ANNUAL REPORT 2014
9
As we brace ourselves for another tough year in 2015,
the Group is cognisant of the challenging environment,
namely, current slide in crude oil prices, weakening ringgit,
Goods and Services Tax implementation and uncertain
global economy.
The Group will be vigilant and develop strategies in
responding accordingly to the changing business
dynamics, whilst remaining focus on its transformation for
growth strategy to sustain top and bottom-line growth.
Initiative to capitalize our core manufacturing capabilities
will be carried out through regional expansion via
exploiting business acquisition opportunities and plant
set-up. We aim to build a solid platform in ASEAN region
and establishing a resilient revenue streams.
Another effort in enhancing our design and development
team is to seek collaboration with institutions of higher
learning and leveraging on our global technical partners.
The Group remains committed with strong emphasis in
research and development.
Standardising our processes and upgrading machines
underpin our strategy to improve productivity and cost
management. In achieving this, the key initiatives undertaken
by the Group include implementing the APM Manufacturing
System, embracing automation, harnessing solar energy and
processing upstream products manufacturing.
Prospect and Strategic Directions
Going Forward
PRESIDENT’S
STATEMENT
Launching of APM Manufacturing System (AMS)
Omega Tram Seat
E-Class Tram Seat
As part of the organisation structural enhancement
programme, the Group is transforming its information
technology by implementing a new single platform
Enterprise Resource Planning System across the Group
that integrates varied organisational systems using
common database for greater standardisation to maximize
group synergy benefits. To deliver cost benefits through
economies of scale, we continue to consolidate our
suppliers’ base across the Group. ASEAN has become an
important platform for APM’s multi-sourcing.
The Group continues to cultivate a high performance
culture and has invested significantly in human resource
management system in nurturing its talents, developing
future leaders and succession planning.
The Group believes that with these strategies and action
plans going forward, we will continue to expand our revenue
portfolio and be resilient in the competitive environment.
