TPG UP­BEAT ON PROSPECTS

MoU with Hubei Guang Bo to lead way for man­u­fac­ture of power gen­er­a­tion equip­ment

New Straits Times - - Business - FRAN­CIS DASS KUALA LUMPUR bt@me­di­aprima.com.my

TRIVE Prop­erty Group Bhd (TPG) is bullish on its so­lar power gen­er­a­tion equip­ment busi­ness following the sign­ing of a mem­o­ran­dum of un­der­stand­ing (MoU) with a China-based com­pany yes­ter­day.

The MoU, signed with Hubei Guang Bo New En­ergy Co Ltd, en­tailed a joint col­lab­o­ra­tion to man­u­fac­ture wind-so­lar power gen­er­a­tion equip­ment for the lat­ter.

TPG ex­ec­u­tive di­rec­tor Kua Khai Shyuan said un­der the deal, the com­pany’s ex­ist­ing man­u­fac­tur­ing fa­cil­ity in Kulim, Kedah, would be used to man­u­fac­ture so­lar equip­ment.

He said both com­pa­nies would be in­volved in re­search and devel­op­ment, pro­duc­tion, assem­bly, dis­tri­bu­tion and mar­ket­ing of power gen­er­a­tion systems, in­clud­ing the off-grid/grid-con­nected wind power gen­er­a­tion sys­tem.

“Hubei Guang Bo will sup­ply the tech­ni­cal know-how to TPG for man­u­fac­tur­ing pur­poses in our 1.01ha man­u­fac­tur­ing plant in Kulim, Kedah, as part of our joint ven­ture (JV) struc­ture,” Kua told NST Busi­ness yes­ter­day.

The prod­ucts will then be shipped back to Hubei, China.

Kua said he was un­able to as­cer­tain the value of the deal as it was still in the very early stages.

Fur­ther de­tails on the MoU will be fi­nalised at a later date.

Kua said the JV pro­vided TPG the op­por­tu­nity to gain ad­di­tional ca­pac­ity and the ex­per­tise of new tech­no­log­i­cal knowl­edge in re­new­able en­ergy sec­tor.

It will also pro­vide TPG an op­por­tu­nity to tap the ex­per­tise of Hubei Guang Bo’s spe­cial­ist tech­ni­cal staff.

Hubei Guang Bo’s prod­ucts and systems are now used in many in­dus­tries, in­clud­ing the me­te­o­ro­log­i­cal ob­ser­va­tion sta­tion in Sichuan Prov­ince.

The com­pany added that these en­ergy prod­ucts were also used in ho­tel en­gi­neer­ing projects in Shan­dong, fish farm­ing, plant growth lights, bus-stop sign light­ing, traf­fic lights and high­ways.

Ad­di­tion­ally, the state­ment said TPG was grow­ing its prop­erty devel­op­ment, con­struc­tion, and tech­nol­ogy in­vest­ment busi­nesses to main­tain its com­pet­i­tive ad­van­tage.

Trive Prop­erty Group Bhd says China-based Hubei Guang Bo New En­ergy Co Ltd will sup­ply the tech­ni­cal knowhow for the man­u­fac­tur­ing of wind-so­lar power gen­er­a­tion equip­ment at its plant in Kulim, Kedah.

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.