2018Komatsu and UMW Agree to Establish a Joint-Venture Sales Company of Construction and Mining Equipment
Jul. 2, 2018Komatsu Ltd. (President and CEO: Tetsuji Ohashi) (hereafter “Komatsu”) and UMW Corporation Sdn. Bhd. (President and Group CEO: Badrul Feisal Abdul Rahim) (hereafter “UMW”), Malaysian distributor of Komatsu equipment, have today agreed to establish a joint-venture sales company and signed the formal contract. The new company will become a subsidiary of UMW, and Komatsu will acquire a 26% equity stake thereof.
UMW has sold Komatsu’s construction and mining equipment in Malaysia for over fifty years. Under a close-knit collaboration of the distributor and original equipment maker, 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 business.
In addition to Malaysia, UMW also engages in the distribution business of construction and mining equipment in Singapore, Myanmar, Papua New Guinea and Brunei. The new company plans to manage all distributors in these countries.
Establishment of the new company will have a very minimum effect on Komatsu’s consolidated business results.
Ohashi, President and CEO, Komatsu (left) and Badrul, President and Group CEO, UMW (right)
【Profile of UMW】
Name: UMW Corporation Sdn. Bhd.
Head office: Kuala Lumpur, Malaysia
Representative: Badrul Feisal Abdul Rahim
Major lines of business: Manufacture and sales of automobiles, sales of construction, mining and industrial equipment, blending and distribution of lubricants and manufacture and sales of automotive and aircraft parts.
No. of employees: 9,000 persons
- The information described is at the time of presentation and may be subject to advance notice.