TT VISION HOLDINGS BERHAD announced that it has successfully fulfild all conditions precedent under the Joint Venture Agreement with Autowell (Singapore) Pte Ltd where both parties are to establish a manufacturing base in Malaysia for research and development, production, and sales of advanced automation equipment.
The facility will also produce related hardware and software products aimed at the expanding overseas solar energy markets, including Southeast Asia, Europe, and America.
TTVHB chief executive officer and executive director Goon Koon Yin said, “On behalf of TTVHB and ASPL, we are excited to announce that the joint venture has officially commenced. We have identified and are in the midst of setting up a ready built manufacturing facility. Upon completion of our new manufacturing facility, we target to commence operations in August 2024. This pivotal collaboration leverages the extensive expertise and groundbreaking innovations of both companies, aiming to revolutionise technological advancements and provide exceptional value to our stakeholders.
Our joint venture is set to redefine industry standards, driving sustainable growth and establishing a dominant presence in the global energy sector. Together, we are committed to build a technologically advanced and environmentally sustainable future.”
