The rise of these home appliances today, spans an extensive range, from big items like the washing machines and refrigerators to the smaller appliances such as air fryers, food processors, microwaves, electric ovens and many more.
But it wasn’t like that back in early days of 2006, when China-made products were relatively unheard of in the Malaysian market.
Ng Kong Chin, President of Midea Scott & English Electronics (MSEE), shares with Business Today his challenges of introducing and growing an unknown China brand in Malaysian.
After making the Korean brand LG into a household name, Ng took a risk to introduce what would grow from RM12 million in 2006 to become a RM367 million distributorship deal for MSEE.
MSEE is a Malaysia-based subsidiary company of Midea Refrigeration (Hong Kong) Ltd which in turn is a subsidiary of the Midea Group of Companies in China. Midea Group is a public listed company and became a Forbes Global Fortune 500 company in 2016.
TOUGH AND HUMBLE BEGINNINGS
After Ng graduated as a Mechanical Engineer from the University of Malaya in 1970, he joined Scott & English (M) Sdn Bhd as an engineering executive. Later in 1980, he was promoted to General Manager and then to Chief Executive Officer in 1985. He developed Cummins diesel engines and generators, a notable brand for the Generator and Engine sectors in Malaysia.
During the 1997 Asian Financial Crisis, Scott & English’s business plummeted 50 to 60 percent, severely impacted the company’s cash flow.
“For the company to sustain, I thought, Ng muses, “why not seek new business opportunities?”
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Time Aortic Abdominal Aneurysm
The Aortic Abdominal Aneurysm happens when the wall of the blood vessels starts to weaken which forms an Aneurysm that is commonly known as balloon-like dilation.
The Lexus ES 250 Features A New F Sport Variant
The 2022 Lexus ES facelift has arrived in Malaysia- First unveiled at Auto Shanghai 2021 in April this year.
Heading: Try -180°C Therapeutic Treatment Called Cryotherapy To Improve Overall Health
Health has gained a significant attention in this pandemic and being at your best form is a good way to fight the current problems in every aspect of health from fitness, depression, pain management, sports injury, antiageing, weight loss and beauty.
Is It Too Late To Start Investing In Bitcoin?
The noise around Bitcoin has risen sharply in the last month after the world’s most popular cryptocurrency reached its all-time high on 9 November 2021. With all the talk of its price continuing to grow, it is easy to think that it might be too late to start investing in Bitcoin. However, it is not too late and, in fact, Bitcoin adopters are actually early. Bitcoin, and cryptocurrency in general, has received mainstream adoption and looks to be around for years to come.
Smart SBB To Boost Farmers Income
Director-General for the Ministry of Agriculture and Food Industry (MAFI), Azman Mahmood, in a special meet the media session, led the pre-launch briefing of Project Smart Sawah Berskala Besar (Smart SBB) a day before the official launch by his Minister.
Budget 2022 – Seizing The Right Moment
The recent data point suggests Malaysia will stand to benefit from the global recovery.
Power Of Role Model – How The Habits Of Parents And Kids Are Interrelated?
A new global survey, commissioned by Kaspersky, explores the role of healthy digital habits in the family, as well as the effect of parents’ behavior on children and vice versa
Better Late Than Never, But Act Now
The world should now be more aware of likely COVID-19 devastation unless urgently checked. Last week, the World Health Organization (WHO) announced an US$8 billion plan to quickly vaccinate many more people to expedite ending the pandemic.
Accelerates MSMEs Digitalisation Journey
97.2% of businesses in Malaysia are made up of Micro, Small and Medium Enterprises (MSMEs). This important business sector plays a significant role in the Malaysian economy by contributing 38.2% of Malaysia’s Gross Domestic Product (GDP). MSMEs also contributes significantly in providing job opportunities.
Leadership That Can Prevent Toxic Workplaces And High Turnover
“It is our organisation’s mission to create the largest and most productive coworking community in Malaysia & moving forward, South East Asia,”