Wednesday, June 8, 2011

Sanichi inks MoU with German firm

KUALA LUMPUR: SANICHI TECHNOLOGY [] BHD [] has entered into a memorandum of understanding (MoU) with German-based Projektarbelt Technische Beratung Venretung International (PROTEV) to form an alliance for a one-stop plastic injection mould fabrication solution centre.

In a filing Wednesday, June 8, Sanichi said PROTEV had also expressed interest (without obligation) to explore the possibility of taking up a strategic stake in the company.

However, it said the quantum of the stake would only be determined at a later date.

It said PROTEV was in the business of research and development, project advisor, technical consulting services and mould production for the automotive industry.

It said PROTEV also had offices in USA and Mexico.

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