HISTORY

Hirotako Holdings Berhad (HHB) was listed on the Second Board of the Kuala Lumpur Stock Exchange (KLSE) on 23 January 1995 and subsequently transferred to the Main Board of the KLSE on 29 August 2002.

KEY EVENTS

In November 1994, HHB acquired the entire issued and paid-up capital of Perusahaan Dapat Sdn Bhd (name subsequently changed to Autoliv Hirotako Safety Sdn Bhd - AHSSB) and Hirotani (M) Sdn Bhd (name subsequently changed to Hirotako Acoustics Sdn Bhd - HASB) AHSSB's main activity is the manufacture and sale of automotive seat belts while HASB is in the production of insulator parts for the automotive industry.

In September 1997, HASB signed a Technical Assistance Agreement with Rieter Automotive International AG (Rieter) of Switzerland for the transfer of technology on damper products. Subsequently, this was extended in September 1999 to cover sound insulation or absorbtion products based on felt moulding technology. Rieter is a leading global supplier to the automotive industry for integrated acoustics system, having more than 60 manufacturing plants worldwide.

In October 2000, HHB completed the merger of the seat belts, airbags and steering wheel manufacturing business of the HHB Group and Autoliv A.B. (Autoliv) of Sweden. Autoliv is the world's largest automotive safety systems supplier with sales to all the leading car manufacturers in the world. Autoliv has more than 80 subsidiaries and joint venture in various parts of the world, employing more than 30,000 employees. The result of the merger was Autoliv Hirotako Sdn Bhd (AHSB), the safety restraint system division of the HHB Group. AHSB is 51% owned by HHB with the balance 49% held by Autoliv.

In July 1999, HHB purchased a 51% stake in PC Ventures Sdn Bhd (PCV). PCV in turn has a 22.11% stake in Teck See Plastics Sdn Bhd (TSP). TSP is a leading manufacturer of plastic articles and products, custom moulders, injection moulding for motorcycles, automobiles, electronics and electrical industries. HHB subsequently acquired the balance 49% stake in PCV making PCV a wholly owned subsidiary in August 2002.

PRINCIPAL BUSINESS

The principal business of HHB is investment holding and the provision of management services. Its subsidiary companies are mainly involved in the manufacture and sale of automotive safety belts, airbag modules, steering wheels, noise and heat reduction materials, custom moulded composite parts as well as insulator parts for the motor vehicle industry.

TOP

» Profile

» History

» Corporate Structure

» Board Of Directors
» Dato' Fu Ah Kiow @ Oh (Fu) Soon Guan
» Tan Sri Datuk Paduka Dr Hajjah Saleha
» Dato' Ir Kuan Peng Ching@ Kuan Peng Soon
» Peter Lim Choon Hooi
» Zahedi bin Mohd Zain
» Chua Eng Seng
» Ooi Leng Chooi
» Ng Tong Hai

» Key Subsidiaries
» Autoliv Hirotako Sdn Bhd (AHSB)
» Hirotako Acoustics Sdn Bhd (HASB)

» Contacts