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Hicom

In: Business and Management

Submitted By rhickz13
Words 653
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Heavy Industries Corporation of Malaysia Berhad (HICOM)

Submitted By:
Eric G. Legaspi
Rommel A. Ambrocio
Krsna M. Torres
Leoniel M. Basa
Manuelito Aure
Sarah Jane Gajunera

I. POINT OF VIEW
Tan Sri Jamil, as a president of the Heavy Industries Corp. is in charge of solving the problem the company is facing now together with the shrinking market for the company’s products coupled with the appreciation of yen.

II. STATEMENT OF THE PROBLEM What should be HICOM do to its three (3) subsidiaries or associate companies to mend its adverse effects to the company and its continuous losses?

III. STATEMENT OF THE OBJECTIVE Create effective measures for minimizing, if not totally avoiding HICOM’s losses and avoid its future debilitation.

IV. SWOT ANALYSIS

STRENGTHS:

*HICOM owns 51% of interest in Perwaja Trengganu Sdn Bhd (PTSB) 70% of interest in Perusahaan Otomobil Nasioal Sedab Bhd(PROTON) aside from other subsidiary companies under metal based, engineering, realty development, trading and processing industries.

*Creation of new division called “Operation Division” of HICOM, responsible for monitoring and coordinating its operations which is envisioned that its assistance could be facilitated to the subsidiaries and associated companies as and when required.

*Perusan Otomobil Nasional Sedab Bhd(PROTON) holds 65% market share in Malaysia

WEAKNESSES:

*A combination of poor planning and inexperienced or inept management.

*Executives are mostly bureaucrats and lacking of leadership is danger to cope with the plant’s (PTSB) problem.

OPPORTUNITIES:
* The PROTON will negotiated to the Bricklin Industries for the importation of PROTON SAGA and will handle the distribution agreement with American entrepreneur Malcolm Bricklin and his associates as they introduced the Yugo GV to the United States.

*The closure of the direct reduction plant had resulted in the price of steel scrap to be cheaper than that of hot briquetted iron, with its view to incorporate increased use of steel scrap would be a great strategy to improve competitiveness to its products.

THREATS:

*Future market share of Kedah cement (another subsidiary of HICOM) was expected to fall with the coming on stream of another cement plant in Malaysia.

*Potential entrants within the manufacturing and sale of hot briquette iron and steel billets may establish effective operations for the span of 2 ½ years.

V. ALTERNATIVE COURSES OF ACTIONS

1. Continue operations in :

*Perwaja Trengganu Sdn Bhd(PTSB)

Advantages: a. Malaysia’s economy is expected to grow. b. With new leadership (Datuk Eric Chia), come fresher business perspectives and innovations.

Disadvantages: a. Anticipate increase in demand may not materialize b. Obsolescence of equipments due to technology advancement.

*Perusahaan Otonobil Nasional Sedan Bhd(PROTON)

Advantages: a. Retain and exploit 65% market share b. Seize opportunity to enter US market c. Termination will undermine Malaysia’s industrialization plans d. Domestic and international markets appear to be more promising
Disadvantage: a. Loss may be significant but tolerable. 2. Discontinue operations in Kedah Cement Sdn Bdh(KCSB)

Advantages: a. Avoid further losses due to expected coming on stream of another cement plant in Central Malaysia. b. Stop the incurring of debts in the future.
Disadvantage: a. KCSB would be out of the processing industry.

VI. RECOMMENDATIONS

We better recommend due to poor performance of HICOM and its company subsidiaries were brought by both internal and external factors. It is therefore necessary to discontinue some of its subsidiaries or associates. With its most desirable effects to HICOM’s current situation, it would be necessary that PROTON should continue its operations, that Perwaja Trengganu Sdn Bhd(PTSB) be closed and Kedah Cement Sdn Bdh be discontinued. VII. Conclusion

We therefore conclude that in continuing the operations of PROTON will brought about the business to its prospering status as it step up in generating profits while decreasing its incurred losses for the previous years as well as gradually paying its debt because of the currency appreciation against Japanese yen. It will also safeguard the market share of PROTON in exporting the SAGA car to western markets.…...

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