Ajiya aims to capture bigger market share


  • Business
  • Saturday, 23 Apr 2005

By ZAZALI MUSA IN Segamat, Johor

Ajiya Bhd aims to establish and position itself as one of the leading industrial building system (IBS) providers in Malaysia within the next two years. 

Group managing director Chan Wah Kiang said in view of the stiff competition in the local construction industry, being ranked among the top IBS providers would better position Ajiya to capture a bigger slice of the building materials market.  

“As an IBS provider, a company must have the reputation for producing high quality products and render good service to clients,” Chan told StarBiz after the company’s AGM yesterday. 

He said as a one-stop integrated centre for building materials, Ajiya could deliver the products to its clients according to their specifications. 

Chan said building materials supplied to clients' projects would be measured and pre-fabricated at Ajiya's factories in Segamat in Johor, Puchong in Selangor and Sungai Petani in Kedah. 

The factories produce metal-based products, namely metal and aluminium ceiling steel trusses, metal floor beams, metal windows and doorframes. 

As pre-fabricated materials could be installed immediately at the site, using such materials could help contractors save on man-hours especially when Malaysia was dependent on foreign construction workers, Chan said. 

He said most project contractors and consultants liked to deal directly with the IBS providers as the latter could provide what they needed under one roof. 

Chan said for instance, contractors who ordered window frames from a non-IBS company would get only the frames and not the glass panes. 

“Ajiya provides the complete window set with frames, glass panes, hinges or railings, thus saving time for the contractor,” he added. 

Chan said the company was glad that the government had decided to proceed with 26 construction projects costing RM2.4bil, which would revive local construction activities. 

For the financial year ended Nov 30, 2004, the company recorded RM156.308mil turnover against RM166.343mil in 2003. Its pre-tax profit stood at RM19.995mil in 2004 compared with RM19.604mil previously. 

 AJIYA :  [Stock Watch]  [News]

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