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CIM to venture into auto parts sector in China

Posted

KUALA LUMPUR: Carpets International Malaysia Manufacturing Sdn Bhd (CIM) aims to venture into the manufacturing of parts and components in the automotive sector in China through its partnership with Changzhou Around Globe Carpet Manufacturing Co Ltd (CAG).

CIM, wholly-owned by WSA group of companies, is involved in manufacturing various types of carpets – from machine-tufted, hand-tufted and Axminster to needle punch for automotive floor carpets and carpet mats.

WSA group managing director Dr Wan Mohamed Wan Embong said the move would help the company expand its business.

However, he did not give any specific timeframe as it still had to negotiate with CAG.

“Further collaboration with CAG may include venturing into the automotive sector. Carpets are used in car interiors so this is one of the areas we can work on as a possible tie-up in the future with our Chinese partner,” he told a press conference yesterday after CIM signed a manufacturing-collaboration agreement with CAG.

Wan Mohamed and CAG president Wang Ben Xian signed on behalf of their companies.  
Wan Mohamed said the agreement was aimed at improving CIM’s range of products and services for the local, regional and global markets.

“We want to remain competitive and relevant in this region. CAG is strong in some carpet ranges as well as in production and delivery to the domestic and regional markets,” he said.  
Wan Mohamed added that CIM recognised the strength and competitiveness of CAG.

“We will be able to widen not just our volume but product range in terms of design and make. Our capacity is too small and production cost too high, so it is good to collaborate with CAG,” he said.

Currently, exports contribute about 15% of CIM’s revenue. Wan Mohamed said he expected this to increase to 50% in two to three years.

Its products are exported to Maldives, Bangladesh, the Philippines, Britain and Singapore, and the company is currently eyeing the Middle East market.

Last year, CIM raked in sales worth between RM10mil and RM12mil, which accounted for up to 30% of WSA’s turnover.

Qualifications

  • Diploma in Civil Engineering, University Technology MARA, Shah Alam
  • Degree in Civil Engineering, University Technology MARA, Shah Alam
  • Executive Diploma in Business Administration, University of Central Lancashire, United Kingdom.

Working Experience / Other Directorships

Present:

  • Group Advisor, PNA Technologies Sdn Bhd
  • Group Advisor, Syarikat Metal Industries of Malaysia Sdn Bhd

Past:

  • Group Advisor New Business Development of Ingress Corporation Berhad
  • President & Chief Executive Officer of Perusahaan Otomobil Kedua Sdn Bhd (Perodua) from 2013 to 2018
  • Managing Director of Perodua from 2009 to 2012
  • Executive Director of Strategic Marketing Group, UMW Toyota Motor Sdn Bhd from 2007 to 2009
  • Executive Director of Strategic Planning Group, UMW Toyota Motor Sdn Bhd in 2006
  • Executive Director, Sales Group of UMW Toyota Motor Sdn Bhd from 2004 to 2005
  • Director, Human Capital Group of UMW Toyota Motor Sdn Bhd from 2001 to 2003
  • General Manager, HR and Administration of UMW Toyota Motor Sdn Bhd from 1996 to 2001
  • Manager, Property and Facilities of UMW Toyota Motor Sdn Bhd from 1992 to 1996
  • Property and Purchasing Manager of Utusan Melayu (M) Sdn Bhd in 1992
  • Property and Maintenance Manager of Techart Sdn Bhd from 1985 to 1991
  • Project Engineer of Techart Sdn Bhd from 1983 to 1985
  • Board of Director Universiti Teknologi Mara (UiTM)
  • Board of Director Universiti Teknologi Mara Holding (UiTMH)
  • Board of Director Universiti Malaysia Pahang (UMP)

Membership of Board Committees in MBMR:

  • Nominating and Remuneration Committee (Chairman)
  • Audit Committee (Member)
  • Group Transformation Committee* (Chairman)

*Dissolved on 27 January 2022

Date Appointed to the Board

  • 29 May 2019

Qualifications

  • Bachelor Degree in Business Administration and Computer Science (Hons), University of Belfast, United Kingdom Lancashire, United Kingdom.

Working Experience / Other Directorships

Present:

  • Director of Hirotako Holdings Berhad
  • Director of Federal Auto Holdings Berhad
  • Director of Oriental Metal Industries (M) Sdn Bhd
  • Director of MBMR Properties Sdn Bhd
  • Director of Daihatsu (Malaysia) Sdn Bhd
  • Director of Perusahaan Otomobil Kedua Sdn Bhd
  • Director of CathRx Ltd
  • Director of Reliance Business Solutions Sdn Bhd
  • Director of Rosen Sdn Bhd

Membership of Board Committees in MBMR:

  • Long Term Incentive Plan Committee (Chairman)
  • Group Transformation Committee* (Member)
  • Risk Management and Sustainability Committee
    (Member)

*Dissolved on 27 January 2022

Date Appointed to the Board

  • 18 May 2001

Qualifications

  • Fellow Member of the Association of Chartered Certified Accountants, United Kingdom
  • Fellow Member of the Chartered Institute of Management Accountants, United Kingdom
  • Member of Chartered Global Management Accountant

Working Experience / Other Directorships

Present:

  • Managing Director of UMS Holdings Berhad
  • Managing Director of UMS Corporation Sdn Bhd
  • Director of Hirotako Holdings Berhad
  • Director of Federal Auto
    Holdings Berhad
  • Director of Oriental Metal Industries (M) Sdn Bhd
  • Director of Hino Motors Sales (Malaysia) Sdn Bhd
  • Director of Hino Motors Manufacturing (Malaysia) Sdn Bhd
  • Director of MBMR Properties Sdn Bhd
  • Director of Teck See Plastic Sdn Bhd

Past:

  • Financial Controller in MKS Sdn Bhd from 1980 to 1981
  • Auditor of a chartered accounting firm in London from 1975 to 1979

Membership of Board Committees in MBMR:

  • Long Term Incentive Plan Committee (Member)

Date Appointed to the Board

  • 1 October 2015

Qualifications

  • Master of Arts, International Studies, Ohio University, United States of America
  • Bachelor of Economics (Hons), University of Malaya, Malaysia

Working Experience / Other Directorships

Present:

  • Chairman of Zelan Berhad

Past:

  • Director of CIMB Principal Asset Management Berhad
  • Chairman of Faber Group Berhad from 2001 to 2008
  • Various management positions in Khazanah Nasional Berhad from 1994 to 2004 including Managing Director position.
  • Special Assistant to the Secretary General of Ministry of Finance from 1993 to 1994
  • Principal Assistant Secretary in the Finance Division, Federal Treasury under Ministry of Finance from 1991 to 1993
  • Deputy Director of Petroleum Development Division under Prime Minister’s Department from 1986 to 1991
  • Principal Assistant Secretary in Foreign Investment Division, Economic Planning Unit under Prime Minister’s Department from 1982 to 1984
  • Attachment with Investment Division of the Malaysian Tobacco Company Berhad under the British Malaysia Industry & Trade Association training scheme from 1984 to 1985
  • Principal Assistant Secretary in Economic & International Division, Federal Treasury under Ministry of Finance from 1980 to 1981
  • Principal Assistant Secretary in Budget Division, Federal Treasury under Ministry of Finance from 1978 to 1980
  • Assistant Director in Industries Division under Ministry of International Trade & Industry from 1973 to 1978

Membership of Board Committees in MBMR:

  • Nominating and Remuneration Committee (Member)
  • Audit Committee (Chairman)
  • Long Term Incentive Plan Committee (Member)
  • Risk Management and Sustainability Committee (Member)

Date Appointed to the Board

  • 16 January 2018

Qualifications

  • Fellow Member of the Institute of Chartered Accountants in England and Wales
  • Member of the Malaysian Institute of Accountants
  • Bachelor degree in Accountancy

Working Experience / Other Directorships

Present:

  • Chief Executive Officer of Berjaya Capital Berhad
  • Non-Independent Non- Executive Director of 7-Eleven Malaysia Holdings Berhad
  • Audit Committee Member of Razak School of Government

Past:

  • Acting Chief Executive Officer and Chief Financial Officer of MARA Corporation Sdn Bhd from 2016 to 2019
  • Chief Operating and Financial Officer of Unitar Capital Sdn Bhd from 2012 to 2016
  • Advisor of ECS Solutions Sdn Bhd from 2011 to 2012
  • Audit and Assurance Director of Ernst & Young from 2008 to 2011
  • Manager under Banking and Capital Market Group of Ernst & Young LLP, London from 2003 to 2008
  • Internal Auditor of Habib Bank AG Zurich from 2002 to 2003
  • Senior Auditor of John Cumming Ross, Ltd in 2001
  • Senior Auditor of Andersen & Co, Malaysia (formerly known as Arthur Andersen & Co) from 1998 to 2001

Membership of Board Committees in MBMR:

  • Audit and Risk Management Committee (Member)
  • Group Transformation Committee* (Member)

*Dissolved on 27 January 2022

Date Appointed to the Board

  • 28 January 2019

Qualifications

  • Bachelor’s Degree in Law, University of Sydney
  • Graduate Diploma in Applied Finance and Investments, Securities Institute Australia

Working Experience / Other Directorships

Present:

  • Chairman of Federal Auto Holdings Berhad
  • Director of Apex Investment Services Berhad
  • Director of Med-Bumikar Mara Sdn Bhd
  • Director of Daihatsu (Malaysia) Sdn Bhd

Past:

  • Group Head of Legal, Risk & Compliance of MBM Resources Berhad from 2011 to 2018
  • Managing Director of Federal Auto Holdings Berhad from 2016 to 2017
  • Executive Director of MBM Resources Berhad from 2014 to 2017
  • Private Equity/Director, KFH Asset Management Sdn Bhd from 2002 to 2010
  • Risk Management Consultant of Clearing Division of the Hong Kong Exchanges and Clearing Ltd from 2001 to 2002
  • CEO of Malaysian Derivatives Clearing House Berhad from 1995 to 2000
  • Manager, Law Reform and Product Development of Malaysian Securities Commission from 1993 to 1995
  • Senior Associate with Mallesons Stephen Jaques (Sydney and SEA) from 1987 to 1992

Membership of Board Committees in MBMR:

  • Nominating and Remuneration Committee (Member)
  • Group Transformation Committee* (Member)
  • Risk Management and Sustainability Committee (Chairman)

*Dissolved on 27 January 2022

Date Appointed to the Board

  • 29 May 2019

Qualifications

  • Bachelor of Economic, International Islamic University Malaysia
  • London Chamber of Commerce & Industry (LCCI) Higher – Business Statistics
  • Six Sigma – Champion Training, Motorola University

Working Experience / Other Directorships

Present:

  • Group Chief Executive Officer
  • Director of Daihatsu (Malaysia) Sdn Bhd
  • Director of Federal Auto Holdings Berhad
  • Director of Autoliv Hirotako Sdn Bhd
  • Director of Teck See Plastic Sdn Bhd
  • Director of MBMR Properties Sdn Bhd
  • Director of Oriental Metal Industries (M) Sdn Bhd
  • Director of Hirotako Acoustics Sdn Bhd
  • Director of Perusahaan Otomobil Kedua Sdn Bhd

Past:

  • Head, Automotive Distribution Division, Hicom Holdings Berhad (HHB) – Holding
    company of listed DRB-Hicom Berhad
  • Director, Mitsubishi Motors Malaysia (MMM)
  • Director, Isuzu Motors Sdn Bhd (IMSB)
  • Director, Edaran Otomobil Nasional (EON)
  • Director, EON Auto Mart Sdn Bhd
  • Director, Euromobil Sdn Bhd
  • Director, Hicom Auto Sdn Bhd
  • Director, AVIS Malaysia
  • Director, ACM
  • Director, DRB-Hicom Commercial Vehicles Sdn Bhd (DHCV)
  • Director, DRB-Hicom Auto Solution Sdn Bhd
  • Senior General Manager – Sales & Marketing Division, Perodua Sales Sdn Bhd
  • General Manager – Sales Division, Perodua Sales Sdn Bhd
  • Deputy General Manager – Sales Operations, Perodua Sales Sdn Bhd
  • Senior Manager – Sales Planning Department, Perodua Sales Sdn Bhd
  • Senior Manager – Distribution Department, Perodua Sales Sdn Bhd
  • Coordinator, MD’s Office, Perodua Sales Sdn Bhd
  • Manager – Market Planning, UMW Toyota Motor Sdn Bhd
  • Marketing Manager, UMW Engineering Sdn Bhd
  • Strategic Planning & Business Development Manager, UMW Auto Parts Sdn Bhd
  • Marketing Administration Executive, UMW Heavy Equipment Group
  • Corporate Planning & Project Executive, UMW Corporation Sdn Bhd
  • Economic Analyst, Federation of Malaysia Manufacturers (FMM)

Date Appointed to MBMR

  • 8th February 2021

Qualifications

  • Bachelor of Science in Accounting (Honours), Oklahoma State University, United States of America.
  • Member of Malaysian Institute of Accountants (MIA)

Working Experience / Other Directorships

Present:

  • Group Chief Financial Officer of MBM Resources Berhad

Past:

  • Group Financial Controller of MBM Resources Berhad
  • Director of Daihatsu (Malaysia) Sdn Bhd
  • Director of Federal Auto Holdings Berhad
  • Director of Autoliv Hirotako Sdn Bhd
  • Director of Teck See Plastic Sdn Bhd
  • Acting President & CEO of MBM Resources Berhad
  • Partner of Annbren Management & Consultancy Services
  • Group Financial Controller of Scomi Group Berhad
  • Regional Finance Controller of Scomi Group Berhad, Oilfield services
  • Audit Manager of Ernst & Young

Date Appointed to MBMR

  • 1st November 2016

Qualifications

  • B. A. (Hons) Accounting and Financial Studies, University of Exter, UK
  • Certified Training Professional, ARTDO-ITD International
  • Member, Society for Human Resource Management
  • Member, International Coaching Federation

Working Experience / Other Directorships

Present:

  • Director, Group Corporate Services

Past:

  • Director, Transformation Office of MBMR Resources Berhad
  • Board of Trustees of Kelab Belia Kalsom (The Kalsom Movement)
  • Director/Head, Group Human Capital of MARA Corporation Sdn Bhd
  • Executive Director, UNITAR International Academy Sdn Bhd
  • Director, Vice Chancellor’s Office of UNITAR International University
  • Head of Collaboration of Arise Asia Sdn Bhd
  • Vice President, Strategic Human Capital Management of Khazanah National Berhad
  • Consultant of Mercer Human Capital Consulting

Date Appointed to MBMR

  • 4th February 2020

CHAIRMAN’S STATEMENT

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