ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
Jul 23, 2021 12:30 JST
Source:
Central Global Berhad
Central Global Continues with Proactive Business Sustainability Measures Despite Lockdown
Group's factory operations will remain closed until 1 August 2021 due to government orders
Substantial backlog of orders will keep factory busy until yearend
KUALA LUMPUR, Jul 23, 2021 - (ACN Newswire) - Central Global Berhad ("Central Global" or "Group"), a producer of industrial masking tapes and label stocks as well as general building contractor, will continue to keep a tight rein on cashflow in order to ensure business sustainability following the government's decision to lengthen the extended movement control order ("EMCO") in certain areas of Kuala Muda, Kedah where the Group's factory is located by a further two weeks to 1 August 2021.
Central Global executive chairman Dato' Faisal Zelman
Central Global's factory, which produces masking tapes and label stocks, has been closed since 5th July 2021 given its location in Kuala Muda which is currently under the EMCO. The factory employs almost entirely locals, with several among the 170 employees having been with the Group for more than four decades.
Central Global executive chairman Dato' Faisal Zelman said: "We have always been cautious about the outlook for this year given the uncertainties of further COVID-19 outbreaks and while we will continue to tap into opportunities arising from a more fragmented regional competition landscape and the sporadic local supply-chain disruption, we are also mindful of the risks."
"We have backlog orders to fulfil which will keep factory busy until year end, but operations have been affected due to the EMCO. We are consistently in discussion with the authorities despite of the lock down measures which has been imposed in the EMCO zones. We managed to obtain permission to operate on a partial basis being categorised as an Essential Industry (Packaging) during the period of the MCO 1.0 and we hope that the government will consider applying the similar regulations for the current EMCO as well. At the same time, we want to reassure all stakeholders that the management will do all it can to ensure that business sustains and maintain operational efficiency and quality."
Central Global has two scheduled meetings annually to review the Group's manufacturing operations' internal controls and risk management under a risk management framework to mitigate business and operational risks. The Group's lean manufacturing process ensures that costs are kept under scrutiny while driving productivity and quality through employee suggestion programmes and reward schemes.
"We will monitor the situation and continue to adhere to all standard operating procedures as laid out by the National Security Council and Ministry of Health guidelines to ensure the safety and health of employees and vendors. In the meantime, we have to manage our customers' expectation in fulfilling their orders," Faisal concluded.
For more information, please contact Hakim J. Munif at +60 12-318 5410 or
h.juraimi@swanconsultancy.biz
.
Source: Central Global Berhad
Sectors: Engineering, Construct, Engineering, Local Biz
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Release
Hitachi Becomes First Oracle Partner in Japan to Win Regional Best in Class Award in the Customer Success Category in the 2024 Oracle Partner Awards
Sep 27, 2024 14:19 JST
Mitsubishi Corporation Strengthens the Partnership with PETRONAS, Reinforcing Confidence in LNG Operations in the Region
Sep 27, 2024 13:39 JST
MHI Completes Production of the Core Stage of the Final H-IIA Launch Vehicle (No. 50)
Sep 26, 2024 12:00 JST
A2Z and Nayax Capital Sign Framework Agreements to Enable Global Financing for the Sale or Lease of Cust2Mate Smart Carts Integrated with Nayax's Solutions
Sep 25, 2024 22:00 JST
Osaka Gas and MHI to Implement the CO2NNEX Digital Platform for Managing and Transferring the Environmental Value of e-Methane at Expo 2025 Osaka, Kansai, Japan
Sep 25, 2024 15:11 JST
Hitachi Rail Unveils the 'HMAX' AI Solution, Accelerated by NVIDIA, to Optimize Trains, Signaling and Infrastructure
Sep 25, 2024 13:05 JST
Overview of Honda Exhibits at JAPAN MOBILITY SHOW BIZWEEK 2024
Sep 24, 2024 18:32 JST
Tosha Schareina Wins FIM E-Xplorer World Cup Men's Category
Sep 24, 2024 18:16 JST
Mazda to open new R&D office in Azabudai Hills in early summer 2025
Sep 24, 2024 16:25 JST
Rozebalamin(R) for Injection 25 mg (Mecobalamin) Approved in Japan for Amyotrophic Lateral Sclerosis
Sep 24, 2024 16:06 JST
Valuufy CEO to present at the UN Science Summit (SSUNGA79)
Sep 24, 2024 16:00 JST
Anticancer Agent "Tasfygo(R) Tablets 35mg" (Tasurgratinib Succinate) Approved in Japan for Biliary Tract Cancer with FGFR2 Gene Fusions or Rearrangements
Sep 24, 2024 15:01 JST
Mitsubishi Corporation, KDDI CORPORATION, Lawson, Inc. Launching an Initiative to Transform into "Next-generation Convenience Store"
Sep 20, 2024 18:02 JST
Hitachi Rail is innovating and delivering transformative 5G digital signalling
Sep 20, 2024 16:47 JST
Olympus Launches New 4K Camera Head for Urological Endoscopy
Sep 20, 2024 15:00 JST
Honda to Relocate the Base of its Rugby Team Activities
Sep 19, 2024 15:05 JST
Renewal of Compact CO2 Capture System "CO2MPACT(TM)" Series
Sep 19, 2024 14:35 JST
The world's first commercial copper die-cast rotor for railway traction motors
Sep 19, 2024 13:57 JST
NEC Secures Fifth Consecutive Worldwide Partner of the Year Award from Juniper Networks
Sep 19, 2024 13:08 JST
Fujitsu and Stellar Science Foundation form partnership agreement to foster innovation by supporting young researchers
Sep 19, 2024 10:31 JST
More Latest Release >>
Related Release
Central Global Bhd Signs MoU with Smart Sabah for Construction of State Ministry of Finance's Dashboard
August 25 2021 18:00 JST
Central Global Berhad Increases Production Capacity by 250% to Meet Fresh Demand
August 16 2021 09:00 JST
Central Global Berhad Makes Two Board Appointments
June 24 2021 16:00 JST
Central Global Berhad Seeks Strategic Partnerships for Construction Projects
June 22 2021 18:00 JST
Clarification Regarding Central Global Bhd's MoU with China's Huobi Mall for the Development of a Global Data Centre in Malaysia
June 15 2021 17:00 JST
Central Global Bhd Signs MoU for JV to Build RM250M Kwasa Damansara Sewage Treatment Plant
June 09 2021 20:00 JST
Central Global Berhad Posts 25% Rise in Revenue
May 25 2021 20:00 JST
Central Global Berhad's Proposed Private Placement Approved by Bursa Securities
April 23 2021 19:00 JST
Central Global Berhad Proposes Private Placement of up to 18 Million New Shares
April 05 2021 22:00 JST
More Press release >>