UMW Holdings Bhd’s aerospace division is expected to turn profitable by this year on the back of stronger sales and improved efficiency in the segment’s manufacturing processes.
’s aerospace division is expected to turn profitable by this year, on the back of stronger sales and improved efficiency in the segment’s manufacturing processes.
“Additional upside in profitability could come from economies of scale on higher volumes and improved efficiency in manufacturing processes.” “It achieved break-even at the earnings before interest and tax level in 2019 and saw its first pre-tax profit in 2020 at RM1.7mil. However, it slipped back to losses of RM33mil in 2021 due to the pandemic lockdown, but pared its losses to RM9.4mil in 2022.”“UMW Aerospace is able to scale up the production of its existing products and further expand its capabilities via new collaborations to venture into new products.
“Subsequently, the new exclusive chemical milling plant, which is the only one in Asia, has received several requests from local original equipment manufacturers for future collaboration.”
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