26 September 2016 – XH Smartcard and three major smart card companies in Southeast Asia have come together to form the “International Business Alliance of Card Manufacturers” (IBACM). IBACM consists of Zhuhai XH Smartcard Co., Ltd. (China), PT Jaya Smart Technology (Indonesia), Chan Wanich Security Printing Co., Ltd. (Thailand), Infortified Pte. Ltd. (Singapore) and AllCard Plastics Philippines Inc. (Philippines). This alliance has been created to address the increasing needs of card manufacturers to provide an end-to-end, comprehensive and cost-effective solution for the digital security industry.
(From left to right: Mr. Ee Hou Lim (Director, Infortified), Mr. Leo He (Chairman, Zhuhai XH Smartcard), Mdm. Irma Halim (President Director, Jaya Smart Technology), Mdm. Allieta Cue (Chairman & CEO, AllCard Plastics), Mr. Ronnachai Kongboonma (Managing Director, ChanWanich Security Printing)
Mr Leo He, Chairman of Zhuhai XH Smartcard and representatives from the three smartcard companies attended the signing ceremony. “Having IBACM will enhance communication and collaboration, which promote play of each its member’s advantage to break through the traditional business model and open up new market,” commented Mr He, “It also forms a solution mechanism with risk resilience and regional industry development key characteristics that has positive implications for its members and the development of smart card manufacturers in the region.”
(XH chairman at the signing ceremony)
“We believe it is time to join together to work towards a common goal, not just in establishing economies of scale, but to help each other grow as well,” commented Allieta Cue, Chairman and CEO of AllCard and the first Chairman of IBACM’s Advisory Board.
“The industry is facing great price pressure while continuing to improve and enhance product quality,” said Mr. Ee Hou Lim, Director of Infortified and Director of IBACM Working Committee. “Companies have been pressured by price erosion, and in some projects, selling below cost. Having this alliance will not only help to reduce the production cost by means of economies of scale, but also promote collaboration between members and create the largest smart card production and service network.”
It is reported that among the short-term objectives of IBACM are reducing costs and minimizing supply chain issues, consolidating raw materials, and providing adequate training to employees. The IBACM Working Committee will start work immediately under the guidance of the IBACM Advisory Board to roll out these programs to all members.
●IBACM is a non-profit organisation in the digital security industry founded in 2016 with card manufacturers from different regions to promote close business collaboration among members.
