MELAKA: Composites Technology Research Malaysia Sdn Bhd (CTRM) aims to become a billion ringgit company in two years, on the back of a rapidly-growing global aviation sector.
CTRM group chief operating officer Shamsuddin Mohamed Yusof said this during a media briefing at CTRM's plant in Batu Berendam here today.
At the briefing, held in conjunction with the announcement of the company winning the "Best Improver Award 2017" from Airbus at the Supply Chain & Quality Improvement (SQIP) programme in April in France, Shamsuddin said that the company registered a revenue of RM855 million in FY2016.
He also told the media that this year, the company, a unit of DRB-HICOM Group of Companies, is spending RM93.4 million building a sixth building in Melaka, scheduled for completion in Feb 2018.
He said that Airbus currently accounts for 70 per cent of CTRM's business at present.