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Focus Malaysia
2 days ago
- Business
- Focus Malaysia
Chin Hin to procure AAC machinery from Shanghai-listed Jiangsu Teeyer for its 3rd manufacturing plant
CHIN Hin Group Bhd, Malaysia's leading integrated constriction conglomerate, has inked a memorandum of understanding (MOU) with Jiangsu Teeyer Intelligent Equipment Co Ltd, a leading global provider of autoclaved aerated concrete (AAC) production systems listed on the Shanghai Stock Exchange. The MOU entered into through the group's wholly-owned subsidiary Starken AAC Sdn Bhd signifies Chin Hin's strategic expansion into its third AAC manufacturing facility which is set to be situated adjacent to the group's existing factory in Serendah, Selangor. Scheduled for full production by May 31 next year, the new facility will significantly elevate the Chim Hin's production capabilities by adding a capacity of over one million cubic metres per year. Listed on the Shanghai Stock Exchange with a RM3.2 mil market capitalisation, Teeyer is globally acclaimed for its expertise in AAC production systems. With over 35 years in the industry and having exported nearly 150 production lines to over 20 countries, Teeyer is recognised for pioneering technological advancements such as the MES system for precise production management and being the first Chinese company to localise AAC cutting machinery. Currently, Chin Hin's two existing AAC plants have a combined production capacity of about 1.2 million cubic metres. With the addition of this third facility, the group's total AAC production capacity will rise to over 2.2 million cubic metres annually, hence further consolidating its leadership in the building materials industry. 'This strategic partnership with Teeyer is a significant milestone for Chin Hin as it substantially enhances our production capabilities and strengthens our competitive edge in the market,' commented Chin Hin Group's CEO (Building Materials Division) Ng Wai Luen. 'Moreover, Teeyer's extensive global experience and technological expertise align perfectly with our growth strategy to meet rising demand for sustainable and high-quality building materials in Malaysia and beyond.' To-date, Chin Hin has continued its commitment to innovation and sustainable growth by reinforcing its leadership position in Malaysia's integrated building materials industry. This collaboration aligns with the group's on-going efforts to invest in advanced manufacturing capabilities, driving operational efficiency and responding to the increasing market demand for environmentally friendly construction materials. At the close of today's (June 12) market trading, Chin Hin Group was up 3 sen or 1.44% to RM2.12 with 245,600 shares traded, thus valuing the company at RM7.51 bil. – June 12, 2025
The Sun
2 days ago
- Business
- The Sun
Chin Hin to procure AAC machinery from Shanghai-listed Jiangsu Teeyer for its third manufacturing plant
KUALA LUMPUR: Leading integrated builder conglomerate Chin Hin Group Bhd's wholly-owned subsidiary, Starken AAC Sdn Bhd (SAAC), has signed a memorandum of understanding (MoU) with Jiangsu Teeyer Intelligent Equipment Co Ltd, a leading global provider of autoclaved aerated concrete (AAC) production systems listed on the Shanghai Stock Exchange. The MoU marks Chin Hin's strategic expansion into its third AAC manufacturing facility, which is set to be situated adjacent to the group's existing factory in Serendah, Selangor. Scheduled for full production by May 31, 2026, the new facility will significantly elevate the group's production capabilities by adding a capacity of over 1,000,000 cubic meters per year. Chin Hin group CEO for building materials division Ng Wai Luen said this strategic partnership with Jiangsu Teeyer is a significant milestone for Chin Hin, as it substantially enhances production capabilities and strengthens its competitive edge in the market. 'Jiangsu Teeyer's extensive global experience and technological expertise align perfectly with our growth strategy to meet rising demand for sustainable, high-quality building materials in Malaysia and beyond,' he said in a statement. Jiangsu Teeyer, listed on the Shanghai Stock Exchange, has a market capitalisation of approximately RM2.3 billion. The company is globally acclaimed for its expertise in AAC production systems. With over 35 years in the industry and having exported nearly 150 production lines to more than 20 countries, Jiangsu Teeyer is recognised for pioneering technological advancements, such as the MES system for precise production management and being the first Chinese company to localise AAC cutting machinery. Currently, Chin Hin's two existing AAC plants have a combined production capacity of approximately 1,200,000 cubic meters. With the addition of this third facility, the group's total AAC production capacity will rise to over 2,200,000 cubic meters annually, further consolidating its leadership in the building materials industry. Chin Hin continues its commitment to innovation and sustainable growth, reinforcing its leadership position in Malaysia's integrated building materials industry. This collaboration aligns with Chin Hin's ongoing efforts to invest in advanced manufacturing capabilities, driving operational efficiency, and responding to the increasing market demand for environmentally friendly construction materials.
The Sun
03-06-2025
- Business
- The Sun
Ajiya boosts profit margins in Q1 FY25, eyes ESG product launch in July
KUALA LUMPUR: Ajiya Bhd reported a revenue of RM80.97 million and a profit before tax (PBT) of RM8.09 million for the first quarter (Q1) ended March 31, 2025 (FY25). The group's gross profit margin notably improved to 19.48%, up from 17.13% recorded in the corresponding quarter last year, highlighting operational efficiency and enhanced cost management initiatives. Asia Roofing Industries (ARI), a key business division of Ajiya, also demonstrated improved profitability, with its gross profit margin increasing to 20.73% compared to 18.96% in Q1 FY24. ARI director Ng Wai Luen said the company is pleased to report a stable set of results for Q1, highlighting its ability to deliver consistent operational efficiency and effective cost management. 'The resilient Malaysian construction sector continues to support steady demand for our products. 'Going forward, Ajiya, in collaboration with other Chin Hin companies that supply building materials, is embarking on launching ESG-compliant products in July through both our glass and metal divisions.' 'These products will significantly reduce operational and embedded carbon, enabling building and homeowners to benefit from lower cooling costs. 'Additionally, Ajiya Glass Marketing, launched in 2024, has quickly recorded strong growth in the wholesale glass business, opening new revenue opportunities distinct from our traditional glass processing operations. 'In our metal division, we have introduced the Premium Rock series of metal roofing, strategically designed to penetrate the significant residential roofing market traditionally dominated by concrete roof tiles. 'This targeted innovation is expected to contribute positively to our earnings moving forward,' Ng said. Ajiya's balance sheet remains healthy, with strong operating cash flows of RM19.91 million generated during the quarter, further supporting the group's operational stability and growth objectives. The group also has a strong amount of cash, with cash and bank balances well above what they owe, showing their careful financial management and ability to support long-term growth goals. Looking ahead, Ajiya remains cautiously optimistic for the remainder of FY25, given the expected steady performance of the domestic construction industry. The group will continue to focus on operational efficiency, product diversification, timely project delivery, and expansion in regional markets. In line with its sustainability commitment, Ajiya continues integrating environmental, social, and governance (ESG) principles into its business practices, aligning with national ESG goals.
