Its managing director, Syed Izuan Syed Kamarulbahrin, said the new look solidified SIB as an independent entity distinct from Sapura and its subsidiaries.
“We would like to make it very clear that there is no connection between SIB and Sapura Group.
“With this, we further solidify our position as an independent entity and a trusted growth partner that focusses highly on resilience, integrity, and responsibility in the way we do our business,” he said at SIB’s 40th anniversary event in Kuala Lumpur.
Corporate head Liyana Lee Abdullah said SIB had not been a part of the Sapura Group since 2013, when the latter transferred its stakes in the firm to the group’s founder and chairman, Shamsuddin Abdul Kadir.
“We have been operating fully as a standalone company since then, totally outside of Sapura Group, with no common major shareholders and no common directors,” she said.
Even with a refreshed visual identity, Syed Izuan said SIB would continue its commitment to its core values which include integrity, excellence, people, innovation, and purpose.
“They are at the heart of every decision, every product, and every partnership that we have established.
“This new identity is also a new lens for us. It sharpens our focus. It strengthens our voice and expresses who we are: a company with a global mindset and a local heart, right here in Malaysia.”
US tariffs virtually no impact on SIB
Syed Izuan also assured SIB’s customers that they would not be affected by the ongoing uncertainty around the US tariff announcements.
“As far as we are concerned, we are insulated in the sense that it will mainly impact countries or businesses that deal with the US. We’re pretty much serving the local market, as that is where most of our customers come from.
“However, even though we are not impacted directly but indirectly, we are continuing to assess the situation and checking in with our clients,” he said.
He also said the firm was prepared to venture into new industries, including for medical and pharmaceutical devices, electric vehicle (EV) services, and EV batteries.
SIB executive director Mariam Parineh said the company was particularly keen to invest in technology for the repair of EV batteries.
“This is where we feel we can make the biggest impact in the EV market – it is to understand what the supply and maintenance cost is like for EV car owners in order to continue using their vehicles optimally,” she said.
Parineh said that in addition to research and development, SIB would establish a dedicated team trained to manage the latest EV battery technologies.
A study by Ernst & Young last year said the nation was witnessing a gradual shift in interest towards EVs, with 25% of participants expressing interest in buying such a vehicle.