DRB-HICOM
Encyclopedia
DRB-HICOM Berhad is one of Malaysia's leading corporations, playing an integral role in the Automotive Manufacturing, Assembly and Distribution industry through its involvement in the passenger car and four wheel drive vehicle market segment, the national truck project and the national motorcycle project; among others DRB-HICOM assembles foreign cars from Honda and Mercedes-Benz in Malaysia. Besides Automotive concerns, the Group's core business focuses are in the Services and Property & Infrastructure sectors.
Originally, it was incorporated in 1980 as the The Heavy Industries Corporation of Malaysia Berhad (HICOM). It experienced rapid growth and in 1996 merged with Diversified Resources Berhad (DRB) to form the biggest conglomerate in Malaysia.
The Malaysian Government through its investment vehicle; Khazanah Nasional Berhad owns a 5.39% stake in the publicly listed DRB-Hicom.
Originally, it was incorporated in 1980 as the The Heavy Industries Corporation of Malaysia Berhad (HICOM). It experienced rapid growth and in 1996 merged with Diversified Resources Berhad (DRB) to form the biggest conglomerate in Malaysia.
The Malaysian Government through its investment vehicle; Khazanah Nasional Berhad owns a 5.39% stake in the publicly listed DRB-Hicom.