OM Holdings secures spot on Fortune Southeast Asia 500 list for second year
The company's flagship smelting facility in Sarawak remains one of the largest and most cost-efficient in the region outside China, supporting its competitive edge.
KUALA LUMPUR (June 19): OM Holdings Limited (OMH), an international manganese and silicon smelting group, has once again made it onto the Fortune Southeast Asia 500 list, ranking 378th this year.
This marks the second consecutive year the company has been included in the prestigious list, which recognises the top-performing companies in the region based on annual revenue.
'The company's continued inclusion on the Fortune Southeast Asia 500 list is a strong validation of its scale, resilience and sustained operating and financial performance, amid a period of elevated market volatility since 2024,' it said in a statement on Tuesday.
OMH executive chairman and CEO Low Ngee Tong said the recognition affirms the consistency of the company's strategy and operational discipline, particularly during a year where the ferroalloy markets experienced significant pricing swings and cost pressures.
'In 2024, we operated in an environment marked by sharp manganese alloy price movements, regulatory shifts in China impacting ferrosilicon trade, and broader macroeconomic headwinds.
Through it all, our team remained focused on cost control, procurement discipline, and production optimisation.
'These efforts enabled us to deliver record production volumes, remain profitable, and continue creating long-term shareholder value,' he said.
For the financial year ended Dec 31, 2024, the group recorded revenue of US$654.3 million, an increase of 11 per cent from the previous year.
It sold over 500,000 tonnes of ferrosilicon and silicomanganese. Earnings before interest, tax, depreciation and amortisation (EBITDA) came in at US$76.0 million, with net profit after tax at US$9.7 million.
OMH also declared a final dividend of A$0.004 per share.
The company's flagship smelting facility in Sarawak remains one of the largest and most cost-efficient in the region outside China, supporting its competitive edge.
OMH also maintains a trading and marketing presence in Singapore, Japan, and China, and owns a manganese asset in Australia targeted for ultra-fines processing.
The Fortune Southeast Asia 500 list, launched in June 2024, highlights the region's top companies based on revenue. corporate news Fortune Southeast Asia 500 OM Holdings Limited
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
an hour ago
- The Sun
NanoMalaysia, CIMA team up to develop graphene-enhanced concrete
PETALING JAYA: NanoMalaysia Bhd and Cement Industries of Malaysia Bhd (CIMA) have entered into a partnership to drive the development of graphene-enhanced concrete, aiming to transform Malaysia's construction industry by addressing critical environmental and performance challenges. The partnership also aims to pioneer the integration of nanotechnology into the construction industry, focusing on delivering concrete solutions that not only meet but exceed all key technical performance criteria. By advancing innovation in materials science, it is foreseen that the development of a new generation of green and sustainable concrete will be designed to support long-term environmental goals while elevating industry standards. The graphene-enhanced concrete is a groundbreaking, sustainable building material that locks in solid carbon derived from greenhouse gas atmospheric emissions. NanoMalaysia CEO Dr Rezal Khairi Ahmad said this collaboration with CIMA reinforces the company's commitment to bridging nanotechnology and sustainable construction. 'Graphene-enhanced concrete offers distinct advantages in reducing the carbon footprint of Malaysia's infrastructure sector through capturing solid carbon processed from polluting gaseous emissions, while providing next-generation building materials that are stronger, more durable, and environmentally responsible. 'Ultimately, our goal is to catalyse adoption across key sectors such as ready-mix concrete, roadworks, and smart urban developments, positioning Malaysia at the forefront of green construction innovation based on this unique carbon capture approach,' he said in a statement. NanoMalaysia is a company limited by guarantee under the Ministry of Science, Technology and Innovation, while CIMA is a wholly owned subsidiary of UEM Group Bhd. CIMA not only serves as the technology recipient but also provides real-world insights throughout the research process, ensuring practical application and industry relevance. Universiti Teknologi Petronas is supporting the project with specialised research expertise. Market forecasts highlight the technology's potential, with the Asia-Pacific segment expected to grow from US$6.1 million in 2020 to US$18.8 million (RM80 million) by 2025 and reach US$54.9 million by 2030. Rising demand for eco-friendly materials in urban and smart city projects underpins this growth. CIMA managing director Hairol Azizi Tajudin said that as Malaysia's leading cement and concrete producer, the company is ready to lead the way in sustainable construction and innovative solutions. 'This partnership reflects a continuation in our unwavering commitment to advancing low-carbon technologies and supporting Malaysia's ambition to achieve carbon neutrality by 2050. Through initiatives like this, we aim not only to meet the evolving demands of our industry but also to champion environmental responsibility, in line with global sustainability benchmarks.' While challenges such as the high cost of graphene derivatives and limited production scale exist, the project aims to overcome these through intellectual property development, technology localisation and policy advocacy.
Malay Mail
3 hours ago
- Malay Mail
Ringgit retreats against dollar on Fed inflation forecast, climbs against regional peers
KUALA LUMPUR, June 19 — The ringgit continued to end lower against the greenback on Thursday, weighed down by emerging concerns over the global financial outlook, a dealer said. At 6 pm, the local note slid to 4.2590/2625 versus the US dollar from yesterday's close of 4.2500/2550. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit depreciated to as low as RM4.2633 during the morning session as the United States Federal Open Market Committee (FOMC) members were reluctant to cut rates excessively in light of concerns over higher inflation risk in the second half of 2025. 'This was reflected in their latest quarterly forecast of Personal Consumption Expenditures Price Index (PCE) inflation, which is expected to reach 3.0 per cent for 2025 versus the actual figure of 2.1 per cent in April 2025,' he told Bernama. He added that sentiments will remain guarded as the market participants are wary of the potential escalation of the Israel-Iran conflict. Conversely, the ringgit traded higher against a basket of major currencies at the close. It rose against the British pound to 5.7164/7211 from 5.7218/7285 at the close on Wednesday, gained vis-à-vis the euro to 4.8868/8908 from 4.8888/8945 yesterday and appreciated versus the Japanese yen to 2.9286/9312 from 2.9322/9359 previously. The ringgit was also higher against its Asean peers. It advanced versus the Indonesian rupiah to 259.5/259.9 from 260.5/260.9 on Wednesday, strengthened against the Singapore dollar to 3.3072/3102 from 3.3074/3115 yesterday, and was up vis-à-vis the Thai baht to 12.9966/13.0513 from 13.0240/0449 previously. The local unit also rose against the Philippine peso to 7.41/7.42 from 7.46/7.48 at yesterday's close. — Bernama
New Straits Times
3 hours ago
- New Straits Times
Global investment decline may worsen due to tariffs, UN trade agency warns
GENEVA: Global foreign direct investment fell for the second consecutive year in 2024, with fears this year could be even worse as trade tensions rock investor confidence, the United Nations agency for trade and development said in a report published on Thursday. Foreign Direct Investment transactions, which do not include several European conduit economies, declined by 11 per cent, indicating a significant reduction in actual productive investment activity, according to UNCTAD. Geopolitical tensions and trade fragmentation contributed to lower investment last year as they created uncertainty, which UNCTAD Secretary-General Rebeca Grynspan described as a "poison" for investor confidence. "We are even more worried about the picture in already feel that investment is are affecting growth," Grynspan told Reuters, with short-term risk management being prioritised over long-term investment. UNCTAD said its outlook for international investment in 2025 was negative due to trade tensions. Early data for the first quarter of 2025 shows record low deal and project activity. When several European conduit economies - which act as intermediary hubs where investments temporarily pass through before reaching their final destinations - are included, the data showed that FDI increased by 4 per cent to US$1.5 trillion. However, UNCTAD noted that this figure masks the reality that much of this investment is merely passing through these jurisdictions and was not productive. "We see a very worrying that has a real impact on jobs and infrastructure is going down," she said. Developed economies suffered a sharp drop in investment, with a 58 per cent decrease in Europe. North America, however, observed a 23 per cent increase in FDI, led by the US, while countries in Southeast Asia reached the second-highest level of FDI on record with a 10 per cent rise, representing US$225 billion. Though capital inflows in developing countries were broadly stable, UNCTAD observed that capital was not being injected into crucial job-creating sectors such as infrastructure, energy and technology.
