Home Site Map FAQ Contact Us
CTRM
 
 

Press Release

 

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.

 
 
 
  Copyright Reserved © 2008, Composites Technology Research Malaysia.