DRB-HICOM Berhad (“DRB-HICOM” or the “Group”), one of Malaysia’s leading conglomerates was established following a merger between Heavy Industries Corporation of Malaysia Berhad (HICOM) and Diversified Resources Berhad (DRB) in 2000. HICOM was incorporated in 1980 to lead the country’s nationalisation drive and was instrumental in the development of the National Car Project while Diversified Resources Berhad (DRB) was the developer of Malaysia’s first national motorcycle and Malaysian-made trucks.
After the Group’s acquisition by Etika Strategi Sdn Bhd in 2005 and led by a new management team, its businessess were rationalised into three core sectors in the following year, namely Automotive; Services; and Property, Asset and Construction.
In 2012, DRB-HICOM acquired PROTON Holdings Berhad, cementing its leadership position as one of the most comprehensive and integrated automotive operations in Malaysia. Its businessess cover the whole automotive ecosystem, ranging from vehicle design and development, manufacturing of automotive components, vehicle assembly, inspection and distribution, to sales and after-sales service. The Group also assembles and distributes motorcycles, commercial vehicles, defence vehicles and customised vehicles such as ambulances. The marques assembled or distributed by the Group include top global brands such as Audi, Honda, Isuzu, Volkswagen, Mitsubishi, Suzuki and Mercedes-Benz.
In its Services sector, DRB-HICOM holds government concessions through Alam Flora Sdn Bhd, the country’s leading solid waste management company; and PUSPAKOM Sdn Bhd, the sole commercial vehicle inspection company in the country. In 2008, the Group acquired equity interest in Bank Muamalat Malaysia Berhad, adding Islamic banking to its finance-related stakes in two insurance companies and Pos Malaysia Berhad in 2011, providing DRB-HICOM with an extensive logistics network that spans the length and breadth of the country.
To further reinforce the Group’s Services business, DRB-HICOM recently acquired two jewels-Composites Technology Research Malaysia Sdn Bhd (CTRM) and Konsortium Logistik Berhad (KLB). CTRM is part of the global composite aero-structures supply chain for major commercial and military aircraft manufacturers world-wide. Among its major commercial clients are Airbus and Boeing for which it designs, develops and manufactures aircraft parts as both a first-tier and second-tier supplier. CTRM is also a design and build partner for the Airbus A380 Fixed Leading Edge Lower Panels (FLELP) and the A400M Horizontal Tail Plane Trailing Edge (HTPTE). It has also participated as a strategic partner in the development of fan cowls for the Boeing B787, Mitsubishi Regional jet, Bombadier C series and, in the near future, the Airbus A350.
Consequent to the acquisition of KLB, the leading haulier in the central and southern region, strategic plans are in place to rationalise and centralise the Group’s logistics operations, strengthening it to expand beyond Malaysia’s borders into the regional markets.
Under its Property, Asset and Construction business, DRB-HICOM has over the years built a solid reputation as a developer of niche properties, leveraging on its prestigious property brand, Glenmarie, with land bank holdings in key locations. It is represented in the hospitality industry through Holiday Inn Kuala Lumpur Glenmarie, Lake Kenyir Resort, Taman Negara in Terengganu, Vivanta by Taj in Langkawi, as well as a foothold in recreation with the Glenmarie Golf and Country Club.
With more than 80 operating companies in its stable and a workforce of more than 60,000 employees, DRB-HICOM has today emerged as one of the more exciting companies listed on the Main Board of Bursa Malaysia. The diversified business portfolio of the Group enables it to capitalise on synergistic opportunities, making it an important contributor to national development and economic growth.