Rapid business expansions via acquisition of infrastructure related businesses

The CMS Board incorporated two subsidiaries – CMS Cement Sdn Bhd and CMS Properties Sdn Bhd. CMS acquired stakes in three Sarawak Economic Development Corporation subsidiaries – Sara Kuari Sdn Bhd, including PPES Works (Sarawak) Sdn Bhd and PPES Premix Sdn Bhd; Steel Industry Sarawak Bhd; and PCMS Sdn Bhd. CMS’ infrastructure business expanded with the acquisition of Jabatan Kerja Raya’s premix plants, and constructed new plants. In 1994, the CMS Board recognised the need to centralise all shipping matters through Archipelago Shipping (Sarawak) Sdn Bhd. The transaction proceeded in 1996, and Archipelago Shipping was renamed as CMS Transportation Sdn Bhd. In November 2001, however, Achi Jaya Services Sdn Bhd offered to acquire CMS Transportation Sdn Bhd for RM30 million and the proposed disposal was completed in January 2003.