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B.I.G Industries Shuts Concrete Division

Business Today ·  Jul 17 23:32

B.I.G Industries has announced that it will ceasse its concrete division which is presently operated by Uni-Mix Sdn Bhd ("UMIX"); Uni-Mix Concrete Products Sdn Bhd; and Kinalaju Supply Sdn Bhd.

The group said the concrete division operates in a very competitive environment and the decision on the closure is inevitable based on the historical financial performance and weak business outlook.

B.I.G said the concrete division has been loss making as it operates in a very competitive price sensitive business environment served by operators like ourselves and contractors who have their own on-site batching plants and casting yards at their job sites.

It also added the financial losses over the years were a result of low demand / volume below breakeven, lack of construction related activities in area we operate. Losses for Financial year ended 30 June 2022 – RM660,658 while Financial year ended 30 June 2023 – RM157,619. Unaudited losses before tax for the 9 months ended 31 March 2024 is RM446,599.

The group noted that the operational losses will cease with the cessation of business.

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