PETALING JAYA: Berjaya Property Bhd’s wholly owned subsidiary Alam Baiduri Sdn Bhd (ABSB) today signed a landmark joint venture agreement (JVA) with Trusmax Investment Co Ltd, a wholly owned subsidiary of Wanli Tire Co Ltd, one of China’s leading tyre manufacturers.
This marks the start a strategic partnership that will see the development of a state-of-the-art high-performance tyre-manufacturing facility in Malaysia with a total investment of about US$320 million (RM1.3 billion).
The signing ceremony was attended by Investment, Trade and Industry Deputy Minister Sim Tze Tzin, China Ambassador to Malaysia Ouyang Yujing, Selangor Investment, Trade and Mobility Executive Councillor Ng Sze Han and distinguished guests from Malaysia and China, including senior government officials, members of the diplomatic corps, industry leaders and prominent representatives of the business community.
Under the JVA, ABSB and Trusmax will jointly undertake the development of the High-Performance Green Rubber Tyre Production Base on a parcel of land measuring about 67.9 acres at Bukit Tagar, Selangor, which will comprise 16 purpose-built industrial and support facilities with a total construction area exceeding 62.5 acres.
Upon full commissioning, the plant is expected to achieve an annual production capacity of 1.2 million truck and bus radial tyres and 5 million passenger car radial tyres, positioning Malaysia as a strategic manufacturing and export hub within Wanli Tire’s global production network.
The project is expected to generate more than 1,000 employment opportunities for Malaysians while supporting talent development through workforce training and skills enhancement programmes. In addition, the investment is anticipated to contribute positively to technology transfer, industrial development, export growth and the strengthening of Malaysia’s manufacturing ecosystem.
Berjaya Corporation Bhd founder and adviser Tan Sri Vincent Tan Chee Yioun said, “We are proud to partner with Wanli Tire, a subsidiary of the globally respected Guangzhou Industrial Investment Holding Group, in this landmark venture. This investment reflects the confidence of international companies in Malaysia’s economic fundamentals, strategic location and growth potential.
“We would also like to acknowledge and commend the government of Malaysia for its continued efforts in fostering a business-friendly environment that attracts quality investments and strengthens the nation’s competitiveness. We are confident this partnership will create meaningful economic opportunities, generate skilled employment and deliver long-term value for both countries.”
Guangzhou Industrial Investment Holding Group deputy chairman and general manager Wang Fuzhu said, “The cooperation signed today marks a major leap for Guangzhou Industrial Investment Holdings Group in its Asean expansion evolving from a ‘single-point breakthrough’ to a ‘multihub coordinated’ framework.
“As a core member of Asean, Malaysia boasts mature industrial supporting facilities and an excellent shipping network, making it a strategic pivot for the group to deepen its footprint in Southeast Asia while radiating to global markets. Both parties will fully integrate their technological expertise in green-energy tires, automotive electronics, and other fields with Berjaya group of companies, local resources and market channels, forging a synergistic, complementary, resilient and flexible crossborder industrial and supply chain system.
“This collaboration not only serves as a new overseas growth engine for the group’s drive to build a RMB100 billion auto-parts cluster, but also constitute a win-win choice for both sides to seize the initiative in the global industrial transformation.”
Berjaya Property group CEO Syed Ali Shahul Hameed said, “We are delighted to embark on this strategic partnership with Wanli Tire and look forward to building a successful venture together. Berjaya brings decades of business experience, strong development capabilities, extensive networks and a proven track record across multiple industries.
“These strengths place us in a strong position to support our partners and contribute meaningfully to the success of this venture. Combined with Wanli Tire’s world-class manufacturing expertise and technological leadership, we are confident that this collaboration will drive sustainable growth, facilitate knowledge transfer and create lasting value for our stakeholders and the wider economy.”
Wanli Tire chairman Cao Xiandong who is also deputy general manager of Guangzhou Industrial Investment Holding Group, said, “Partnering with Berjaya Group fills us with confidence and expectation for our Malaysia manufacturing base. From initial talks to the signing, we have received strong support from parties in both China and Malaysia throughout the process, which encourages us and reinforces our long-term commitment to rooting in Malaysia and pursuing shared prosperity.
“Cross-border cooperation thrives on mutual growth; industrial synergy hinges on shared benefits. Looking ahead, we will continue to support Wanli Tire in deepening local operations and jointly build a future‑ready, industry-leading ‘flagship plant’.
“ Let us stand side by side, seize the opportunities of the era, and make every tire that rolls out from here to the world a friendly messenger carrying the quality of China’s smart manufacturing and the bond of China-Malaysia friendship.”
The signing of thre JVA marks the beginning of a long-term strategic partnership between Berjaya Property and Wanli Tire, built on a shared vision of innovation, sustainable growth and mutual success. By combining their respective strengths, expertise and resources, both parties are wellpositioned to create meaningful economic value, advance industrial development and contribute to stronger commercial and investment ties between Malaysia and China.
