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发表于 16-6-2008 03:51 PM
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CEO Liew sets the right tone for Jadi Imaging
By Hamisah Hamid Published: 2008/06/16
PERSEVERANCE, hard work and optimism are factors that have brought Southeast Asia’s largest toner manufacturer Jadi Imaging Holdings Bhd to where it is now.
Founder and group chief executive officer K.S. Liew had to go through hardship and crises before the company was rebuilt and later floated on the local bourse.
“We had to go through a lot … a hostile takeover, a financial crisis, a receivership and we were forced into bankruptcy.
"Still, we recovered and rebuilt the company, ” recalled Liew.
“The crises that we went through were major. So, if there’s any problem coming (in the future), we are confident of overcoming it,” he added.
From a small-scale enterprise, Jadi, Malaysia’s only toner maker, has grown tremendously and was recognised as one of the top 50 companies in the 2005 Enterprise 50 Award.
The annual award programme is organised jointly by Deloitte and the Small and Medium Development Corp, to recognise the country’s 50 most enterprising small- and medium-scale companies.
Jadi was listed on the second board of Bursa Malaysia in 2006, before migrating to the main board in August 2007.
In the past five years, Jadi group’s annual revenue grew from RM14.46 million in 2002 to RM56.67 million at a compounded annual growth rate (CAGR) of 31.3 per cent. Its net profit grew at CAGR of 86.25 per cent, from RM476,392 to RM10.68 million.
The group’s manufacturing plants in Malaysia produce 4,250 tonnes of black toner and 80 tonnes of colour toner a year, while its plant in Suzhou, China, produces 1,250 tonnes of black toner a year.
Last year, Jadi exported its toner to 41 countries, with Asia, including Malaysia, contributing 63.9 per cent of its revenue.
Liew, 50, recently shared with Business Times events that led to the establishment of Jadi.
He said the company was initially established as Technitone (M) Sdn Bhd in 1993 to manufacture toners for photocopiers.
Liew, whose parents were not involved in business, worked as a salesman in his early 20s. He sold used and refurbished photocopiers.
A few years later, Liew came out with the idea of manufacturing toner in Malaysia because at that time, it was difficult to find local toner supplier for the photocopiers.
He contacted a company in Switzerland to acquire the toner-making technology.
“We then approached six companies to invest in the proposed toner-making company and in 1992, Pengkalen Holdings Bhd agreed to become our partner and we set up Technitone,” he said.
Later, in 1996, Pengkalen was taken over by Malayan United Industries Bhd (MUI) in a hostile bid.
The Asian financial crisis in 1997 and 1998 forced MUI to undergo a restructuring.
“Since Technitone was not a core business, MUI divested its stakes in Technitone,” he said, adding that Technitone was put under receivership.
Liew did not give up as he wanted to grow the toner manufacturing business.
“I pulled resources from a few friends, obtained financing from Hong Leong Bank and we rebuilt the business.
“During that time, we also faced personal bankruptcies as we were guarantors for some of the company’s facilities,” he said.
Liew had incorporated Jadi Technologies Sdn Bhd in 1999 to acquire all the assets of Technitone.
“From there, we managed to grow business rapidly. We paid RM8.8 million for the assets and we realised the investment after three years but at the same time, our earnings also increased,” he said.
On how he overcame the obstacles, he said: “It requires a lot of perseverance.
Hard work is part of it.” Liew said the skills and knowledge that he acquired had also helped him address the problems that arose during the Asian financial crisis.
Liew also attributed his success to his wife and children.
“I truly believe that a supportive and understanding wife and family is essential for any successful businessman in view of the heavy demands of running an international business, especially the hectic travel schedule that it requires.
“My wife and children have given me their unwavering support though the ups and downs in my business career and have provided me with the inspiration to succeed,” he said.
Liew, who has plans to grow the company, added: “Only when you go through bad times, you appreciate the good times.”
http://www.btimes.com.my/Monday/OurPick/20080616000903/Article |
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