(Extracted from Annual Report 2015)
On behalf of the Board of Directors ("Board"), I am pleased to present to you the annual report of Advanced Integrated Manufacturing Corp. Ltd. and its subsidiaries (the "Group") for the financial year ended 31 December 2015 ("FY2015").
Our Colbree Engineering Group generated US$5.9 million in sales versus US$7.2 million in sales in FY2014, representing a drop of 18%.
AMC Penang will be relocating to the new factory at No. 8895, Lot No. 10015, Mukim 01, Daerah Seberang Perai Tengah, Negeri Pulau Pinang starting July 2016, spanning an area of 60,000 square feet of build up space to cater for additional kitting businesses.
The Group has recently ventured into the minimart business at the end of 2015. This new business division under HAO Mart Pte Ltd has acquired 16 outlets since December of 2015 up to 24 March 2016. All 16 outlets will be fully operational before the end of April 2016 and are expected to contribute to our group sales in FY2016. We expect this new business venture to be another core business moving forward.
We would like to express our sincere gratitude to our Customers, Bankers, Suppliers and Shareholders for their confidence and continuous support in the Company over the years.
We would also like to commend the management and staff of the Group for their relentless efforts, commitment and dedication towards another year of growth and success.
Dr Tan Kim Yong
Group Chairman and CEO