Higgstec Inc. (5220)

Overview

Globaltec Formation Berhad stands as an eminent investment holding entity offering integrated manufacturing services (IMS) across a diverse geographical landscape that includes Malaysia, Indonesia, Singapore, Thailand, the United States, the People’s Republic of China, and other international locations. Initially known as Temasek Formation Berhad, the company underwent a name change to Globaltec Formation Berhad in April 2012, marking a significant milestone since its inception in 2011. With its headquarters based in Kuala Lumpur, Malaysia, Globaltec operates through three primary segments: IMS, Resources, and Energy. The organization is dedicated to serving the electronic and automotive industries by manufacturing and fabricating an array of critical components, alongside its engagement in the exploration and production of oil and gas, as well as the agricultural sector through the cultivation and sale of oil palm fruit bunches.

Products and Services

• Integrated Manufacturing Services (IMS)

  Under this segment, Globaltec Formation Berhad specializes in the production of tools, dies, and stamped metal components predominantly for the electronics and automotive sectors. The company prides itself on its capability to deliver high precision tooling, die-sets, jigs, and fixtures. Additionally, it manufactures semiconductor molds and parts, alongside high precision components, catering to the intricate needs of its clientele.

• Design and Manufacture of Turnkey Automation Systems

  Apart from traditional manufacturing services, Globaltec extends its expertise to the design and manufacturing of turnkey automation systems. This service is aimed at enhancing the operational efficiency of manufacturing processes through the integration of automated systems.

• Automotive Steering Columns and Related Components

  The organization also delves into the automotive sector more specifically by manufacturing automotive steering columns and related vehicle components. This highlights Globaltec’s diversified capabilities in serving various facets of the automotive industry.

• Automotive Components Manufacturing and Marketing

  Globaltec further expands its automotive industry presence through the manufacturing and marketing of broader automotive components, indicating a comprehensive service portfolio designed to meet the industry’s expansive needs.

• Oil and Gas Exploration and Production

  Moving beyond manufacturing, Globaltec engages in the exploration and production of oil and gas, including coal bed methane. This segment signifies the company’s strategic diversification into resource extraction, demonstrating its multifaceted service offerings.

• Cultivation and Sale of Oil Palm Fruit Bunches

  The company also ventures into the agricultural sector with its involvement in the cultivation and sale of oil palm fruit bunches. This operation aligns with its resource segment, further broadening its business horizon.

• Services to the Oil and Gas Industry

  Complementing its exploration and production activities, Globaltec Formation Berhad provides a suite of services to the oil and gas industry. This encompasses a wide array of support services designed to facilitate the operational needs of the energy sector.