CCM ... Aug 2008

Compound fertiliser and pharmaceutical product manufacturer Chemical Co of Malaysia Bhd (CCM) said it may have to push back its RM2 billion revenue target to 2010.

They missed the target which was supposed to be made this year (2008). They have a turnover of about RM1 billion. CCM has set aggressive targets of growing its turnover from about RM700 million in 2004 to RM1.4 billion last year (2007) and doubling its pre-tax margin within the three-year period.

They want to increase the market for its products, both domestic and globally, and to do that, we have to ensure that our products and processes conform with the halal requirements. CCM intends to leverage on its halal certification to increase pharmaceutical, fertiliser and chemical sales to the global consumer markets to 40 per cent in two years from 20 per cent at present.
The fertiliser division, which contributes half of the group's revenue, is expected to remain strong with the country's focus on agriculture. Its pharmaceutical division is Malaysia's largest manufacturer of health supplements and medicine.

CCM has a strong presence in the region with offices in Singapore, Indonesia, Vietnam, Thailand and the Philippines. It is also exploring opportunities in central Europe, Central Asia and the south Pacific.