Taking Flight
JJ-LAPP has been recognised as the Business Unit of the Year 2024 and acknowledged on the Chairman’s Wednesday Blog. An achievement that reflects the dedication, resilience and teamwork of our people across different countries and functions.
In 2024, JJ-LAPP experienced remarkable growth across all its regional markets, strengthening its position as an industry leader. Indonesia achieved record-breaking orders and profit contributions, keeping the cable factory busy. Malaysia remained the top profit contributor, delivering another outstanding year of growth. The Philippines demonstrated resilience by overcoming project delays to reach record-high orders and profitability. Singapore showcased the power of strategic execution, closing the year with impressive profits and unprecedented order volumes. Thailand started showing strong recovery after years of external challenges, and Vietnam exceeded expectations, doubling its budgeted profit and tripling its performance from the previous year.
Beyond country-specific achievements, the success of JJ-LAPP was made possible by seamless cross-departmental collaboration. Finance played a crucial role in improving receivables and negotiating with insurers and auditors. Operations optimised stock turnover and aging stock management, enhancing working capital efficiency. HR drove employee development through training programs, digitalisation efforts and a strong performance-driven culture. Product Management expanded both Core Business and Renewable Energy offerings, introducing new suppliers and equipping the sales teams with valuable tools. Marketing & Digital Business enhanced our online presence, eShop capabilities and social media engagement, strengthening JJ-LAPP’s brand visibility. Meanwhile, the cable factory improved cost efficiency and workplace safety, ensuring smooth production operations.
One of the exciting projects this year is JJ-LAPP Vietnam’s involvement in the Tan Son Nhat (T3) airport project. Tan Son Nhat (T3) airport project is a key project of Vietnam to expand to another terminal. To build T3, the electrical cable system must have a fire-resistant wire sheath with no halogen compounds. Thanks to Lapp's high-quality products meeting these strict requirements, JJ-LAPP Vietnam successfully convinced the main contractor of the baggage conveyor system to use Lapp cables. Following the success of the T3 project, JJ-LAPP Vietnam is working on the Long Thanh airport project, the largest airport project in Vietnam, starting construction in 2025, and aims to win even larger projects.