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AmBank BizRACE Season 4 Top 10 Revealed

22 October 2024

AmBank BizRACE Season 4 Top 10 Revealed: Showcasing Malaysia's emerging leaders in IR4.0 and ESG adoption

Only 10 remain from 1,000 companies to secure a spot as the Top 3 finalists


AmBank Group has unveiled the selection of 10 businesses advancing to the final phase of AmBank BizRACE Season 4. This season of the competition centres on the theme of Industry Revolution 4.0 (IR4.0) and Environmental, Social, and Governance (ESG) adoption. Nearly 1,000 companies competed, and after an intensive selection process, the 10 selected companies will now vie for the Top 3 positions in the final phase of this competition.

The fourth season of AmBank BizRACE champions the future of Malaysian businesses by empowering them to excel in smart automation and sustainability, both of which are critical to staying ahead of the curve. The Top 10 finalists exemplify a new breed of business leaders who have optimized their operations through the integration of advanced technologies while embedding sustainable practices and social responsibility into their business models, setting the pace for other Malaysian businesses.

Christopher Yap, Managing Director, Business Banking, AmBank Group said, "AmBank BizRACE is part of our ongoing commitment to supporting businesses as they navigate today’s dynamic market, particularly in the context of an increasingly digital and environmentally conscious world. This season is not just about technological innovation, but also recognising businesses that prioritise sustainability as a key differentiator. The Top 10 finalists are paving the way for a new generation of companies that are future-ready and purpose-driven. We look forward to seeing how they further embrace IR4.0 and ESG across their value chains."

The Top 10 Finalists for AmBank BizRACE Season 4 are:

  1. BloomThis Flora Sdn Bhd
  2. Chuan Sin Sdn Bhd
  3. Diverse Integrated Sdn Bhd
  4. HZ Green Pulp Sdn Bhd
  5. IMetal (M) Sdn Bhd
  6. Linkk Busway Systems (M) Sdn Bhd
  7. Morrissey Assembly Solution Sdn Bhd
  8. Steady Auto Body Maker Sdn Bhd
  9. Sydney Cake House Sdn Bhd
  10. Trapo Marketing Sdn Bhd

Each of these companies have demonstrated an innovative approach to smart manufacturing, data analytics, and machine learning while also advancing initiatives such as energy efficiency, waste reduction, and workforce empowerment. As part of the programme, the participants were given a comprehensive lineup of one-to-one development and coaching, which included on-site factory visitations to assess each company’s pain points and smart automation capabilities, providing them with the tools to enhance their competitive position.

Darren Chan, CEO of Bosch Rexroth Malaysia, said, "We are thrilled to see the incredible progress and dedication demonstrated by the Top 10 finalists. These companies serve as inspiring case studies and role models for integrating IR 4.0 and ESG principles into their business. As our experts from Bosch Rexroth visited these participating companies to assess and advise on their pain points, we have seen the commitment and innovation displayed by these businesses. We are proud to have helped them find viable solutions to reduce waste, increase productivity, improve processes, and decarbonise".

Ir Ts Shamsul Bahar bin Mohd Nor, Group CEO of Malaysian Green Technology and Climate Change Corporation, also shared, "Each of these companies exemplified outstanding leadership in green practices through innovative products, services, and business models. MGTC had the privilege of coaching these businesses in energy efficiency, renewable energy, green strategies and sustainable business practices. During this exercise, we gained refreshing insights into their unique strengths and areas for improvement. Their commitment to sustainability sets a benchmark for the industry to prepare Malaysia towards a low carbon economy.”

Max Lee, CEO of Pantas, said, "We are proud to support the participants of the AmBank BizRACE programme by equipping them with the tools to seamlessly measure, track, and report their carbon emissions and ESG metrics. Pantas’ carbon management and ESG platform enables businesses to efficiently collect and monitor their Scope 1 and 2 emissions, alongside key ESG indicators, while automating the reporting process. This gives them actionable insights into their sustainability performance, empowering them to take informed steps to enhance their environmental and social impact."


What's Next for the Finalists?

The Top 10 finalists will soon undergo in-person coaching related to their respective IR4.0 and Sustainability Frameworks and Action Plans with industry specialists from Bosch Rexroth Malaysia, Malaysian Green Technology and Climate Change Corporation (MGTC). The total prize value this season amounts to RM2,000,000, which comprises development programmes centred around IR4.0 and ESG workshops, one-to-one consultations, Green, Carbon Management & ESG Solutions, and on-site factory assessments by industry specialists from Bosch Rexroth, MGTC, as well as Pantas Software. The Grand Prize will also include a sponsored innovation trip abroad in 2025.

The AmBank BizRACE is a business development programme launched in 2017 aimed at empowering businesses in Malaysia to embrace innovation, digital transformation, and sustainable growth. Through expert-led mentoring, customised workshops, and access to resources, BizRACE provides a platform for businesses to lead the way in shaping the future of the Malaysian economy.

For more information, visit www.ambankbizclub.com

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