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

Quick Summary:

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.

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

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Article Details

Author / Journalist: Editor

Category: EconomyBusiness

Markets: MalaysiaChina

Topics: Sapiura industrial News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-20 @ 11:02:09 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

Article Length: 288 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Today

News ID: 28871969

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Official Website: businesstoday.com.my

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