A key component of the Sime Darby Group, Sime Darby Industrial Australasia (SDI) hopes to ride out short-term demand challenges and expects better months ahead.

Sime Darby Bhd group CEO Datuk Jeffri Salim Davidson says a reduction in both steel production and electricity generation, both key to SDI’s operations, have led to the fall in prices for both metallurgical (met) and thermal coal.

Met coal spot prices have fallen from US$160 per tonne to US$105 per tonne, while thermal coal prices have dropped to US$50 per tonne.

Funds were raised from rental of Caterpillar excavators painted in pink

It was a befitting celebration for a “grand dame” who turned 90 in 2019 as Sime Darby Industrial's Miri branch played host to a series of events held over two days to celebrate the 90th anniversary of Tractors Malaysia.

Tom Bourne, Hastings Deering's talented  Field Service Fitter, emerged as the Top Cat in ANZI in 2019, when he was awarded as the 2019 Caterpillar's Top Apprentice of the Year Award by Caterpillar.