Swedish company Trelleborg AB is forming a partnership with Malaysian firm Wellcall Holdings Bhd to produce and sell composite hose and fittings.
The formed joint venture will set up base in Malaysia for production and manufacturing purposes, and it is estimated that they will start delivering the product in 2020.The partnership is split 51-49, with 51% owned by the Trelleborg, and 49% owned by Wellcall Holdings Bhd. The financial and manufacturing details of the venture were not disclosed.
Trelleborg produces composite hoses in Europe, while Wellcall stated on their website that they were the largest industrial manufacturer of industrial rubber hose in Malaysia.
The Swedish firm claimed that the venture was a strategic move in order the establish its position in lucrative industry markets. “Trelleborg will contribute technological know-how in composite hoses and Wellcall, with its operations based in Malaysia, will contribute local knowledge concerning both the market and in operational terms,” said Jean-Paul Mindermann, president of the Trelleborg Industrial Solutions business area.
Image Courtesy: Trelleborg AB