Ajiya and YKGI forge part­ner­ship

The Sun (Malaysia) - - SUNBIZ -

KUALA LUMPUR: Ajiya Bhd, a com­pany in­volved in the man­u­fac­tur­ing and sup­ply of ma­te­ri­als used in the con­struc­tion and build­ing-based in­dus­tries, has en­tered into a mem­o­ran­dum of un­der­stand­ing (MoU) with YKGI Hold­ings Bhd for a long-term strate­gic busi­ness part­ner­ship be­tween both com­pa­nies in Sabah and Sarawak.

In a fil­ing with Bursa Malaysia yes­ter­day, Ajiya said the part­ner­ship will syn­er­gise and op­ti­mise both par­ties’ man­u­fac­tur­ing re­sources.

YKGI’s prin­ci­pal ac­tiv­ity is the man­u­fac­tur­ing and sale of gal­vanised and coated steel prod­ucts, picked and oiled hotrolled coils and cold-rolled coils.

Ajiya group man­ag­ing di­rec­tor Datuk Chan Wah Kiang said the MoU al­lows both com­pa­nies to form the ba­sis of con­sen­sus to ex­am­ine the fea­si­bil­ity of the pro­posed part­ner­ship.

He said the col­lab­o­ra­tion will open up busi­ness op­por­tu­ni­ties for Ajiya in Sabah and Sarawak by lever­ag­ing on the ex­ten­sive net­work of YKGI.

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