ACM sales to reach RM300 million by 2020
Posted on February 23, 2012, Thursday
CHANGLUN: Asian Composites Manufacturing Sdn Bhd (ACM), which supplies high technology composite products to the aerospace industry, expects to double its sales to RM300 million by 2020.
Its general manager, Robert Moray said he was very positive over the company’s prospects, with annual sales showing positive growth and expected to touch RM155 million this year.
“We are investing RM50 million to expand the sole plant in Bukit Kayu Hitam near here, by another 100,000 square feet, and due for completion in September 2013 to fulfill customer obligations.
“A new contract signed last year, with Boeing Company (Boeing) of the US, ensures a bright future in the industry in Malaysia,” he told Bernama.
Moray was met after launching ACM’s corporate social responsibility programme at the Community Services Centre for spastic children, here yesterday.
ACM is the main supplier of aircraft components, namely, Fixed Leadings Edges (FLE), Fixed Trailing Edges (FTE) for Boeing 767 and 777 aircraft and the new-generation Boeing 747-800 as well as aileron panel for the Boeing 737.
The company is a strategic alliance between Malaysian listed companies, Sime Darby Bhd and Naluri Bhd, with Boeing and Hexcel Corp Both the latter companies are US-based.
Moray said with the expansion, ACM would hire another 500 workers, mostly engineers and skilled workers, for a workforce of 1,300.
He also said that ACM would supply its high composite products to a few aerospace and commercial airplane assembly companies in Europe.
“I was assigned here in November 2009 to develop and stablise the company after it went into difficulties.
A 10-year plan, until 2022, was proposed and now we are negotiating with Airbus, another player in the airplane industry.
“The possibility that we will sign an agreement with them is bright,” he added.
He also said the company’s new approach was to send its engineers overseas to meet customers to ensure greater confidence in it and to also know their expectations better.
“This company is a national pride. I hope in a few years time, it will be managed by a Malaysian profesional.
“Now, I am the only expatriate here,” said Moray.
He said ACM’s competitors in the growing aerospace industry come from Thailand, China, Vietnam and the Philippines. — Bernama
