KUALA LUMPUR: Boustead Heavy Industries Bhd's (BHIC) indirect subsidiary BHIC Defence Technologies Sdn Bhd (BHICDT) has formed a joint venture with MTU Services Malaysia Sdn Bhd (MSM) to undertake businesses related to the maintenance of the products and services of MTU Friedrichshafen GmbH (MTU) in Malaysia and Brunei.
MSM is an associate company of MTU, a Germany-based manufacturer of diesel engines for trains, ships, military vehicles, farming, mining and CONSTRUCTION [] equipment and oil and gas (O&G) applications as well as diesel-generators.
In a Bursa Malaysia filing on Tuesday, June 15, BHIC said the joint venture the parties had entered into on Tuesday was also a step towards establishing a long-term relationship.
"MSM is the only sole authorised agent of MTU in Malaysia with the exceptional know-how and the capability to offer a comprehensive range of products and services support to MTU customers in Malaysia and Brunei," it said.
BHICDT will hold a 60% stake in the JV company while MSM will hold the remaining shares. BHIC had on Monday secured a RM130.7 million deal to build, design and commission 10 Fast Interceptor craft vessels for the Malaysian Maritime Enforcement Unit.
MSM is an associate company of MTU, a Germany-based manufacturer of diesel engines for trains, ships, military vehicles, farming, mining and CONSTRUCTION [] equipment and oil and gas (O&G) applications as well as diesel-generators.
In a Bursa Malaysia filing on Tuesday, June 15, BHIC said the joint venture the parties had entered into on Tuesday was also a step towards establishing a long-term relationship.
"MSM is the only sole authorised agent of MTU in Malaysia with the exceptional know-how and the capability to offer a comprehensive range of products and services support to MTU customers in Malaysia and Brunei," it said.
BHICDT will hold a 60% stake in the JV company while MSM will hold the remaining shares. BHIC had on Monday secured a RM130.7 million deal to build, design and commission 10 Fast Interceptor craft vessels for the Malaysian Maritime Enforcement Unit.
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