myMCSB plans to explore new markets


  • Business
  • Thursday, 26 Oct 2006

KUALA LUMPUR: myMCSB Sdn Bhd, a unit of second board-listed MCSB Systems (M) Bhd, plans to expand its domestic and regional presence, said chief executive officer Julius Lim Sheng Loong. 

He said the company was currently in talks with some potential partners to market its products. 

“We are planning to expand to where our parent company already has a presence,” Lim said in interview. Currently, MCSB's major overseas markets include Singapore, China and Indonesia. 

“We are actually eyeing both domestic and regional expansion in new markets over the next few years to grow our business.”  

Julius Lim Sheng Loong

myMCSB expected a 100% growth in revenue for the current financial year ending June 30, 2007, Lim said, adding: “We are confident that it is achievable.” 

Besides overseas expansion, myMCSB would be introducing DocSpace five, an enhanced version of its DocSpace document management software. 

“We will be allocating about 10% of our revenue for marketing and promotion of our products,” Lim said, adding that the company would also be appointing agents to sell its products. 

Meanwhile, Lim said he hoped to see more than half of the country’s automotive suppliers linked to its newly-developed automotive network exchange, Malaysian Automotive Network Exchange (Manex), by year-end. 

“There are currently about 350 automotive suppliers in Malaysia and we are targeting about 200 of them to trade via Manex within the next six months,” he said. 

Manex is a network that enables local automotive manufacturers and assemblers to source for parts and components electronically.  

The network, which is being funded by Multimedia Development Corp (MDeC), is expected to cater for at least 10% of the RM5bil automotive spare parts industry in the initial stage. 

Lim said that once all local suppliers and manufacturers had been linked via Manex, myMCSB would promote and push the exchange abroad. 

“While myMCSB is developing the network, it is MDeC which is providing the seed funding for the project under its e-business thrust initiative for the manufacturing sector called MSC E-Business Flagship,” Lim added. 

He said Manex would be able to offer online and real-time electronic catalogue services that allowed car parts suppliers to upload product information that would eventually be made accessible to all local and international buyers within the Manex community. 

The initiative is aimed at solving some issues faced by the local automotive manufacturing industry, such as global competition, complex supply chains, surging costs, booming customer demand, economic downturns and pressure from carmakers to reduce costs and be more responsive. 

Lim said automotive players did not need to invest in expensive hardware or software systems on the Manex network as it would come with an easy-to-use Web-based administration module. 

The platform could also be customised to suit customers’ business needs by allowing them to manage and configure all its features, such as catalogue management, document exchange, procurement, order fulfilment and payment gateway, Lim said. 

 MCSB :  [Stock Watch]  [News]


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