GOODWAY (CORPORATE FINANCE)
I.I. Company History
Goodway Rubber Industries Sdn Bhd (“GWRI”) commenced its operation in Sabah in 1990. In 2003, Goodway Integrated Industries Berhad (“GIIB”) was established as an investment holding company of GWRI and all its subsidiaries. GIIB was listed on the Second Board of Bursa Malaysia Securities Berhad in 2004 and currently listed on the Main Board. The Company operations located at Nilai, Negeri Sembilan. Goodway has manufacturing plants in East and West Malaysia, as well as in China, Indonesia and distribution offices in Australia and Sweden. In addition, Goodway also has subsidiaries offering retreading services in East & West Malaysia, and China.
GIIB is the largest rubber compound manufacturer in Malaysia. Goodway involved in the development, manufacturing and distribution of technical compounds, retreading compounds, tyre compounds and other rubber related products. It also provides other services such as retreading, total retreading business system and professional technical consultancy to its customers. The primary use of Goodway’s a rubber compound is for the tyre retreading industry.
Meanwhile, Goodway has successfully diversified its business exposure to many countries. Currently, the leading manufacturer of rubber compounds in Asia exports more than 70% of its retread compounds, technical compounds and other rubber related products to more than 40 countries worldwide.
Goodway Integrated Industries Berhad principal activities are the development, manufacturing and distribution of technical compounds, tyre compounds and other rubber related products. Other activities include provision of retreading services and investment holding. It is categorized as industrial products sector.
Table I.I. The Subsidiaries companies
|Company Name/Country |Effective ownership interest |Activities | |Goodway Rubber |100 % |Manufacturing of rubber compound and other | |Industries Sdn. Bhd. | |related products | |(Malaysia) | | | |Kilotrac Industries Sdn.Bhd. |100 % |Retreading of tyres | |(Malaysia) | | | |Goodway Rubber Technology Sdn. Bhd. |100 % |Dormant | |(Malaysia) | | | |Goodway Marketing |100 % |Investment holding company | |Sdn. Bhd. | | | |(Malaysia) | | | |Goodway Rubber Company Pty. Ltd. |90 % |Trading of rubber compound material | |(Australia) | | | |Goodway Europe (Sweden) AB |100 % |Trading of rubber compound material | |(Sweden) | | | |Big Wheel Green Tyres Sdn |100 %...
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