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Master Tec Group Berhad (Malaysia)

Main Activities: Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, and Extruding
Full name: Master Tec Group Berhad Profile Updated: August 23, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The Company was incorporated in Malaysia under the CA 2016 on 3 November 2022 as a private limited company under the name of Master Tec Group Sdn. Bhd. On 15 June 2023, the Company was converted to a public limited company under the name of Master Tec Group Berhad.
The Company s principal activity is investment holding, while MTWC, our sole subsidiary, is principally involved in the manufacturing and distribution of power cables, control and instrumentation cables, and other related products, and the trading of power cables, fibre optic cables, and other related products.
2005 - Incorporation of Master Tec Wire Cable Sdn Bhd (MTWC) to be involved in the manufacturing and distribution of LV power cables.
2006 - MTWC commenced its business and manufacturing operations from a rented factory located at No. 8691 C, Batu Lapan, Jalan Paya Rumput, 75250 Melaka. MTWC started the manufacturing of PVC insulated LV power cables and AWM cables for E E appliances and systems.
2008 - MTWC started to export its products to the overseas markets such as Singapore, Brunei, Vietnam and Cambodia. MTWC obtained the ISO 9001:2008 Certification for its QMS from AFNOR.
2009 - MTWC received the Golden Bull Award from Business Media International Sdn Bhd. MTWC started the production of XLPE insulated LV power cables (up to 1kV) with either armoured or non-armoured protection layers. MTWC obtained the ISO 14001:2004 Certification for its EMS from AFNOR. MTWC shifted its entire manufacturing operations to Kawasan Perindustrian Rembia 78000 Alor Gajah, Melaka by setting up Plant 1 to manufacture LV power cables.
2010 - MTWC started the manufacturing of control and instrumentation cables
2011 - MTWC expanded its manufacturing of LV power cables to Plant 2. MTWC received the SME Export Excellence Award from SMI Association of Malaysia.
2012 - MTWC started the production of LV power cables using LSZH materials.
2015 - MTWC started the production of LV power cables using aluminium conductors, mainly for its power utility customers. MTWC successfully registered as an approved vendor of the TNB Group by obtaining the Certificate of Product Acceptance (Sijil Guna Pakai) from TNB.
2017 - MTWC started the production of aluminium-cored LV power cables in Plant 3. MTWC started the production of LV ABC for our power utility customers.
2018 - MTWC upgraded its ISO 14001:2004 EMS Certification to ISO 14001:2015 EMS Certification from AFNOR. MTWC upgraded its ISO 9001:2008 QMS Certification to ISO 9001:2015 QMS
Certification from AFNOR.
2019 - MTWC started the trading of MV power cables, fibre optic cables and related products. MTWC started to produce solar DC power cables with conductor sizes above 16vmm2 and trade solar DC power cables with conductor sizes between 1.5 mm2 and 16 mm2 for customers in the solar PV industry. MTWC obtained its ISO 45001:2018 Occupational Health Safety Management System Certification from Care Certification Private Limited.
2021 - MTWC received the Product Safety Award from the Energy Commission.
Our Group's operations were temporarily shut down when the Malaysian government implemented the first MCO on 18 March 2020. However, the COVID-19 pandemic had minimal effects on our operations as our business was categorised as one of the essential services and we were allowed to continue our business operations with a reduced physical workforce capacity under strict rules and guidelines, and SOPs set by KKM and MITI.
During the various phases of the MCOs from 2020 to 2022, we also faced difficulty in hiring and retaining foreign workers to operate our machineries and equipment in our manufacturing plants. In addition, the Malaysian government's decision to temporarily freeze the recruitment of foreign workers in June 2020 in order to curb the spread of COVID-19 coupled with the difficulty in renewing foreign worker work permits after they expired, and the return of some foreign workers to their home countries had compounded our Group's labour shortage predicament.
The various phases of the MCOs and our shortage of foreign workers contributed to a decline in our production capacity as we did not have sufficient foreign workers to operate our manufacturing activities at optimal capacity.
The temporary freeze on foreign worker recruitment by the Ministry of Human Resource was lifted in August 2022. We started to hire and train our new foreign workers and managed to raise our production output at the end of 2022.
During the various phases of the MCOs, we continued to communicate with our customers to address the delay in fulfilling orders and kept them updated on our Group's progress and expected timeline for resuming production, in order to minimise the impact on our customers.

Headquarters
Rm1299-A Kawasan Perindustrian Rembia
Alor Gajah; Malacca; Postal Code: 78000

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Website: http://www.mastertec.my

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2022
Key Executives
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Chairman
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Chief Executive Officer
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Managing Director
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Secretary
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Secretary
Ownership Details
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18.56%
Subsidiaries
Master Tec Wire Cable Sdn Bhd
100%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency MYR. Absolute financial data is included in the purchased report.
Net sales revenue
1.41%
Total operating revenue
2.28%
Operating profit (EBIT)
-28.84%
EBITDA
-26.95%
Net Profit (Loss) for the Period
0.44%
Total assets
22.92%
Total equity
76.3%
Operating Profit Margin (ROS)
-4.33%
Net Profit Margin
-0.1%
Return on Equity (ROE)
-5.87%
Debt to Equity Ratio
-52.07%
Quick Ratio
1.06%
Cash Ratio
-0.32%

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