UMW Toyota subsidiary to resume Toyota vehicle assembly operations
(theedgemarkets.com / May 11, 2020 11:20 am +08)
KUALA LUMPUR (May 11): UMW Toyota Motor Sdn Bhd’s subsidiary Assembly Services Sdn Bhd (ASSB) which is involved in manufacturing Toyota vehicles, has resumed its assembly operations.
In a statement today, UMW Toyota said this was pursuant to the approval given by the Selangor State Government in relation to the Conditional Movement Control Order (CMCO) that was announced on May 4.
The company said ASSB had suspended all operations from March 18 when the Movement Control Order (MCO) was activated nationwide as a measure to break the transmission of the COVID-19 coronavirus and will re-commence its operations from today.
UMW Toyota Motor president K Ravindran said with the resumption of operations, the firm hopes to add momentum to the automotive industry and business moving forward.
“As with all companies allowed to resume their operations at full capacity, there are strict Standard Operating Procedures (SOPs) which must be followed.
“ASSB will fully adhere to these SOPs for the protection and health of its approximate 2000 employees working at its facilities,” he said.
Ravindran said the SOPs include establishing distances of 1 metre or more between workers; regular temperature checks; provision and use of hand sanitizers and face masks; and sanitisation of various areas around the plant three times daily.
He said where necessary, working hours and work flows are adjusted to create a safe environment.
Meanwhile, UMW Toyota Motor deputy chairman Akio Takeyama said Toyota Motor Corporation is also very serious about providing safe and healthy conditions for all employees.
“As a member of the global Toyota family, ASSB can therefore draw on healthcare advice and best practices from TMC regarding additional measures that can be taken here in Selangor,” he said.
Selangor forms aerospace division, confident of expediting industry's recovery process
(theedgemarkets.com / May 18, 2020 17:01 pm +08)
SHAH ALAM (May 18): Selangor, which houses 62% of the 230 aerospace companies in Malaysia, is confident of expediting the industry's recovery process following the Covid-19 pandemic.
Menteri Besar Datuk Seri Amirudin Shari said this will be overseen by the state's newly-formed Selangor Darul Ehsan Aerospace Industry Coordination Office (S-Daico).
"Of course the MCO (movement control order) and Covid-19 have impacted our plan [at this stage] but I think with S-Daico, we can ensure that the aerospace hub in Selangor recovers earlier than those in other places," he told a press conference today.
"Although the number of aerospace players [in the state] is small, the value is significant. The industry was allowed to operate during Phase 3 of the MCO and this contributed greatly to the business chain as a whole," he added.
Among the aerospace companies listed on Bursa Malaysia are SAM Engineering & Equipment (M) Bhd, UMW Holdings Bhd and Destini Bhd. The three Main Market-listed counters have lost 34.1%, 52.7% and 36% in value year to date.
Parked under Invest Selangor Bhd, S-Daico was set up to establish Selangor as the main destination for the aerospace industry regionally under a 10-year action plan until 2030.
The new division has been tasked with providing information, advisory services and potential investment opportunities to industry players. It will also coordinate and monitor all aerospace development projects in the state, covering financial allocation aspects.
Amirudin said five strategic activities had been identified as the main drivers of the industry under the Selangor Aerospace Action Plan 2020-2030, including maintenance, repair and overhaul (MRO), manufacturing and engineering and design.
"In 2017, MRO activities contributed RM6.2 billion to national revenue, of which over 62% were contributed by companies in Selangor, while manufacturing activities contributed RM6.6 billion.
"These two biggest activities in the industry are expected to expand threefold and generate a total of RM20.4 billion and RM21.2 billion in revenue respectively by 2030," he said.
It was reported that the country's aerospace industry raked in RM14.4 billion in revenue in 2018, up 6.7% from a year earlier. The amount was largely contributed by exports of aircraft parts and components which tripled to RM8.48 billion from RM2.88 billion in 2014.
Amirudin said Sungai Buloh-based SME Aerospace Sdn Bhd is among the world's major suppliers of aircraft wings and components for global plane-makers, including Boeing and Airbus.
Under the Malaysian Aerospace Industry Blueprint 2030, it is envisioned that Malaysia will be the leading aerospace nation in Southeast Asia and serves as an integral part of the global market with an annual revenue of RM55.2 billion by 2030.
In August 2015, the National Aerospace Industry Coordinating Office (Naico) was established with the primary objective of overseeing the implementation of the strategies and initiatives in the blueprint.
Amirudin said that given Selangor's significant contribution to the country's aerospace revenue, S-Daico was formed to complement Naico, a unit under the Ministry of International Trade and Industry (MITI).
Don't say Keyman188 not telling you....I have been deploying this counter slowly slowly since last month......
Part of UMW also involving aerospace business......
"Innovative solutions for the aerospace and automotive industries: We deliver top of the line and innovative products in the aerospace and automotive industries and continue to expand our manufacturing and marketing capacity to distribute premium lubricants within the region.
We work with some of the world’s most renowned brands to blend, market and distribute lubricants. Despite facing increased competition from lower-tiered brands, we have continued to deliver beyond our targeted goals.
Besides that, we are also the leading supplier for OEM and replacement market (REM) products in Malaysia, manufacturing high-quality shock absorbers, motorcycle suspension units and hydraulic power-steering pumps and systems via the KYB-UMW Group.
Soaring into the Aerospace industry, we became the first local company to be awarded a long-term contract with Rolls Royce. Just two years since our venture into aerospace manufacturing, we delivered our first fan case to Rolls Royce, making us the first Malaysian-owned company to be a Tier-1 aerospace engine component manufacturer."
Corona Menyebar, Penjualan Pelaku industri otomotif kini sedang berupaya keras bertahan dalam besarnya tekanan ekonomi yang terjadi pada beberapa bulan belakang. Seperti apa geliat industri otomotif yang harus terrem sementara di tengah pandemic? https://www.youtube.com/watch?v=ijv_CIw92Ck
my friend working in hong leong bank told me now hong leong bank give car loan ,installment rm1000 per month bank account saving must have cash money 24k for instalment 2years money in 2 year bank to give lending...tightening lending...many bank loan margin give 70% max loans. example : your bank account saving in year 2018 have 24k until now still have 24k ,bank give lending...if year 2018 bank saving have 10k 2019 year have 15k now have years 2020 have saving 24k bank will rejected loan...
UMW stock will go up as recovery of economy needs them. Come on friends, it's not only Toyota they are selling! Heavy machinery for industrial activity. Do not be so ignorant and respect the departed. It's so crude to say CEO dies because of EPF short selling. Have some dignity in business. You like people to say that about your family?
100% sales tax exemption on new CKD cars, 50% exemption for CBU until end of the year bring good news UMW and DRB-HICOM. Car price drop for perodua , Toyota , Proton.
I think will drop on tuesday due to worlwide market demand for cars actually drop a lot. Discount 5K dont make any different if people don't have food to eat. Better keep money then buy a car, only crazy people would buy a new car because of only 5K discounts.
i don't agree with nubis,those who plan to buy cars definitely don't miss this golden oppotunity.for malaysian buying cars is necessity .For long term we can pay bank loan for nine years ,right?
Next week : Topglov (QR out, maybe announce dividend or bonus issue), glove (Carepls, HLT, and more) , oil stocks(MHB, and more) , palm oil stocks(RSAWIT, FGV and more) , few automobile stocks(MBMR, DRBHCOM, UWC and more), POS, GDEX, MYEG will be the star, need to observe.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 268 views | 1 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11428 views | 10 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Keyman188
5,968 posts
Posted by Keyman188 > 2020-04-22 15:13 | Report Abuse
Lai...Lai...Lai...
Slowly slowly lai......