PETALING JAYA: Johor Corp (JCorp) will be investing in a bearing manufacturing facility with Zhejiang Tianma Bearing Group Co Ltd’s (TMB) subsidiary, Tianma Precision Sdn Bhd, in the Tanjung Langsat Industrial Complex in Johor in a deal worth RM440mil.
In a statement, JCorp said it had signed a sales and purchase agreement with Tianma Precision for the acquisition of 31 acres of industrial land in Tanjung Langsat Industrial Complex (TLIC) to build TMB’s first international bearing manufacturing facility outside of China.
