Holding and Subsidiary

AS we all know that in the whole world, there are a lot of types of businesses that had been going around. From sole proprietorship, to partnership and even until a company, we can see so many variations and so many entrepreneurs that come from each and every form of businesses. Some started small, while some strive for the biggest.

With every elements that form the true personality of a great businessman, we are going to a scope of big major companies. Our focus today will be on the company side whereby companies grew so big, they needed subsidiaries to exploit every field or industry they ought to excel.

My company selection will be one of the GLC and conglomerate company (which is one element of subsidiaries company) will be the company that provide me funding for my tertiary education, that is Sime Darby Berhad.

Sime Darby Berhad is the largest conglomerate in Malaysia and one of the largest in southeast Asia. In this company, its orbit are more than 270 operating companies in 23 countries, with its most extensive foreign operations in Hong Kong (which accounts for 25 percent of revenues), Singapore (14 percent), and Australia (11 percent)(The company generates 38 percent of its revenues domestically.). Sources written so nicely, of course adapted from their webpage.

The initial start up of Sime Darby started from plantation which is still the current most active division in SD, from rubber plantation and now, palm oil and many more. Agriculture based business is their forte before they started venture into more broadly diversified activities include a wide range of industries, with the core businesses being plantations (including oil palm and the company's original business, rubber), tire manufacturing, heavy equipment and motor vehicle distribution, property development, power generation, and engineering services. Other business operations include paint manufacturing, refrigeration product manufacturing, travel and tourism services, hospitals, and golf courses, which is KLGCC, that recently hold the Maybank Malaysian Open that prizes up to USD2million worth of competition! In addition to that, there are 3 more divisions that are still on their progress on working and getting stronger, that is Health Industry, which they are boosting more on this. Also, on ICT, as currently in Wisma Sime Darby they have a specific floor on utilization of ICT system in Sime Darby and to expand further. And last but not least, a division by itself, Yayasan Sime Darby had become independent from HR dept. just early this year, and are working strongly on Corporate Social Responsibility activity of Sime Darby. (can see the progress at http://www.yayasansimedarby.com)

From every divisions that they work, they have multiple subsidiaries which will be enlisted later to entail their coverage of nearly every field you can think of in Malaysia. The below show their principal subsidiaries.
Principal Subsidiaries: Consolidated Plantations Berhad; SD Holdings Berhad; Sime UEP Properties Berhad (51.2%); Tractors Malaysia Holdings Berhad (71.7%); DMIB Berhad (51%); Sime Tyres International (M) Sdn. Bhd.; Kuala Lumpur Golf & Country Club Berhad; Subang Jaya Medical Centre Sdn. Bhd.; Sime Engineering Sdn. Bhd.; Sime Coatings Sdn. Bhd.; Mecomb Malaysia Sdn. Berhad; Puchong Quarry Sdn. Bhd. (85.4%); Sime Inax Sdn. Bhd. (80%); Chubb Malaysia Sendirian Berhad (70%); Sime Rengo Packaging (M) Sdn. Bhd. (70%); Sime SembCorp Engineering Sdn. Bhd. (70%); Port Dickson Power Berhad (60%); Sime Darby Hong Kong Limited (74.9%); Sime Singapore Limited (69.1%); Sime Darby Pilipinas, Inc. (Philippines; 97.2%); Lec Refrigeration plc (U.K.; 98.5%); Sime Darby Australia Limited; Hastings Deering (Australia) Ltd.

Sime Tyres I believe a lot will know as one of the popular tyre brand ever since 1980's. Subang Jaya Medical Centre is one of their iconic stuff in the health industry.

Also, there are principal divisions mentioned earlier that leads up to Sime Darby as one of the conglomerate type of company, so big that they have more than 100,00 employees in total!

To read more on Sime Darby, click here!