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OUR
COMPANY
Padiberas
Nasional Berhad (BERNAS) came
into being with the taking over of Lembaga Padi dan
Beras Negara's (LPN) role as the custodian of
Malaysian paddy and rice industry when the latter was
privatised in January 1996.
BERNAS continued to perform an important role in
the national paddy and rice industry and also assumed
all social and commercial obligationS previously
undertaken by LPN.
These include conserving, maintaining and
managing the National Paddy/Rice Stockpile, representing
the government on the management and disbursement of
subsidies to paddy farmers, managing the Bumiputera Rice
Miller scheme, purchasing paddy from farmers at
guaranteed minimum price and acting as the buyer of last
resort. In return, BERNAS was given the right to import rice into Malaysia
until 2010,
with the option for renewal for another five years,
subject to approval.
On 25 August 1997, BERNAS was listed on the Kuala
Lumpur Stock Exchange main board, marking a historical
significance.
BERNAS has continued to evolve through the integration
of its supply chain with international players at the
wholesaling, farming, processing and supplying levels.
With this solid foundation, BERNAS has managed to
overcome challenges including the (1997/1998) regional
financial crisis.
As a corporate citizen, BERNAS is dedicated towards
ensuring continuous rice supply at affordable prices to
feed the nation, by optimising its supply network,
infrastructure and distribution network. It also places
a particular concern on improving its environmental
management, emphasising on effective rice husk disposal
as well as diversification into other product lines
utilising the potential of its by-products.
Today, BERNAS is just as committed to remain as a
responsible organization in meeting and possibly
exceeding the needs of consumers, providing optimum
return to its shareholders and a stimulating and
satisfying working environment for its employees.
Achievement of our objectives remains as the driving
force in herding the organisation to greater heights of
success and acknowledgement.
Diversification into other related business activities
has led to a greater market penetration and a more
established ground. The Group is currently working to
emerge as a world-class competitor following the Asean
Free Trade Area.
Looking ahead, in facing the challenges of globalisation, BERNAS will continue its endeavour into
new and profitable frontiers-synergising with other
food producers, enhancing its diversification of
resources into related and other businesses, deepening
linkages with related sectors to increase its product
range and services, to provide the very best of variety
and excellence in its mission to attain a competitive
edge in the era of globalisation.
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