Nadicorp bus unit expects to triple 2004 revenue


BY SABRY TAHIR IN KAJANG

NADICORP Holdings Sdn Bhd’s coach-building arm Badanbas Sdn Bhd, which was revived a year ago, expects to triple its revenue to RM30mil this year with the introduction of superstructure coaches. 

Nadicorp executive chairman Datuk Mohd Nadzmi Mohd Salleh said Badanbas had invested RM1mil since early last year to upgrade and revived its coach fabrication operations in Kajang, which allowed it to double its capacity to 200 units per year. 

Badanbas, which started operations in 1977 as a pioneer in bus fabrication and building but ceased operations many years back, built 40 superstructure coaches last year, achieving some RM10mil in turnover. 

Datuk Mohd Nadzmi Mohd Salleh

The company started last year with a capacity of 100 units annually, sufficient for Nadicorp group, which owns bus operators Park May Bhd and Transnasional Holdings Bhd. 

“Now our current capacity is sufficient to supply to buyers outside Nadicorp group,” Nadzmi said after the launch of the superstructure coach by Transport Minister Datuk Seri Chan Kong Choy in Kajang yesterday. 

Nadzmi said Badanbas was confident of sustaining its business this time around as it had secured long-term orders from Transnasional. Moreover, the company has secured other orders, including from public operators and the Education Ministry. 

The company expects to increase capacity to produce some 300 buses a year by 2005. 

Nadzmi said all the 40 buses built last year complied with Australian Design Rules (ADR), which was made possible by a technology collaboration with Australia-based Bus and Coach International. 

He said Badanbas’ buses were the only buses in the country to pass ADR’s roll-over and crash test. 

Badanbas' revolutionary building process includes the use of non-corroding lightweight but tough materials such as single-piece carbon-fibre for the roof and galvanised steel and aluminium for the structure and body. The bus also features a centralised electrical console system for easy inspection and maintenance.  

 Stock Watch On PARKMAY

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

Next In Business News

Microsoft earnings rise as pandemic boosts cloud computing, Xbox sales
Oil prices steady as virus deaths rise, demand worries persist
GLOBAL-MARKETS-Stocks slip from highs; investors wait on Fed
Daily oil palm activities in Sabah to continue amid SOPs - associations
SK Nexilis to build RM2.3bil copper foil facility in Kota Kinabalu�
Gabungan AQRS wins RM83.57mil job
BSL Corp slides over unsuccessful corporate exercise
RGT to speed up expansion as Q2 profit soars on strong export
Duopharma to supply 6.4 million doses of Sputnix V vaccine�
Pharmaniaga signs deal to supply 12 million doses of vaccine to MOH

Stories You'll Enjoy


-->