en.Wedoany.com Reported - On July 6, Wanli Tire, a subsidiary of Guangzhou Industrial Investment & Capital Holdings Group (GIIHG), signed a joint venture agreement with Berjaya Industries Sdn Bhd, a subsidiary of Malaysia's Berjaya Corporation Berhad, in Kuala Lumpur. The two parties will jointly invest approximately $320 million to build a globally advanced intelligent tire manufacturing plant in Malaysia, named the "Wanli Malaysia High-Performance Green Rubber Tire Production Base."

Located in Bukit Tagar, Selangor, the factory covers approximately 67.9 acres and is designed with an annual production capacity of 1.2 million all-steel radial tires (TBR) and 5 million semi-steel radial tires (PCR). The project will help establish Malaysia as a key strategic manufacturing base and export hub within Wanli Tire's global production network, creating over 1,000 local jobs and supporting talent development through workforce training and skills enhancement programs.

Berjaya Industries is a diversified conglomerate listed on the Main Board of Bursa Malaysia, with core businesses spanning property development and investment, automotive retail, and food and beverage, operating across multiple international markets. GIIHG possesses a strong industrial foundation in areas such as automotive parts and intelligent equipment, with over 20 overseas R&D institutions and production bases, and products exported to more than 160 countries and regions. Its subsidiary Wanli Tire ranks 41st among the world's top 75 tire companies in 2025, with production bases in Guangzhou Conghua, Hefei, and Cambodia, boasting an annual capacity of 33 million tires.

Tan Sri Dato' Seri Vincent Tan, founder and advisor of Berjaya Corporation Berhad, stated that this collaboration reflects Chinese enterprises' confidence in Malaysia's economic fundamentals, strategic location advantages, and growth potential, and also benefits from the Malaysian government's continuous efforts to improve the business environment. He believes that this partnership will generate more high-quality economic opportunities, create a number of high-skilled jobs, and bring long-term win-win development value to both countries. Wang Fuzhu, Vice Chairman and General Manager of GIIHG, pointed out that this agreement marks the group's transition from "single-point breakthroughs" to a "multi-hub synergy" layout in ASEAN. As the core of ASEAN, Malaysia, with its mature industrial supporting facilities and superior shipping network, serves as the group's strategic fulcrum for deepening its presence in Southeast Asia and radiating globally. The group will fully integrate its technological expertise in areas such as new energy tires and automotive electronics, deeply merge with Berjaya's local resources and market channels, and build a synergistic, complementary, resilient, and flexible cross-border industrial and supply chain system. This also represents a new overseas growth pole for the group to forge a hundred-billion-level automotive parts cluster.