Tianma Precision partners JCorp to invest RM440 mil in new manufacturing facility in Johor

• The deal will see the establishment of Tianma’s first-ever manufacturing facility outside of China, JCorp said

KUALA LUMPUR (Nov 20): Johor Corporation (JCorp) is investing in a bearing manufacturing facility together with Tianma Precision Sdn Bhd, a subsidiary of Zhejiang Tianma Bearing Group Co Ltd, in Tanjung Langsat Industrial Complex in Johor in a deal worth RM440 million.

The deal will see the establishment of Tianma’s first-ever manufacturing facility outside of China, JCorp said in a statement on Wednesday. The agreement involves the acquisition of 31 acres of industrial land in Tanjung Langsat.

This facility will primarily focus on meeting the growing demand for high-performance bearings used in wind turbines, a rapidly expanding sector with increasing demand in markets such as the US, Europe, and Latin America.

The new facility is expected to contribute significantly to the local economy, generating high-skilled employment opportunities for the Johor community, said JCorp.

“This collaboration ensures our workforce is not only prepared to meet the demands of advanced manufacturing but also plays a crucial role in driving our state’s economic development,” said Johor investment, trade, consumer affairs and human resources committee chairman Lee Ting Han in a statement on Wednesday. 

“We believe this partnership, along with the establishment of the JS-SEZ (Johor-Singapore Special Economic Zone), will provide significant benefits not only to the local community but also to international business relations, fostering greater economic collaboration and growth on a global scale," said JCorp real estate & infrastructure division director Datuk Akmal Ahmad.

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