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Essay / Overall Company Achievement - 653
Maxwell International Holdings Berhad has made many achievements in the aspects of production lines, management, credibility and operation. His outstanding achievements can be linked to his hard work over the years. When the company was established in 1999, it had only one production line with an annual production capacity of approximately one million pairs of sports shoes. In just one year, the company managed to build another production line, increasing the capacity to two million pairs of shoes per year. The company's success in expanding its production lines allowed it to secure a contract with US Polo. In 2001, Maxwell Company was awarded as an Outstanding Enterprise for Safe Production by the Qingyang County Government. The objective of this award is to appreciate the group's security production. Meanwhile, Maxwell Company was awarded as an outstanding enterprise by the Qingyang County Committee of the Communist Party of China and the Qingyang County Government in 2002. The award aims to appreciate the overall excellent performance of the company from 1999 to 2002. Thanks to its official recognition by the Chinese government, the company managed to secure a contract with another American brand, Fubu. As an appreciation for the company's excellent product quality management, the company was awarded the Outstanding Company in Regulated Quality Management award in 2003. Its excellent product quality management has attracted many investors. From the company's annual report, we can see that the number of investors has increased significantly compared to previous years. Apart from this, the company has gained excellent credibility...... middle of paper ......milestone in the company's history. Since the company is listed on Bursa Malaysia, it can attract more investors by issuing shares. This allows the company to have more funds for business expansion. During 2012, Maxwell International Holdings Berhad spent about RM6 million to acquire 92.5% of the issued share capital of Hong Kong-based retailer Ying Ying Limited. December 2012. Through the acquisition of Ying Ying Limited, Maxwell International Holdings Berhad successfully diversified its business by engaging in the fabric industry. The same year, Maxwell secured a contract with the leading Chinese sports shoe brand – Li Ning. In a nutshell, Maxwell International Holdings Berhad is proven to be a company with growth potential. We are confident that the company will continue to expand into a larger company in the future. .