ศูนย์สารสนเทศยานยนต์ สถาบันยานยนต์ - ศูนย์สารสนเทศยานยนต์ สถาบันยานยนต์

Company Name

APM Automotive Holdings Berhad

Headquarters:

Lot 1, Jalan 6/3, Kawasan Perusahaan Sri Kembangan, 43300 Sri Kembangan, Selangor Darul Ehsan, Malaysia.

Homepage:

Business
Segment :

-The Group is one of the leading automotive components manufacturers in Malaysia, which consists of the Suspension Division, the Interior & Plastic Division, the Electrical & Heat Exchange Division, the Marketing Division, and the Overseas Division.

-The Group consists of the following automobile related companies:

Company	Products
Suspension division
APM Shock Absorbers SDN BHD	Shock absorbers, Gas springs
APM Springs SDN BHD	Leaf springs, Parabolic springs
APM Coil Springs SDN BHD	Coil springs
Interior & Plastic division
Auto Parts Manufacturers Co. SDN BHD	Automotive seats (Car seats, Bus seats)
APM Plastics SDN BHD	Interior injection parts (Door panel systems, pillars), Exterior injection parts (Bumpers)
Fuji Seats (Malaysia) SDN BHD	Automotive seats
Electrical & Heat exchange division
APM Auto Electrics SDN BHD	Starter motors, Alternators, ECU, Throttle bodies
APM Climate Control SDN BHD	Air-conditioning systems (Condensers, Evaporators, Radiators)

Products:

Suspension Division

Leaf ｓprings
Parabolic ｓprings
Shock absorbers
Coil springs
U-bolts
Gas springs

Interior & Plastic Division

Automotive seats
Interior trims
Door panels
Plastic parts
Body side mouldings

Electrical & Heat Exchange Division

Starter motors
Alternators
Wiper systems
Distributors
Engine management systems
Throttle bodies
Air-conditioning systems
Condensers
Evaporators
Compressors
Radiators

Customers:

Major supply agreements

	Suspension				Electrical & Heat exchange			Interior & Plastic
	Coil springs	Leaf springs	Shock absorbers	Ｕ-bolts	Electrical parts	Air- conditioning system	Radiators	Seats	Plastic parts
Audi	○		○		○	○	○	○	○
BMW	○		○		○		○		○
Citroen	○		○		○	○			○
Daihatsu	○	○		○				○	○
Ford	○	○	○	○	○	○	○	○	○
Hino		○						○	○
Honda	○				○				○
Hyundai	○		○		○	○	○	○	○
Inokom	○	○	○	○	○	○	○		○
Isuzu	○	○	○	○	○	○		○	○
Jeep	○	○	○	○	○	○	○	○	○
Kia		○	○		○		○
Land Rover	○	○	○		○		○	○	○
Lion (Dong Feng)		○
Mazda	○	○	○		○		○	○	○
Mercedes	○	○	○		○		○	○	○
Mitsubishi	○	○	○	○	○		○	○	○
Modenas					○
MTB		○	○	○	○	○		○	○
Naza									○
Nissan	○	○	○	○	○	○	○	○	○
Perodua	○	○	○			○	○	○	○
Peugeot	○		○		○		○	○	○
Proton	○	○	○	○	○	○	○	○	○
Renault	○		○		○	○		○	○
Scania		○				○
Subaru	○		○	○	○	○	○	○	○
Ssangyong	○		○			○			○
Suzuki	○	○	○	○	○	○	○	○	○
Tata	○	○	○	○	○			○	○
Toyota	○	○	○			○		○	○
Volvo	○	○		○	○	○	○

Shareholders :

Listed on Bursa Malaysia.

(As of 31 Mar. 2010)

Company	Shareholding (%)
Tan Chong Consolidated Sdn Bhd	31.217
HSBC Nominees (Tempatan) Sdn Exempt An for HSBC (Malaysia) Trustee Berhad (D09-6061)	8.208
Wealthmark Holdings Sdn Bhd	5.577
Amanahraya Trustees Berhad Public Islamic Optimal Growth Fund	3.958
AMSEC Nominees (Tempatan) Sdn Bhd AmBank (M) Berhad (Hedging)	3.900
Amanahraya Trustees Berhad Public Index Fund	2.090
Cartaban Nominees (Asing) Sdn Bhd BBH (Lux) SCA for Fidelity Funds Asean	2.020
Amanahraya Trustees Berhad Public Islamic Equity Fund	1.698
Citigroup Nominees (Tempatan) Sdn Bhd Exempt An for Prudential Fund Management Berhad	1.641
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (CIMB Prin)	1.555
Total (Top 10 shareholders)	61.864

Board Member :

Tan Heng Chew (Executive Chairman)

Business Highlights :

Financial Overview

(in million RM)

	FY2010	FY2009	Rate of change(%)	Factors
Overall
Sales	1,178	918	28.3	-
Operating profit	184	100	84.0	-

Business Overview

Suspension Division
-Sales amounted to RM 219.7 m (FY2009: RM 206.9m) which were up 6.3%. This division contributed approximately 14% to the Group's gross revenue in 2010.
-Pretax profit for the year fell by 3.9% to RM 24.7m (FY2009: RM 25.7m) due to higher expenses incurred for the shifting and the realignment of plant facilities to improve efficiencies.

Interior & Plastic Division
-Sales rose by 40.9% to RM 713.2m (FY2009: RM 506.3m).

-Pretax profit for the year rose by 117.3% to RM 104.1m (FY2009: RM 47.9m) as a result of restructuring and consolidation efforts.

Electrical & Heat Exchange Division
-Sales rose by 25.5% to RM 266.2m (FY2009: RM 212.1m).
-Pretax profit for the year rose by 289.6% to RM 26.1m (FY2009: RM 6.7m) mainly due to lower overhead costs as a result of higher output and partly due to the lower imported costs as a result of the strengthening of the Ringgit.

Operations outside Malaysia
-Sales rose by 45.7% to RM 160.0m (FY2009: RM 109.8m).
-The significant increase was due mainly to strong vehicle sales in the growing economy of Indonesia, which boosted the Group's sales to OEM customers such as Nissan, Isuzu, Suzuki and Mitsubishi.

<Indonesia>
-The Group has three joint ventures manufacturing and distributing seats, interior parts and coil springs.
-The seatings and interior businesses had benefited directly from the surge in the demand for components and parts due to higher vehicle sales.

<Vietnam>
-Pretax loss for the year amounted to RM 32.9m (FY2009: Profit RM 1.4m)
-Vehicle sales dropped 6.0 percent year-on-year in Vietnam, which has not recovered fully from the 2009 economic crisis. The resulting decline in sales as well as higher overheads for new plants led to the loss.

<Australia>
-The Group's business in Australia suffered a 10.9 percent decline in revenue and a 29.5 percent drop in pretax operating profit because of stiff competition from both imports and locally made products.

New Company

-In 2010, the Company established APM Engineering & Research Sdn Bhd, which provides engineering design and development services to companies with in the Group. The Group thereby intends to transform from a production-oriented company to a comprehensive auto parts supplier with advanced design and development functions.

Restructuring

-In March 2010, the Company dissolved APM Components (USA) Inc., its wholly owned subsidiary that has been inactive since 2007. As there was no new business plan for this corporation, the Group decided on the dissolution to save on administrative expenses.

R&D

R&D Expenditure

(in million RM)

	FY2010	FY2009
Overall	2.2	2.1

R&D Structure

-APM Engineering & Research Sdn Bhd provides engineering design and development services to companies with in the Group.
-The Company is collaborating with Universiti Kebangsaan Malaysia on research and development activities. It is expected to invest approximately US $3.0 million on software, hardware, testing and prototyping, excluding manpower costs, over a 3-year period.

Technological Alliance

Product	Company
Coil springs	NHK Spring
Leaf springs	Horikiri
Electrical parts	Mitsubishi Electric
Electrical parts	Mikuni
Air-Conditioning system	Valeo
Radiators	Calsonic Kansei
Seats	Tachi-S
Plastic parts	Fuji seat

Affiliates
Companies :

Major Subsidiaries and Affiliates (Automotive related)

Company	Business line	Voting rights/ ownership ratio (%)
Subsidiaries
APM Auto Electric Sdn. Bhd.	Manufacture and sale of automotive electrical components	100
APM Climate Control Sdn. Bhd.	Manufacture and sale of automotive air-conditioners and radiators	100
APM Coil Springs Sdn. Bhd.	Manufacture and sale of automotive coil springs	100
APM Plastics Sdn. Bhd.	Manufacture and sale of plastic injection and extrusion moulded parts and components	100
APM Seatings Sdn. Bhd. (held via 100% owned subsidiary, Auto Parts Holdings)	Manufacture and sale of automotive seats	100
APM Shock Absorbers Sdn. Bhd.	Manufacture and sale of shock absorbers and related component parts	100
APM Springs Sdn. Bhd.	Manufacture and sale of automotive leaf springs	100
APM Springs (Vietnam) Co., Ltd. (held via 100% owned subsidiary, APM Automotive International)	Manufacture and sale of automotive suspension parts	100
Auto Parts Manufacturers Co. Sdn. Bhd.	Manufacture and sale of seats	100
Radiators Australia (2000) Pty. Ltd. (held via 100% owned subsidiary, Auto Parts Holdings)	Distribution and assembly of automotive and industrial radiators and other automotive components	100
Fuji Seats (Malaysia) Sdn. Bhd. (held via 100% owned subsidiary, APM Parts Holdings)	Manufacture and sale of automotive seats and components	60
P.T. APM Armada (held via 100% owned subsidiary, Auto Parts Holdings)	Manufacture and distribution of coil springs and leaf springs	80
APM Engineering & Research Sdn. Bhd.	Provision of engineering design and development services	100
APM Auto Components (Vietnam) Co., Ltd. (held via 100% owned subsidiary, APM Automotive International)	Manufacture and sale of automotive seats and its components, shock absorbers, radiators and air-conditioner parts for automobiles	100
APM Automotive International Ltd.	Investment holding	100
Auto Parts Holdings Sdn. Bhd.	Investment holding	100
APM Holdings Inc. (held via 100% owned subsidiary, Auto Parts Holdings)	Investment holding	100
Joint ventures
P.T. APM Armada Autoparts (held via 100% owned subsidiary, Auto Parts Holdings)	Manufacture and sale of automotive interior products	50
P.T. Armada Johnson Controls (held via 50% jointly controlled entity, P.T. APM Armada Autoparts)	Manufacture and sale of automotive seat products	30

Sales Data:

Sales

(in million RM)

	FY2010	FY2009
Sales	1,178	918

Sales by Segment

(in million RM)

	FY2010		FY2009
	Sales	Segment Profit	Sales	Segment Profit
Suspension Division	219	24	206	25
Interior & Plastic Division	713	104	506	47
Electrical & Heat Exchange Division	266	26	212	6
Marketing Division	188	12	165	11
Overseas Division	160	16	109	8
Others	20	0.2	20	(0.1)
Eliminations	(389)	0.3	(302)	0.05
Total	1,178	184	918	100

Financial Status :

http://www.marklines.com/img/500/pdf/s500_507_fy2010.pdf

Source :

http://www.apm-automotive.com

สมัครสมาชิกวันนี้

APM Automotive Holdings Berhad

Financial Overview

Business Overview

New Company

Restructuring

R&D

R&D Expenditure

R&D Structure

Technological Alliance

Major Subsidiaries and Affiliates (Automotive related)

Sales

Sales by Segment

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