YB SENATOR
DATO WIRA SYED ALI AL HABSHEE TO CONTINUE HIS TENURE
AS THE CHAIRMAN OF COMPOSITES TECHNOLOGY RESEARCH
MALAYSIA SDN BHD (CTRM)
Kuala Lumpur, 2 June 2008:
The Ministry of Finance today has extended the contract
to YB Senator Dato’ Wira Syed Ali Al Habshee
to continue his tenure as The Chairman of Composites
Technology Research Malaysia Sdn Bhd effective from
1st June 2008.
The contract is for another two years
and YB Senator Dato’ Wira Syed Ali Al Habshee
has agreed to continue his mission to drive CTRM further
as one of the global player not only in the composites
and aerospace industry but also in the defence and
non-aerospace industry.
“I am very honoured and grateful
to the Prime Minister and Minister Of Finance for
this appointment as it is a challenge to me to further
drive CTRM for excellence. The company revenue has
grown from RM 200 million in 2005 to RM 237 million
last year. We targeted to achieve RM 500 million by
2010,” said YB Senator Dato’ Wira Syed
Ali Al Habshee upon receiving his appointment letter
from MOF. CTRM profit has grown from RM 17.3 million
in 2006 to RM 29.8 million last year.
Under his leadership, CTRM is as
a major global supply chain in composites aero structures
manufacturers for major aircrafts of both civilian
and military. CTRM is in the supplier chain for two
biggest aircraft manufacturer, Airbus and Boeing.
This is best reflected in the CTRM ordering book,
which stands at RM 3.35 billion worth of contract
until 2015.
“CTRM is currently in the process
of diversifying its business activities, but still
remain true to its core competency, which is the composites
manufacturing,” continue YB Senator Syed Ali
Al Habshee.
Currently, CTRM is in the process
of diversifying its businesses. CTRM has been awarded
a contract to design, develop, manufacture, install
and commission RADOME, a sphere shape structure made
of composites materials to protect the radar antenna
for the Royal Malaysian Air Force (RMAF).
The plans for CTRM as explained by YB Senator Syed
Ali Al Habshee include the building of new buildings
at its existing facilities in Batu Berendam, Melaka.
CTRM is also embarking in the MRO business for General
Aviation.
Nevertheless, the most important
business diversification would be the first delivery
of the locally developed and manufactured Tactical
Unmanned Aerial Vehicle by CTRM and its partners,
the ALUDRA to the Malaysian Armed Forces in the near
future.
The personnel of CTRM welcomed the
news of YB Senator Dato’ Wira Syed Ali Al Habshee
will be continuing his tenure as The Chairman for
CTRM and its Group of Companies.
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