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5. Sapura Industrial Berhad Business Report FY ended Jan. 2019

Sapura Industrial Berhad Business Report FY ended Jan. 2019

Factors
1) Net Sales
-The Company’s sales in the fiscal year ended January 31, 2019 increased by 8.1% to MYR 228.8 million. The increase in sales was primarily due to the successful launches of new models from the Company’s customers near the end of 2017, including the Perodua Myvi, Honda CRV and Mazda CX5.
 

Contracts

-During the fiscal year ended January 31, 2019, the Company supplied components for vehicle models including the Perodua Myvi, Honda CRV and Mazda CX-5. Notably, the Company’s Hot & Cold Forming division supplies coil springs to the Perodua Myvi.

-The Company has secured letters of agreement for future car models from Perodua and Mazda which are expected to produce revenue for the Company starting from the fiscal year ending January 31, 2020.

-The Company supplies transmission components for Akashi Kikai’s manufacturing plant located in Sendayan, Negeri Sembilan, Malaysia.

Awards

-In 2018, the Company was among the Top 10 winners of the Excellent Safety Practice Award and was also the runner-up for the Product Quality Award from Perodua.
 

R&D Facilities

-The Company has a research and development facility located in Bandar Baru Bangi, Selangor, Malaysia.
 

R&D Activities

-In the fiscal year ended January 31, 2019, the Company’s research and development division developed 54 new parts. The Hot & Cold Forming division has also developed hollow stabilizer bars, which is a more cost-effective and energy-effective component for an automotive suspension system.

-The Company is collaborating with the Universiti Malaysia Pahang (UMP) to research the feasibility of commercially producing components for hybrid and electric vehicles.

-The Company’s capital expenditure in the fiscal year ending January 31, 2019 was primarily in preparation for orders from Perodua, Proton, Honda and Mazda.