COMPANY PROFILE

DIVERSIFIED GROWTH THROUGH INNOVATION & TECHNOLOGY
FITTERS commenced operations in the 1970s, was listed on the Second Board of Bursa Malaysia in 1994 until its promotion to the Main Board in 2007. Through the years, FITTERS had gained recognition as a “one-stop” fire protection specialist and continues to engage in manufacturing, trading and specialized installation of firefighting equipments as well as the supply of fire safety protection products and services.

Since its promotion to the Main Board in 2007 and through innovation and entrepreneurship, FITTERS has successfully enhanced value through the Group’s diversification strategies. In 2007, the Group ventured into property development followed by renewable energy and green mill a year later. In 2013, FITTERS entered into a venture with Molecor Tecnologia S.L. and Ricwil (Malaysia) Sdn Bhd to manufacture and distribute state-of-the-art HYPRO PVC-O pipes in Malaysia and South East Asia.

Strategies are in place to sustain current businesses. Our business model is based on our core competency in engineering and we are constantly seeking strategic businesses for the next growth catalyst.

HYPRO PVC-O PIPES MANUFACTURING & DISTRIBUTION
Molecor (SEA) Sdn Bhd was incorporated in 2013 to manufacture and distribute Orientated Polyvinyl chloride (PVC-O) pipes in South East Asia. Our business is the manufacture and distribution of PVC-O pipes under the “HYPRO” brand, using Molecor’s proprietary and patented technology.

Molecor (SEA) is jointly owned by FITTERS Diversified Berhad (65%), Ricwil (Malaysia) Sdn Bhd (25%) and Molecor Tecnologia S.L. (10%). Molecor is our principal and technological partner for this venture; which is a pioneer company specializing in the development of the latest technology applying molecular orientation to pipeline solutions, with amazing mechanical properties.

Molecor Tecnologia developed and patented the “molecular orientation” technology that gives PVC-O pipes higher impact resistance and longer lifespan of up to 50 years, compared to the 30-year lifespan of conventional steel-based pipes. PVC-O pipes produced using Molecor’s technology have a track record of effective implementations in Australia, Italy, France, Spain, South Africa, and Ecuador.

Molecor (SEA) Sdn Bhd, an investor in the East Coast Economic Region (ECER), had been officially granted a manufacturing licence and pioneer status from the Malaysian Industries Development Authority for the manufacturing of HYPRO PVC-O pipes. Our first plant is located in Kuantan.

Molecor (SEA) is led by a team of talented and passionate professionals whose expertise and enthusiasm drive our vision for excellence. The team is committed to manufacturing and delivering products and services of the highest quality, on time and guaranteed to meet or exceed our customers’ expectations at the most economical level.

Our HYPRO pipes will provide operators, installers, engineers and water authorities an excellent solution for water transportation in Malaysia and South East Asia.

PROPERTY DEVELOPMENT & CONSTRUCTION
FITTERS began its maiden property development project on a prime commercial land in Setapak. ZetaPark sitting atop the vibrant Festival City Mall, with 424 SOHOs and 470 residences. We have successfully delivered Certificate of Fitness (CF) to all our purchasers.

The vibrant Festival City Mall; enjoying full tenancy was constructed by a FITTERS construction subsidiary. Purchasers owning SOHO and residential units are currently enjoying good rental yield. The secondary sales market for ZetaPark is transacting at a high value; raising the PSF bar for the Setapak area.

Riding on this success, FITTERS will continue to identify niche property development opportunities to generate a steady stream of income for the Group’s expansion. Its second high-rise development; ZetaDeSkye featuring a 24-storey two-tower condominium of 284 freehold units is enjoying strong take-up. Construction is progressing well and we expect completion by first quarter of 2016.

FITTERS also owns 50 acres of land in Rawang; slated for landed residential development with an estimated GDV of RM280 million. Pre-registration is targeted for early 2015.

RENEWABLE & WASTE-TO-ENERGY / GREEN MILL
FUTURE NRG Sdn Bhd (FNRG) is a technology integrator and developer of “Waste-To-Energy”, “Waste-To-Resource” projects as well as “Green Mill Zero-Waste” solutions through the use of advanced proprietary technologies in order to produce renewable energy and recover valuable resources from waste. FNRG focuses on the following market segments:

Sustainable Green Mill
  • Production of dry long fibres and biofuel pellets from empty fruit bunch biomass waste
  • Anaerobic digestion of palm oil mill effluents to capture biogas which produces renewable energy for running the Green Mill plants and the palm oil mill (energy self-sustaining palm oil mill). Prevents uncontrolled release of greenhouse gases into the atmosphere
Biomass To Renewable Energy
  • For rural electrification, captive power and grid-connected plants
  • Utilisation of biomass (in raw form or biofuel pellets) as a renewable resource for production of renewable energy
Waste-to-Energy, Waste-to-Resource
  • Plasma gasification of industrial, medical and hazardous wastes
  • Total solution for municipal solid wastes using plasma gasification or "plasma hybrid"
  • High-solids anaerobic digestion of food and green wastes to capture biogas
  • Production of renewable energy for sale to the national grid under the Feed-In Tariff program

FIRE SERVICES DIVISION
Dubbed as Malaysia’s premier “One-Stop” fire protection specialist, this business continues to be bread and butter for the Group generating a steady stream of income...

The Fire Services core business entails:

Manufacturing & Trading
  • Manufactures fire-resistant door sets, fire extinguishers, fire safety apparel and foam systems for industrial use
  • Trading of full range of fire safety and protection equipment, as well as complete range of fire-fighting and rescue equipment
  • Holds foam and blending rights of Chemguard USA for the ASEAN market
M&E Engineering Services
  • Provides M&E contracting services for projects based on a design and build concept
  • Supplies, installs and provides solutions for electrical, mechanical and fire protection services
  • Provides air conditioning and plumbing solutions
CMS & Maintenance
  • Operates and manages the Fire Department's Centralised Fire Monitoring System
  • Provides fire maintenance services