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Article: JAPAN, MALAYSIAN COS TO MAKE AERO PARTS IN MELAKA.
- Article from:
- AsiaPulse News
- Article date:
- February 9, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MELAKA (Malaysia), Feb 9 Asia Pulse - Imai Aero-Equipment Mfg.Ltd. (IAC), Japan's largest subcontractor in manufacturing of aircraft components and equipments, Saturday entered into a joint venture with Malaysian company Cubic Electronics Sdn Bhd (CESB) to set up their RM100 million (US$27.8 million) aero manufacturing plant here.
IAC Japan will hold 75 per cent equity in the joint venture, IAC Manufacturing (M) Sdn Bhd (IAC) Malaysia, while CESB will own the remaining 25 per cent.
"IAC Malaysia aims to be the largest aircraft components manufacturing and sub-assembly hub in Asia Pacific," said President of IAC Japan, Tetsuo Imai, during the signing ...