KUALA LUMPUR: Diversified Delloyd Ventures Bhd plans to expand its commercial bus and chassis manufacturing business in Malaysia, following its success in Indonesia.
Group managing director Datuk Seri Tee Boon Kee told The Edge Financial Daily that the group had already made a prototype of the chassis of the compressed natural gas (CNG) buses it is now manufacturing in Indonesia to be submitted to the local authorities.
The prototype buses will then be subject to test runs and authority approvals, he said.
“We wanted to complete the prototype and submit it last year but we were occupied with a delivery,” he added.
Other than Malaysia and Indonesia, Delloyd Ventures has automotive parts and component manufacturing operations in Thailand.
The group ventured into the commercial vehicle manufacturing industry in 2008 through the acquisition of a 51% stake in PT Asian Auto International (PTAAI), Indonesia.
PTAAI is involved in the manufacturing and assembly of the Komodo brand of buses and articulated CNG buses for TransJakarta, the bus rapid transit system in Jakarta.
At present, the group only manufactures the chassis while PTAAI builds the body of the bus. The group last year secured a contract for 23 buses for a sum of RM32 million.
Apart from manufacturing automotive components the group also distributes Proton, Suzuki, Hyundai and Brilliance Auto’s Jinbei vans.
Although the auto parts division incurred losses, higher sales of Proton Saga and Persona units contained the losses to below RM1 million in FY09, and the division is now in the black with a profit of RM600,000 for FY11.
Tee said the group plans to spend about RM10 million on new moulds and machinery for its original equipment manufacturing business this year, adding that there is unlikely to be any major capital expenditure. The company has also diversified into plantations as a new engine of growth.
In 2006, the group acquired a 60% stake in PT Rebinmas Jaya, which owns three oil palm plantations in Pulau Belitung, Indonesia. The total planted area is 14,422ha as at September 2011, of which 6,945ha are matured trees.
It also has a 1,449ha plantation in Sungai Rambai, Selangor, with a mature acreage of 1,210ha or 83% as at September 2011.
Delloyd Ventures plans to double its revenue from the plantation segment in three years on higher fresh fruit bunch yield from its Indonesian estates.
“We are taking time to acquire new landbank as prices are still very high,” Tee said.
For the Malaysian plantation operations, the group wants to replant an average of 100ha annually over the next seven years and to complete the replanting of trees which are over 25 years of age by 2021.
This article appeared in The Edge Financial Daily, January 11, 2012.
Group managing director Datuk Seri Tee Boon Kee told The Edge Financial Daily that the group had already made a prototype of the chassis of the compressed natural gas (CNG) buses it is now manufacturing in Indonesia to be submitted to the local authorities.
The prototype buses will then be subject to test runs and authority approvals, he said.
“We wanted to complete the prototype and submit it last year but we were occupied with a delivery,” he added.
Other than Malaysia and Indonesia, Delloyd Ventures has automotive parts and component manufacturing operations in Thailand.
The group ventured into the commercial vehicle manufacturing industry in 2008 through the acquisition of a 51% stake in PT Asian Auto International (PTAAI), Indonesia.
PTAAI is involved in the manufacturing and assembly of the Komodo brand of buses and articulated CNG buses for TransJakarta, the bus rapid transit system in Jakarta.
At present, the group only manufactures the chassis while PTAAI builds the body of the bus. The group last year secured a contract for 23 buses for a sum of RM32 million.
Apart from manufacturing automotive components the group also distributes Proton, Suzuki, Hyundai and Brilliance Auto’s Jinbei vans.
Although the auto parts division incurred losses, higher sales of Proton Saga and Persona units contained the losses to below RM1 million in FY09, and the division is now in the black with a profit of RM600,000 for FY11.
Tee said the group plans to spend about RM10 million on new moulds and machinery for its original equipment manufacturing business this year, adding that there is unlikely to be any major capital expenditure. The company has also diversified into plantations as a new engine of growth.
In 2006, the group acquired a 60% stake in PT Rebinmas Jaya, which owns three oil palm plantations in Pulau Belitung, Indonesia. The total planted area is 14,422ha as at September 2011, of which 6,945ha are matured trees.
It also has a 1,449ha plantation in Sungai Rambai, Selangor, with a mature acreage of 1,210ha or 83% as at September 2011.
Delloyd Ventures plans to double its revenue from the plantation segment in three years on higher fresh fruit bunch yield from its Indonesian estates.
“We are taking time to acquire new landbank as prices are still very high,” Tee said.
For the Malaysian plantation operations, the group wants to replant an average of 100ha annually over the next seven years and to complete the replanting of trees which are over 25 years of age by 2021.
This article appeared in The Edge Financial Daily, January 11, 2012.
