KUALA LUMPUR: Sunsuria Bhd has signed collaborative agreements with China’s Sinotrans Ltd and IAT Automobile Technology Co to set up a smart logistics park in Malaysia and an Asean automotive design hub, respectively. In the memorandum of understanding (MoU) with Sinotrans, the parties will collaborate on establishing and operating a Smart Logistics Park and Business in Malaysia. The joint venture stands to benefit from upcoming projects such as the Malaysia-China Kuantan Industrial Park, Regional Logistic Hub, East-Coast Rail Link Project Logistic and ECommerce Business, said Sunsuria in a statement. Meanwhile, Sunsuria also signed a strategic cooperation agreement with automotive design and engineering firm IAT to form a joint-venture company to establish the Asean Automotive Design and Innovation Centre. IAT will also look into forming partnerships with schools and enterprises to cultivate Malaysian talent and services in the automotive sector.

Source: The Star April 29, 2019 00:00 UTC