Sapura Industrial Inks JV Deal To Set Up Lithium Battery Plant In Malaysia

Sapura Industrial Berhad has announced that its wholly-owned subsidiary, SIB Ventures Sdn Bhd , has entered into a binding Heads of Terms agreement with Zhejiang Zhongze Precision Technology Co. Ltd to set up a manufacturing facility in Malaysia for lithium battery precision structural components. The products from this facility are intended for export to international markets.

The joint venture will be executed through a new company, which will be incorporated under Malaysian law. SIB states that this partnership will provide new market opportunities for its manufacturing capabilities and further solidify its position as a trusted growth partner in Malaysia and the region.

SIBV will provide assistance and support to the JVC in corporate, licensing, environmental, and regulatory matters, and assist in sourcing the plant’s location.

ZZ Tech will assist in procuring materials, machinery, and equipment, provide technical and technological support, training, and expertise, and offer customer service, sales, and support to the JVC.
ZZ Tech, incorporated in the People’s Republic of China on February 23, 2016, specializes in the manufacturing of lithium battery precision structural components.

SIB states that the HOT is not expected to have a material impact on the company’s earnings, earnings per share, net assets, net assets per share, or gearing for the financial year ending January 31, 2026. The agreement also does not affect SIB’s issued and paid-up share capital or the shareholdings of its substantial shareholders.

SIBV will finance its investment in the JVC through internally generated funds and/or bank borrowings.

https://www.businesstoday.com.my/2025/05/20...nt-in-malaysia/

Waste disposal important or not, for these kind of companies?

malaysia ke arah kuasa besar?

Sapura ?

Kek

can beat CATL?

Sapura?

Lel

export to where?

tariff ke?

we will probably only do the lego procedure only, and provide dumping site for the mother company as value added services

missing key word "parts".

Its a battery component factory.

This post has been edited by takbodoh722: May 21 2025, 05:59 PM

For your info Sapura memang all this while manufacture car parts like camshaft , engine pistons , roll bars , machining on casting parts , aero parts

But if battery probably join venture , never heard from the fellas yet

This was reported earlier. Its a JV.

https://www.lowyat.net/2025/352571/sib-ente...ch-partnership/



One do the manufacturing, the other does.....

sapura Kek
nanti kena bailed out again

Sapulagi

lurkingaround

lel
The real reason is CCP sudah takut US tariff.
Inb4.......repackaging from made in China to made in Malaysia.
Let see how MITI is being pressure to issue COO to this company

Never ending kroni plotek

Tunggu becum serbuk dinamik 2.0

This post has been edited by Ayambetul: May 21 2025, 06:06 PM

An obscure company, easy to songlap

keyword there

their products

that company also produce parts only

So we get cheaper EVs?