programmes have so far, shown positive results in the motor trading and manufacturing divisions, and we will continue to do so to achieve operational and manufacturing excellence standards.
The transformation we embarked on has also reinforced our
commitment to our stakeholders by delivering meaningful values to them. At the same time, we are also looking to improve our market leadership position and continue rewarding our shareholders with better returns. This is done with the commitment to creating sustainable values for our people, customers, suppliers and the local communities. To further enhance these sustainable values, the Group also look at investments in technology, expanding our service offering, and developing a more customer-centric approach to operations.
Gradually, more efforts will be put into being more responsible
for our environment including successfully embarking on a
renewable energy project in 2021. This will hopefully bring longterm economic and environmental benefits to the Group besides achieving a significant milestone in upholding our commitment to EES practices.
Overall, our sustainability approach and long-term engagement have helped us in guiding our policy towards being innovative and creating significant values for our diverse stakeholders. Our people have always been the main driver of our business growth. We believe by empowering them through different initiatives and approaches would help MBMR towards becoming a more dynamic organisation. In 2021, we remain focused on talent development and retention while catalysing growth within the organisation. We always believe that any action regardless of the size and magnitude can make a significant difference. Sharing our prosperity is one of the best ways to make a difference in the community. In 2021, MBMR Group supported the fight against hunger through its contribution of RM300,000 channelled to five non-profit organisations which are actively involved in providing basic need to those affected by economic uncertainties caused by COVID-19. In addition, our subsidiaries have also contributed to providing food supplies and participated in voluntary activities to help COVID-19 and flood victims.
I take this opportunity to express my heartfelt appreciation to our shareholders, customers, business associates, suppliers and our people for the support and commitment given throughout the challenging year of 2021.
I would also like to thank the management team for their strong leadership and teamwork. As we move ahead, I believe that
every one of you will continue to give your full dedication and
commitment in making MBMR a resilient and robust organisation to attain a sustainable future.
I would also like to extend my sincere appreciation to our Board of Directors for their valuable support and guidance throughout this time. Their commitment, hard work and ideas have contributed in making what MBMR is today. Our unity will triumph over all hardships and reinforce our growth sustainably.
Last but not least, thank you to our people in MBMR for their
dedication, hard work, togetherness and trust in this Group.
Thank you.
Y. Bhg. Datuk (Dr) Aminar Rashid Bin Salleh
Chairman
