DRB-Hicom forms JVco with Chinese auto parts maker to support Proton
KUALA LUMPUR: DRB-Hicom Bhd 
said a subsidiary has agreed to a set up a joint venture with a Chinese auto parts producer, as the local conglomerate targets to win more business from national carmaker Proton Holdings Bhd.
The joint venture company (JVco), to be based in Malaysia, will design and manufacture instrument panel, floor consoles and door trims and related components for vehicles.
“The JVco is also targeting to penetrate the Asean market with products manufactured using new technology,” DRB-Hicom said in a filing with Bursa Malaysia today.
The group said the JVco will also enable the group to continue supporting Proton’s business which includes expansion into the Asean market.
...
The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.
Related Stocks
Comments