PRESS RELEASE: The new JV company will become a subsidiary of UMW, while Komatsu will acquire a 26% equity stake.
UMW has sold Komatsu construction and mining equipment in Malaysia for over 50 years already.
As part of a close-knit collaboration between the distributor and OEM, the new company will be strategically positioned to strengthen its marketing and product support operations, and further expand both sales and profits in the construction and mining equipment businesses.
In addition to Malaysia, UMW also supplies equipment to Singapore, Myanmar, Papua New Guinea and Brunei. The new company will now manage all distributors in these countries.