HSL wins four-star rating from CIDB for 7th consecutive year

KUCHING: Hock Seng Lee ( HSL) has won a four- star rating from the Construction Industry Development Board (CIDB) for the seventh consecutive year.

The company has set a new record for itself, and remains one of the only construction specialists from Sarawak to win the top rating every year since 2013.

According to a press release, it is the only company to achieve four stars this year. HSL’s executive director Simon Lau who received the award on March 5 expressed both surprise and gratitude.

“First of all, I like to say this award reflects the capability of Sarawak’s construction industry to shine and compete in the global arena. It gives HSL great honour and encouragement to have this recognition. Our goal is to make Sarawak proud and to show what our boundless optimism is capable of when we all put our minds to it,” Lau said.

The rating programme, called the ‘SME Competitiveness Rating for Enhancement (Score)’ plan, is a joint collaboration between the industry development board and SME Corp Malaysia.

According to the assessment report, HSL excelled in almost every aspect. The firm was assessed for its internal management capability, technical capacity and overall company performance. The assessment also praised HSL’s ICT system, leadership, and adaptability to compete in a global economy.

It added the firm won for its proven ability and convincing performance. The organisers said the rating plan is to encourage industry players to emulate their successful counterparts with the aim of self advancing.

HSL’s major development projects last year registered satisfactory progress, recording a total revenue worth RM610.36 million, marking a 45 per cent growth or RM420.02 million (as restated) more than that of the year 2017.

As of Dec 31, 2018, HSL recorded a trade volume worth RM2.9 billion, which represents not just a substantial figure but has shown a further increase to RM3.1 billion since the beginning of 2019. Of this, RM2.2 billion worth of projects are on-going.

(From fifth left) Karambir, Yii, Julaihi and others hold promotional material for the ‘No Plastic Bag’ campaign, which will be expanded to include every Saturday starting March 30.

For the 7th consecutive year, HSL has won a four-star rating from CIDB.