The Introduce of Umw
Essay Preview: The Introduce of Umw
Report this essay
THE INTRODUCE OF UMW
WHAT IS UMW ?
UMW is a leading industrial enterprise with diverse and global interests in the automotive, equipment, manufacturing and engineering, and oil and gas industries. The UMW Group has expanded beyond Malaysian shores; they now also have an international presence in Singapore, Indonesia, Thailand, Myanmar, Vietnam, Papua New Guinea, Australia, Taiwan, China, India, the United Arab Emirates and Turkmenistan. Strategic alliances with leading global organisations have helped position the UMW Group as a leader in our core businesses.
The UMW Group focuses on four Strategic Business Units:
Automotive
Equipment
Manufacturing and Engineering
Oil and Gas
THE HISTORY OF UMW
The concept of United Motor Works germinated in 1902, when the founder, Chia ee Soh,
then a lad of 14 years working as an apprentice in a small bicycle shop in Singapore
became fascinated with a new contraption – a motorcycle which was brought in by a
customer to have the tyres fixed. Interested in all things mechanical, Chia not only fixed the
tyres but proceeded to dismantle the motorcycle and in the process encountered difficulties
in reassembling it. This incident led to Chias absorption into the steries of the internal
combustion engine. He decided to set up his own automotive repair shop in 1917. He
named it United Motor Works. And then,
1927 UMW PTE LTD registered in Singapore.
1959 UMW enters heavy equipment business.
1965 UMW wins Toyota Forklift distribution.
1970 UMW lists on Malaysia & Singapore Stock Exchanges.
1982 UMW granted Toyota motor vehicle franchise.
1983 UMW joint ventures with Kayaba to become NO.1 Manufacturer.
UMW counters crisis with capital reconstruction.
1987 PNB become major shareholder.
1990 UMW joint ventures with pennzoil products CO.(USA)
1993 UMW acquires 38% of perodua.
1994 Peroduas 1st model-The Kancil a best seller in 4 months.
2000