Sapura Industrial signs MoU to form JV

PETALING JAYA: Sapura Industrial Bhd has signed a memorandum of understanding with Wada Aircraft Technology Co Ltd and Aero Inc to form a joint-venture company for the manufacture and assembly of aerospace components, tooling, jigs and fixtures.

The joint-venture company (JV-co) will cater to the aerospace industry in Malaysia and will synergistically combine the experience, expertise, resources, customer reach and deliverability of the three companies.