DRB-HICOM Berhad () is one of

Malaysia Malaysia is a country in Southeast Asia. Featuring the Tanjung Piai, southernmost point of continental Eurasia, it is a federation, federal constitutional monarchy consisting of States and federal territories of Malaysia, 13 states and thre ...

's leading corporations, involved in the automotive manufacturing, assembly and distribution industry through its involvement in the passenger car and four wheel drive vehicle market segment, the national truck project and the national motorcycle project. DRB-HICOM is the majority shareholder of Malaysia's national car company,

Proton A proton is a stable subatomic particle, symbol , Hydron (chemistry), H+, or 1H+ with a positive electric charge of +1 ''e'' (elementary charge). Its mass is slightly less than the mass of a neutron and approximately times the mass of an e ...

, with China's Zhejiang Geely Holding Group the other shareholder since an equity sale in 2017. The Group also owns national motorcycle company

Modenas ''Syarikat Motosikal dan Enjin Nasional Sdn. Bhd'' (National Motorcycle and Engine Company), or known as Modenas for short is a Malaysian national motorcycle company producing various small motorcycle models below 400cc targeted for local marke ...

, with Japanese two-wheeler giant Kawasaki as its partner. DRB-HICOM assembles cars in Malaysia for

Tata Motors Tata Motors Limited is an Indian Multinational corporation, multinational Automotive industry, automotive company, headquartered in Mumbai and part of the Tata Group. The company produces passenger cars, cars, trucks, vans, and busses, buses. T ...

Honda commonly known as just Honda, is a Japanese multinational corporation, multinational Conglomerate (company), conglomerate automotive manufacturer headquartered in Minato, Tokyo, Japan. Founded in October 1946 by Soichiro Honda, Honda has bee ...

Isuzu , commonly known as Isuzu (, ), is a Japanese multinational automobile manufacturer headquartered in Yokohama, Kanagawa Prefecture. Its principal activity is the production, marketing and sale of Isuzu commercial vehicles and diesel engines ...

Mercedes-Benz Mercedes-Benz (), commonly referred to simply as Mercedes and occasionally as Benz, is a German automotive brand that was founded in 1926. Mercedes-Benz AG (a subsidiary of the Mercedes-Benz Group, established in 2019) is based in Stuttgart, ...

and

Volkswagen Volkswagen (VW; )English: , . is a German automotive industry, automobile manufacturer based in Wolfsburg, Lower Saxony, Germany. Established in 1937 by German Labour Front, The German Labour Front, it was revitalized into the global brand it ...

, with plans for expansion. The Group also retails various brands such Audi (via Euromobil Sdn Bhd), Mitsubishi (via EON Auto Mart Sdn Bhd) and Volkswagen (via HICOM Auto Sdn Bhd). Besides automotive concerns, DRB-HICOM's core business focuses are in the services (postal, banking, vehicle inspections) and property & infrastructure sectors. These are conducted via several companies such as Pos Malaysia,

Bank Muamalat Bank Muamalat Indonesia (BMI), commonly called as Bank Muamalat, is a commercial bank in Indonesia operating on the principles of Islamic banking. The bank was founded in 1 November 1991, based on the initiative of the Indonesian Council of Ula ...

, and Puspakom. It is also the owner of two education institutions, namely

DRB-HICOM University of Automotive Malaysia DRB-HICOM Berhad () is one of Malaysia's leading corporations, involved in the automotive manufacturing, assembly and distribution industry through its involvement in the passenger car and four wheel drive vehicle market segment, the national ...

and Akademi Saga in

Pekan, Pahang Pekan is a town in Pekan District, Pahang, Malaysia. It is also the royal capital of the state. Its name comes from a flower, the '' Bunga Pekan''. Pekan is also the name of the district the town is situated in, and a parliamentary constitu ...

. The latter is a vocational training centre that produces trained mechanics. The Group also has a significant presence in the defence industry. Through

DRB-HICOM Defence Technologies DRB-HICOM Defence Technologies Sdn Bhd, officially known as DEFTECH, is a Malaysian defence contractor involved in the development, manufacture, supply, deliver and commissioning of armoured, non-armoured, and logistic vehicles for the militar ...

, it designs, develops, manufactures and supplies armoured and logistics vehicles for military and homeland security use. It supplies mainly to the Government of Malaysia.

History

HICOM was originally incorporated on 11 March 1910 under The Companies Enactment 1897 as The New Serendah Rubber Company Limited. The name of the company was changed to The New Serendah Rubber Company Berhad on 15 April 1966. Subsequently, on 16 December 1993, it changed its name to HICOM Holdings Berhad pursuant to a restructuring exercise. It was incorporated in 1980 as the Heavy Industries Corporation of Malaysia Berhad (HICOM). Diversified Resources Berhad (DRB) was incorporated in 1990 as Peerless Assets Sdn Bhd. It was changed to DRB in September 1991, and listed itself on Malaysia's main bourse in September the following year. In 1996, both companies merged to form the largest conglomerate in Malaysia. DRB-HICOM was listed on the Main Board of the KLSE on 4 September 1992 and assumed its present name on 11 May 2000. Within the manufacturing capabilities of DRB-HICOM is CTRM, a specialist composites products manufacturer, and counts

Airbus Airbus SE ( ; ; ; ) is a Pan-European aerospace corporation. The company's primary business is the design and manufacturing of commercial aircraft but it also has separate Airbus Defence and Space, defence and space and Airbus Helicopters, he ...

Boeing The Boeing Company, or simply Boeing (), is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and missiles worldwide. The company also provides leasing and product support s ...

and

Learjet Learjet was a manufacturer of business jets for civilian and military use based in Wichita, Kansas, United States. Founded in the late 1950s by William Powell Lear as Swiss American Aviation Corporation, it became a subsidiary of Canadian Bomba ...

as their aviation customers. The plant in

Melaka Malacca (), officially the Historic State of Malacca (), is a state in Malaysia located in the southern region of the Malay Peninsula, facing the Strait of Malacca. The state is bordered by Negeri Sembilan to the north and west and Johor to t ...

houses 12 autoclaves, the largest number of autoclaves in a facility in

ASEAN The Association of Southeast Asian Nations, commonly abbreviated as ASEAN, is a regional grouping of 10 states in Southeast Asia "that aims to promote economic and security cooperation among its ten members." Together, its member states r ...

. On 8 March 2018, the Group announced a major shift in the direction of their property sector. In a cash plus land swap deal with companies owned by their majority shareholder, DRB-HICOM announced the sale of several plots of land and all its hospitality assets. This shift will see DRB-HICOM exiting the hospitality industry with the sale of Glenmarie Golf & Country Club, Holiday Inn Glenmarie KL and Vivanta by Taj at Rebak Island Marina. This transaction was completed on 31 December 2020. Five months later, on 1 August 2018, DRB-HICOM announced the sale of their waste management company Alam Flora Sdn Bhd (AFSB) to Malakoff Corporation Berhad. Included in the deal valued at RM1.0b was DRB-HICOM Environmental Services Sdn Bhd (DHES), a unit of AFSB. After several extensions of time, the deal was finally completed on 5 December 2019.

Significant companies under DRB-HICOM

Subsidiaries

* PROTON Holdings Berhad – DRB-HICOM is a majority shareholder of PROTON, with Zhejiang Geely Holding Group Limited owning 49.9% equity in the national car company. * Pos Malaysia Berhad – Malaysia's national post services provider. Pos Malaysia is listed on Bursa Malaysia. *

Bank Muamalat Malaysia Bank Muamalat Malaysia Berhad ( Jawi: ) started its operations on 1 October 1999 with a combined assets and liabilities brought over from the Islamic banking windows of the then Bank Bumiputra Malaysia Berhad, Bank of Commerce (M) Berhad and ...

- Bank Muamalat is an Islamic bank that offers a variety of products that are compliant with Shariah law. * CTRM - a Batu Berendam, Melaka-based composites specialist that supplies to the global aviation industry. * Motosikal Dan Enjin Nasional Sdn Bhd (Modenas)br>
equity of 81% – Motorcycle manufacture and related components. * HICOM Automotive Manufacturers Malaysia Sdn Bhd (formerly known as Automotive Manufacturers (Malaysia) Sdn Bhd) - Assembly of Volkswagen passenger vehicles. * Deftech – Defence vehicles manufacturer based in Pekan, Pahang. * Edaran Otomobil Nasional (EON) - a multi-brand dealer of vehicles, covering PROTON, Audi (Euromobil Sdn Bhd), Volkswagen (HICOM Auto Sdn Bhd, Mitsubishi (EON Automart Sdn Bhd) * Automotive Corporation Malaysia Sdn Bhd (ACM)

– Authorised dealer for Isuzu Malaysia, Isuzu Malaysia Sdn Bhd. * DRB-HICOM Auto Solutions Sdn Bhd * HICOM Diecastings Sdn Bhd - Casting and Machining company incorporated in 1985. * Puspakom Sdn Bhd – Vehicle inspection centre.
DRB-HICOM University of Automotive Malaysia

PHN Industry Sdn Bhd
- An automotive component manufacturing group of companies which consist of PHN Industry Sdn Bhd and its subsidiaries Oriental Summit Industries (OSI) Sdn Bhd and DRB-HICOM Mechatronics Sdn Bhd (DHMSB). * HICOM-TECK SEE Manufacturing (Malaysia) Sdn Bhd – Equity of 51%. Manufacturer of automotive plastics components.

Associated companies

* Honda (Malaysia) Sdn Bh

– equity of 34% * Mitsubishi Motors Malaysia Sdn Bhd – Equity of 48%. *

Isuzu HICOM Malaysia Isuzu HICOM Malaysia Sdn. Bhd. (IHM) is a Malaysian commercial vehicle manufacturer operating under a joint venture between the DRB-HICOM and Isuzu companies, based in Peramu Jaya Industrial Area in Pekan, Malaysia. The company was established ...

br>
Assembly of lights/heavy duty trucks, bus and passenger cars. Equity of 49%. * Isuzu Malaysia Sdn Bhd – Equity of 49%. * Suzuki Malaysia Automobile Sdn Bhd – Equity of 40% * Suzuki Motorcycle Malaysia Sdn Bhd – Motorcycle engines & components * HICOM-Yamaha Manufacturing (Malaysia) Sdn Bhd – Equity of 45%. Manufacturer of Yamaha motorcycle engines and components. Incorporated 1983. * Pos Logistics Berhad – Logistics, Warehousing, Distribution, Automotive, Freight Forwarding & Haulage Services. Equity of 61.6%.

References

External links

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DRB-HICOM
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