Vincent Tan continues his drive in assembly business

THE automotive assembly business is a challenging field in Malaysia. This segment of the automtive industry is saddled with over-capacity issues to the extent that not many would want to put their money in assembly plants.

But Berjaya group founder Tan Sri Vincent Tan is going against the tide. He is close to completing the takeover of Oriental Assemblers Sdn Bhd, a Johor-based manufacturer and distributor of auto parts and equipment, from the Oriental Group. The acquisition is done through Berjaya Assets Bhd, a company that is majority owned by Tan himself and not part of the Berjaya Group.