Sime Darby completes acquisition of UMW majority stake, appoints new UMW President & Group CEO autobuzz.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autobuzz.my Daily Mail and Mail on Sunday newspapers.
UMW Holdings Bhd, the company behind one out of two vehicles sold in Malaysia last year, has officially become the indirect subsidiary of Sime Darby Bhd.
PETALING JAYA: UMW Group’s wholly owned subsidiary, UMW Industrial Power Services Sdn Bhd (UIPS), an authorised distributor of Innio’s Jenbacher engin.
Among top read stories are tough times for mechanical and electrical sector, MR DIY, Sapura Energy
, JanaNiaga, Socso, UMW Equipment and Proton
Coronavirus outbreak
AstraZeneca Plc has told Thailand it should be able to supply around 6 million doses of its COVID-19 vaccine per month, leaked correspondence showed, contradicting assertions by Thai officials that the government had been promised 10 million.
Thailand s push for 10 million monthly doses comes as it considers imposing vaccine export curbs on Thai-manufactured vaccine to shore up domestic supplies, a move that could create problems for its neighbours, some of which are battling similar or more severe coronavirus crises.
Despite the challenges, UMW Equipment’s president Megat Shahrul Azmir (pic) said the group was optimistic of its growth prospects amid the ongoing changes in the business environment.
KUALA LUMPUR: An evolving economic landscape due to the Covid-19 pandemic has necessitated a rethink on how UMW Holdings Bhd
’s unit UMW Equipment Sdn Bhd does business.
Despite the challenges, UMW Equipment’s president Megat Shahrul Azmir (pic) said the group was optimistic of its growth prospects amid the ongoing changes in the business environment.
He told StarBiz: “Growth hinges on the various initiatives undertaken to expand the business, build resilience and increase productivity. We are further supported by our market leadership positions in various industry segments, strong product line-up, good support from principals and wide distribution networks.”