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乐学成长空间 - LXInvest
26 Jan 202420:10

Summary

TLDRDanny, the Managing Director of Fibromat, discusses the company's journey from a single product producer of erosion control blankets to a comprehensive solution provider in geosynthetics. He shares his entrepreneurial beginnings, the challenges faced, and the strategic pivots that led to Fibromat's growth. Danny highlights the company's alignment with ESG principles, its role in sustainable consumption, and how climate change has created opportunities for their erosion control products. He also touches on the importance of vision, team building, and the potential of listing on the ACE Market, offering insights into the future of Fibromat.

Takeaways

  • 🌿 **Fibermat's Beginnings**: Fibermat started as a single product producer using agricultural substrates to create erosion control blankets.
  • 💧 **Innovation in Erosion Control**: They introduced a new turfing method involving hydroseeding and using blankets to protect seeds and encourage growth.
  • 🌱 **Expansion into Sustainability**: Over time, Fibermat expanded its product range and ventured into sustainability, circular economy practices, and biomass utilization.
  • 🔄 **Diversification of Products**: The company diversified from erosion control to reinforcement, greening, and surface runoff control, becoming a one-stop center for geosynthetic solutions.
  • 🏆 **Entrepreneurial Roots**: Founder Danny's entrepreneurial spirit was ignited by a desire to provide a better life and make his parents proud, despite starting from humble beginnings.
  • 🎓 **Educational Background**: Danny's transition from a non-academic background to pursuing a diploma in mechanical engineering played a role in his entrepreneurial journey.
  • 💼 **First Business Venture**: His first venture, Line Tech, started with a small investment and grew through perseverance and taking on challenging projects.
  • 🌐 **International Partnerships**: Danny's openness to international partnerships, such as with Westberry Structures from the UK, led to significant growth and learning opportunities.
  • 🏗️ **Overcoming Challenges**: The company faced and overcame significant challenges, including the Asian financial crisis, by completing prestigious projects like the Formula One circuit.
  • 🌱 **ESG and Climate Change**: Fibermat is positioned to benefit from the growing emphasis on ESG and climate change mitigation, with projects like flood mitigation and sediment control aligning with global trends.
  • 📈 **Growth and Expansion**: Despite market fluctuations, Fibermat has shown consistent growth, with plans for an IPO and a clear vision for future expansion, especially with government initiatives.

Q & A

  • What is the primary function of the erosion control blanket produced by Fibat?

    -The primary function of the erosion control blanket is to protect seeds from being washed away during rain and to prevent birds from picking on the seeds, thus encouraging seed growth and preventing soil erosion.

  • How did Fibat expand its product range over time?

    -Fibat expanded its product range by moving from using just straw as an agricultural substrate to incorporating other materials like coconut fiber, EFB (empty fruit bunch) fibers, and palm oil fibers, thus diversifying into various erosion control products.

  • What does Mr. Danny consider as the two main product categories of Fibat?

    -Mr. Danny considers the two main product categories of Fibat to be erosion control and geosynthetics.

  • How has Fibat's approach to sustainability and circular economy been described in the script?

    -Fibat's approach to sustainability and circular economy has been described as being integrated into their business model from the start, with the use of biomass and the expansion into various environmentally friendly products.

  • What was Mr. Danny's initial motivation to become an entrepreneur?

    -Mr. Danny's initial motivation to become an entrepreneur was to provide a better life for his family, inspired by his upbringing in a small coffee shop and the desire to not follow the same path as his parents.

  • What was the first company Mr. Danny started and what was its initial business?

    -The first company Mr. Danny started was Line Tech, which initially focused on refurbishment of water tanks and containment.

  • How did Mr. Danny's background in mechanical engineering influence his entrepreneurial journey?

    -Mr. Danny's background in mechanical engineering provided him with the technical knowledge to understand and improve the machines used in his businesses, such as the erosion control blanket production machine.

  • What significant project did Fibat undertake that demonstrated their ability to handle large-scale projects?

    -Fibat undertook a prestigious project for the Formula One racetrack during the Asian financial crisis, which demonstrated their ability to deliver large-scale projects even under challenging conditions.

  • Why did Fibat decide to list on the LEAP Market in 2019?

    -Fibat decided to list on the LEAP Market in 2019 as part of a long-term vision for growth and to raise capital for further expansion, having considered listing since as early as 2013.

  • How has the concept of ESG impacted Fibat's business?

    -The ESG concept has impacted Fibat's business positively, as it aligns with their focus on biomass and sustainable products, and has led to increased opportunities due to government efforts in biomass and climate change mitigation.

  • What is Mr. Danny's advice for aspiring entrepreneurs regarding building a dream and dealing with competition?

    -Mr. Danny advises aspiring entrepreneurs to have a clear vision, build their own dreams, and understand that to be very successful, one needs not only family and friends but also enemies and competitors to drive them forward.

Outlines

00:00

🌱 Founding and Expansion of Fibat B

Danny, the managing director of Fibat B, shares the company's journey from a single-product producer to a diverse enterprise. Initially, they manufactured erosion control blankets using agricultural substrates like straw. They innovated by employing hydroseeding and the blankets to protect seeds and encourage growth, preventing soil erosion and bird interference. Over time, Fibat B expanded its product range, incorporating materials like coconut fiber and engaging in sustainable practices, which align with current discussions on sustainability and circular economy. The company now offers solutions for erosion control, reinforcement, greening, and stability control, positioning itself as a one-stop center for such services.

05:01

🚀 Entrepreneurial Beginnings and Challenges

Danny reflects on his early life, growing up in a family that ran a small coffee shop, which instilled in him a strong work ethic and the desire to provide a better life for his family. Despite not being a top student, he was determined to succeed and enrolled in a mechanical engineering diploma. He quickly transitioned into the workforce, starting with a modest salary and rising to higher positions. His first entrepreneurial venture, Line Tech, began with limited capital, refurbishing water tanks and containment structures. He faced significant challenges, including securing his first job and overcoming skepticism from established companies. However, with perseverance and the support of benefactors, he managed to complete high-profile projects, including work on a reservoir critical to the water supply of a large town.

10:02

🏗️ Diversification and International Partnerships

Danny's entrepreneurial spirit led him to establish multiple ventures, including Westberry Structures, a partnership with a UK company looking to expand during a recession. Despite initial hesitation due to his lack of familiarity with the business, he took on the challenge and successfully secured significant contracts, such as the Formula One project in Malaysia. However, the project was completed during the Asian financial crisis, which led to increased costs and financial strain. Undeterred, Danny continued to seek new opportunities, eventually acquiring Fibromat, a company specializing in fiber production, and revitalizing it with innovative approaches and machinery.

15:03

🌐 Listing and Future Growth Prospects

Danny discusses the long journey towards listing Fibromat on the LEAP Market, which began in 2013 and involved various challenges and changes in strategy. He highlights the importance of ESG (Environmental, Social, and Governance) principles and how climate change has created opportunities for Fibromat, especially with government initiatives like the flood mitigation project. The company's growth trajectory is promising, with increasing demand for its products due to environmental concerns. Danny emphasizes the need for a strong team and a clear vision to build a successful business, sharing insights on maintaining a sustainable business model even during challenging times like the pandemic.

🛠️ Business Philosophy and Advice for Entrepreneurs

In the final paragraph, Danny shares his philosophy on building a business and offers advice for aspiring entrepreneurs. He stresses the importance of having a clear vision, a strong team, and the ability to adapt and learn from various experiences. He believes that success comes from not only having supporters but also from having competitors and enemies that push you to do better. Danny also talks about the importance of treating employees well, even when they leave, to maintain good relationships and avoid unnecessary competition. He concludes by emphasizing the need for a shared vision and the potential for significant growth in the face of climate change and environmental challenges.

Mindmap

Keywords

💡Fibermat B

Fibermat B is the company discussed in the video script, which initially started as a single product producer using agricultural substrates for erosion control blankets. It is central to the video's theme of business evolution and innovation. The script mentions how the company began with a focus on environmental solutions and expanded its product range over time.

💡Erosion Control Blanket

An erosion control blanket is a product used to prevent soil erosion and promote seed growth, which is a key product of Fibermat B. It is integral to the company's mission and is mentioned as a starting point for their business, illustrating the company's commitment to environmental protection and sustainable practices.

💡Hydroseeding

Hydroseeding is a method of applying seed and mulch to the ground using water, which is mentioned in the script as the technique used after producing erosion control blankets. It is a crucial process for establishing vegetation on slopes and other areas, showcasing the company's innovative approach to environmental solutions.

💡Sustainability

Sustainability is a key concept in the video, referring to the company's focus on sustainable consumption and circular economy practices. The script discusses how Fibermat B has been involved in sustainable practices long before it became a popular concept, indicating the company's forward-thinking and commitment to the environment.

💡Geosynthetics

Geosynthetics are materials used in various civil engineering and environmental projects, such as erosion control and reinforcement. The script mentions that Fibermat B classifies itself under the category of geosynthetics, emphasizing the company's expertise in this field and its role in providing solutions for environmental challenges.

💡Entrepreneurship

Entrepreneurship is a central theme in the video, as the speaker, Danny, shares his personal journey from a small coffee shop to establishing multiple companies. The script highlights the challenges and the drive behind entrepreneurship, illustrating the speaker's passion and determination to succeed.

💡Benefactors

Benefactors in the script refer to individuals who provide support or opportunities, which are crucial for an entrepreneur's success. Danny mentions a general manager who took a risk and awarded him a significant job, underscoring the importance of such support in business ventures.

💡Outsourcing

Outsourcing is mentioned in the context of handling increased demand for products. The script explains that Fibermat B may outsource certain tasks to other companies if they cannot manage the workload themselves, demonstrating a strategic approach to business growth and capacity management.

💡ESG

ESG stands for Environmental, Social, and Governance, which are factors used to measure a company's commitment to sustainability. The script discusses how Fibermat B is impacted positively by the ESG concept, as it aligns with their business model and the current global focus on environmental issues.

💡LEAP Market

The LEAP Market is a platform for companies to list and raise capital. The script mentions Danny's intention to list Fibermat B on the LEAP Market, indicating a strategic move to expand the company's reach and attract investment.

💡Climate Change

Climate change is a significant theme in the video, as it discusses how Fibermat B's business is influenced by and contributes to addressing the impacts of climate change. The script mentions projects related to flood mitigation and sediment control, which are directly linked to the effects of climate change.

Highlights

Fibermat B started as a single product producer using agricultural substrates for erosion control blankets.

Introduced a new method of turfing with hydroseeding to protect and encourage seed growth.

Expanded product range to include coconut fiber, EFB fibers, and palm oil fibers for erosion control.

Ventured into sustainable consumption and circular economy practices early on.

Grew into a one-stop center offering solutions for erosion control, geosynthetics, and reinforcement.

Founder's background includes a humble start in a small coffee shop, inspiring a drive for entrepreneurship.

Danny's first venture into entrepreneurship was Line Tech, starting with a small capital and growing the business.

Overcame initial struggles in Line Tech by securing jobs and support from friends and industry professionals.

Successfully completed a prestigious project for Formula One during the Asian financial crisis.

Fibermat's listing journey began in 2013 with various challenges and adjustments.

ESG concept and climate change have positively impacted Fibermat's business in terms of demand for their products.

Government's flood mitigation project, allocating 16 billion, presents a significant opportunity for Fibermat.

Fibermat's growth trajectory is expected to continue, supported by climate change initiatives and government projects.

The company has plans for expansion and outsourcing to meet growing demand without compromising quality.

Fibermat's business model has proven sustainable, even during the pandemic, with consistent growth and profitability.

Danny emphasizes the importance of having a clear vision, a supportive team, and the ability to adapt and learn.

Being a local manufacturer in Malaysia, Fibermat has faced challenges but has also capitalized on opportunities.

The founder's advice for entrepreneurs includes building dreams, having a clear vision, and embracing challenges.

Transcripts

play00:28

h

play00:39

manag director Mr

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Danny I'm Danny from fber so why not

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let's spend some uh quick moment to kind

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of like go over like a brief overview

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about what is f fomat B all about okay

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uh Fiat actually when we first started

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uh we are just a single product uh

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producer you're using one of the

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Agricultural substrates uh which is draw

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to produce erosion control blanket using

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erosion control blanket we use a new

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method of turfing that is we Hydro seed

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it after we Hydro seed it we need to

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protect the seed and also encourage the

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growth of the seeds so therefore uh this

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erosion control blanket serve as a

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mching and also so it covers the area

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when it rains you know the the C won't

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wash away and also the birds you know

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don't pick on the seeds yeah uh so from

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there we expanded we use more more

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products on erosion control like instead

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of using just pedestal we we went into

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using uh coconut fiber you know uh efb

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fibers pomoy fibers you know so

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indirectly we are actually using a lot

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of biomass directly we already Venture

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in something that now people are talking

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about know when you talk about

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sustainability you're talking about

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sustainable consumption you're talking

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about circular economy and that is

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actually we have already started Long

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Way ago from that onwards uh we have

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expanded uh we have expanded from

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erosion control then we went into uh

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reinforcement uh we go into Greening uh

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we go into I know uh tability control uh

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surface uh runoff control so we are like

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now almost like a onetop center we

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always emphasize two main product that

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we are in that is erosion control and

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geosynthetics we we classify ourself

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under two main category uh that is like

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I say erosion control getic yeah do you

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always wanted to be an entrepreneur and

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then if so when have this like uh this

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thought started I came from uh not not

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well to to uh family we run a very small

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coffee shop when we was small after

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school we have to uh open the go

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you know cycle up to cut the you know

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the the leaf you know where we used last

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time we don't have plastic you know when

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you want to WRA the quo or whatever we

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have to cut the leaf and wash the leaf

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and prepare all kind of things you know

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at that time you know cup of coffee is

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only 10 cents you know how much you know

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to make 10 Ring a day I think is a big

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Challenge from small I swear to myself I

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will never go into this business I will

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never do these things so I tell myself I

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need to make at least 1,5 you know ring

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or then I were able to give a better

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life to my my mother so I mean this is

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something that actually uh uh embeded in

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our the desire to do something I mean

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both my brother and myself I think there

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is something that the drivers in into

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entrepreneur that we wanted to do want

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to make something you know to to make

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our parents proud I think that is uh

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that is how uh we uh we started my first

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Venture into entrepreneurship is that

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I'm not a good student I'm always at the

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last class after graduating you know in

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our parents don't know how to advises

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you know what to do my mother always

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emphasized you must learn you must get

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something you know even though she's not

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she don't study she not learn but she

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knows you want to do something for us so

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I was looking at the newspaper and you

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know see okay mechanical engineering you

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know wow there a lot of vacancy for

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mechanical so I enroll as a mechanical

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engineering diploma so imagine from

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stream know going to S stream you know

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it's a real challenge you know well I I

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completed the my three years Friday is

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my last day Monday I start for us you

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know we we the desire to do to achieve

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something so we cannot waste time you

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know started at 500 ring you know 500

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per month basic pay went up to 700 ring

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then that it was doing the first fin

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prices 1987 so I got 560 so at that time

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I was actually I I got Mar quite young

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okay so I mean 561 good to do I mean

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there's nothing that you can do yeah I

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think I I I want to start my own

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business I tell my wife she said if you

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want to do parents give us some jewelry

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you know you see you can porn you can do

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whatever take away you know try to start

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something probably you get about 20

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30,000 uh that's how I started my first

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company uh Line Tech you know doing uh

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refurbishment water tanks and and

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containment like how was the Journey of

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like starting a company from zero what

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what was the struggle that you faced

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when you having this line Tech uh

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company when I first started I got the

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first job you know from PS to to repair

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one tank in near ULU clang it's not a

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big job I think probably less than

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10,000 R you know so we managed to get

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it done I have friends who willing to uh

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give us support even we new company

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always like to thank one engineer

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happens to my hometown uh Mr CH he's the

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general manager of PPA uh

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uh at that time uh have a problem in buk

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Road or maxwelli there a old Reservoir

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built by the British uh this Reservoir

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actually serve like maybe half of typing

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town if this Reservoir were the bir or

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doesn't work you know then a lot of uh

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inhabitants in typing will have will be

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affected I you know went to him I say

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well I can do you know he took the risk

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he award to us we managed to get it done

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this is a very tough job nobody can do I

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mean uh in this line at that time

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because uh uh we happen to be the the

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company who who specialize they cannot

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find any other uh other company so I

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would say that know uh in life we need

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to have a lot

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of you know we really need a lot of

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benefactors you know to help us in in a

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journey to life going back to what uh my

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experience uh when working for my the

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other company okay when I work in that

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company was actually uh designated as

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the technical executive the company

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actually does this kind of thing but

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then they don't have any team you know

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that undertake this kind work which is

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out of your scope you know and you want

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to be calculative then oh that's not my

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job you know my job is doing sales my

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job is doing technical marketing this

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not side work there something like I say

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I'm born in that kind of environment

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anything also I can do you give me

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opportunity to learn you know it depend

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how you perceive you know so I say okay

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I do so when I came out actually they

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don't have anybody who knows how to do

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when I go to the market well who has

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experience I'm the one who have

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experience so from there I only train my

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people how to do what makes you uh make

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the move on creating the your second

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company actually uh it's not my second

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company oh okay but I I'm a Serial

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entrepreneur I I just love doing things

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you know doing entrepreneurship I just

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like to do it because probably when I

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you know some you succeed one you can do

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you want to do everything I just want to

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share something very significant this is

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Westberry structures I have a friend

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from UK that is during the UK recession

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so they were trying to expand you know

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to to somewhere in Malaysia they said

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then I want you to be my partner I want

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you to to work so I say come on I don't

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know you ask me to look read the drawing

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I'm not able to understand so I said how

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I'm going to be he want me to the uh to

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be like the marketing director and all

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this I said sorry I can't no no no no

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you can so I said okay since you say I

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can okay I will take the challenge so

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okay I took it you know immediately I

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mean the first job I got the Gan

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headquarter is a our first blob then

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after that we got our sham Indo Stadium

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again I say I'm lucky you know going

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into something which is totally alien to

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me and uh able to do it yeah but the

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last draw was the we got one prestigious

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job that is the Formula One the time

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when we got the job the US was 2.2 that

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was during the Asian financial crisis so

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when we start the job uh it sh up to 4.5

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okay so we're supposed to host the first

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race so by hook or by cook you know we

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have to deliver yes uh we finished the

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job and we are

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finished

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wow that's that's an interesting to

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saying it wow I mean the cost double I

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mean it definitely hurts since like you

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are finished in a way like the company

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is finished what was your next next

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venture I mean did you go back to Line

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Tech or you just like what what did you

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do after that that was in 1998 you know

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it's just that I mean in in one life you

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know it's just that you know are you

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going to cry over it and you know become

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very you know depressed over the

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situation a true entrepreneur is not how

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many times you fall you know how many

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time you you get up after you fall right

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so naturally I still have my Line Tech

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to fall behind and say okay now we look

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for something you know maybe something

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small and we can expand from that we've

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offered this company uh fibrom Med so

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this company also went bu fiber actually

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is uh started by United Engineers we we

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negotiated with them because there just

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least that we can do something you know

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on that that thing got the thing agreed

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at 300,000 R okay with my partner n but

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what we have for 300,000 okay it's just

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the name okay and a very old machine

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that actually doesn't work happened that

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uh one of the staff who's working for us

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uh in line T so he was the former staff

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of that company I think good I will

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transfer you to this company and you

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teach me I get the staff to teach me how

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to do and what to do and with my little

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bit of uh mechanical engineering

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background I okay manag to get the

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machine back into working well I would

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say that uh when the first product come

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out you know I I would say it's a

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totally

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rabish so we managed to get one big job

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uh for uh from sangai to Guam musang

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where they used a lot of erosion control

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blanket we have a lot of orders mhm so

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how am I going to expand how I'm going

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to replicate so what idea is that

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reverse engineering took this machine

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you know went to EO Foundry got them to

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do you know another two machine so that

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we are able to meet the demand we manag

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to meet the demand however then uh as

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business grows you know then we saying

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that well we cannot get keep on when

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other people will come you know then we

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are nothing will be we'll be out the

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market so I decided to you know go to

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Germany in this uh euroian control

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blanket machine there's only two

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manufacturer in the world both are in

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Germany and both are related and both in

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the same place it's just like a vinity

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it's just like walking distance you know

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oh so when there you know I said yeah

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I'm interested to purchase your machine

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but I don't have money you I only want

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to buy certain uh key component of your

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machine are you willing to sell or not

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so you say okay the rest we will do

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ourself I think think we managed to do

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it uh uh very cheap probably at that

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time uh it cost us about 3 400,000 ring

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you know uh but 3 400,000 to is a lot so

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we got the first German machine so that

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at least we have something uh of a

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German uh with uh localized you know uh

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so that the machine can work it will be

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a much better product that we used to

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produce so what actually makes you want

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to list fibrom back in 2019 to to LEAP

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Market my uh listing jour very long ago

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maybe like 20113 you know we talking

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about listing so my first uh listing

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exercise was with OS you know we talking

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about Ace because OS was taken over by

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RHP then later on we went for Ain I mean

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had problem with them then with our

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prospector which done we downgrade to IM

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uh info memo then we relas it at a Li

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and this is how it happens is fiber

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thinking about going to a market anytime

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soon or what is the the the next uh

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future plan we already assembled the

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whole advises that we're doing for our

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uh lip exercise uh I think we should

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make an announcement very soon how does

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this ESG concept is impacting uh fibrom

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is it impacting in a good way or neutral

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way first of all when we venture into

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fibrom mat uh not knowing that uh we

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actually in the biomass business because

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a few years ago the government is

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putting a lot of effort uh into biomass

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you know now you can see there uh

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there's two extreme you either you have

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a a a drought you know where you have

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forest fire WF fires or you have a very

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high impact rain which create floods you

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know now if you talk about two heavy

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rainfall so we are also uh affected

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meaning that uh as opportunity to us

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that you know people now need to uh

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strengthen the slope increase the heke

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of their river banks and whatnot you

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know they we need to put budget so like

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for example due to this climate change

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now Malaysia it's not only Malaysia the

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whole world is facing you know so you

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you have floods in every very extreme

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flood you know so with this budget okay

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uh we will be the beneficiary because uh

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we are doing a lot of soft

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bioengineering it it will benefit us

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like I say because of this I would think

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that uh well the our business will be on

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the growth trajectory any noticeable

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project that you got that you can share

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with us

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I think uh uh one very uh noticeable or

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very big project the government is going

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to announce is the flood mitigation

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project that the government is

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allocating about 16 billion you a lot of

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investors also have been looking at our

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company they say oh you are almost Sant

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I think the company you know they doing

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at 40 million 4 million you I would say

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we are matured company the last few

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years you know uh we are yeah no doubt

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the Top Line they're talking about 41

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million but I have to understand I would

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say that actually at 41 million there

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100% growth now last time there's a

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there's a cake we just get a small slice

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of the cake well now the cake is so

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small we still got that such a big slice

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of the cake you know so meaning we are

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growing and not only the top line we

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also growing on the bottom line this

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year the first half result you know we

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we showed that you know we it's growing

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a lot and I would expect that this year

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the full year account is going to be

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much better is the current capacity can

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coat with the bigger cake or is there

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any like plan on like new Factory or

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what is like the plan on getting the big

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cake based on the present capacity I

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think we are able to coand it we are not

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a manufacturer per se uh we have uh like

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standard products like tion control

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products are standard is a bread and

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butter every day we produce non-stop you

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know if there's more I think uh we

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cannot try to do everything our own I

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think uh that's not right so we need to

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Outsource if we cannot do then we have

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to work with other companies you know

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because like I say we are the provider

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we design design and build with solution

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provider we give solution so whatever

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material is up to us to decide to solve

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the problem is there any shortterm or

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long-term like anything that you feel

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like other than like this 16 billion uh

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budget anything else that might be

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something that uh a potential investor

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would be interested in knowing more

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about the companying on the wave of ESG

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we are riding on the wave of climate

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change uh okay so and and these are real

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and it's not only in Malaysia most of

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the the country have to do something for

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example the Singapore airport now

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Singapore they are not talking about

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actually protecting the slope of what

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but they are talking about sediment

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control anything that you touch on the

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ground you have to cover so that when it

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rains the surface ront off is you know

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won't carry the sediments to the drain

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then you you have all our t water you

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know we are growing on the grow trory

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that I would foresee that uh our growth

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will be significant in the sense you

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know I would say that uh what we can uh

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tell the investor is that during the

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pandemic to even remain relevant you

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know is already a challenge but for us

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we are uh we are able to sustain that

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kind of growth the kind of margin that

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shows that our business is actually very

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sustainable in 2021 we were close three

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months you know three months imagine how

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much we have to lose at the end of the

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year we still can make a higher profit

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than the previous year and all that

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shows that we are the the business model

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I would say is a intact you know based

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on your long uh Journey on being an

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entrepreneur what would you like to

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share like your any last word for the

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audience I I always say if you don't

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build a dream somebody will hire you to

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build their dream and to be successful

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you really need family and friends but

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to be very successful you need really

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need enemies and and uh competitors you

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know so you really uh I think you must

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have a a Clear Vision what you want to

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do to be in this business okay is a big

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challenge because we are the only uh

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local manufacturer that uh in in this

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business in Malaysia sometimes you know

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as a local uh company uh you don't have

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the ground advantage in our journey the

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first 15 years actually we don't have

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any uh loan for any bank I also like to

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share to build a company you need a team

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you know a team that work together but

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how can you hold on to this team you

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know that are willing to share you know

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your dream and to work together to

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achieve your dream this is something

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very very difficult and I said that as

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an entrepreneur you are a jack of all

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tra and master of all you need to be the

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mentor you need to teach them you need

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to give them you know something that

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they are able to learn so that they

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think there's something left they know

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they they have something to to gain you

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know rather not on monetary you know and

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I always tell my stuff if you leave the

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company I'm very happy because I have a

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good student you know and I always tell

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them if you go we don't become an enemy

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we still become friend I have a few

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stuff that left us we are still working

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together so I think in that way we even

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able to preserve the business and we

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don't create unnecessary competitions

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and also the the vision and the vision

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we need to share to our people what we

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want to do how we want to do where we

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want to go so that these people know at

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least you know when they know that if I

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go to this they be rewarded there

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something they look forward if I you

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know I know I'm just getting this one

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you know the the company is not going

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any where there's nothing something that

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they going to achieve I mean they they

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will live this is very very very good

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sharing I mean I really appreciate I

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mean there's I learned a lot of like I

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hope that audience also like kind of

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found this very helpful I personally I

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learned a lot I mean once again Mr Danny

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uh really appreciate your time uh I hope

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that maybe in the future once you guys

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went on Ace Market maybe we can kind of

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like talk more about the business and

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learn more about fiom brart until next

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time thank you byebye yeah thank you

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bye-bye thank

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[Music]

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you

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[Music]

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